True to form, TransCanada filed a $15 billion legal action against the U.S. government on January 6. The company is demanding that U.S. taxpayers compensate it for the profits it had hoped to make from a pipeline it won’t get to build.
Canadian pipeline company TransCanada announced Wednesday afternoon it is suing the Obama administration under NAFTA provisions for the U.S. decision last November to reject the unpopular Keystone XL pipeline.
It is only since the Reagan era and subsequently with Bush, Clinton, Bush, and now Obama, that we have forsaken tariffs and have been chanting the “free trade” mantra—to our own detriment and destruction. A protectionist approach, including tariffs, is what the USA needs so it can get back in...
How can something as pleasant-sounding as “free trade” be more threatening than a zombie apocalypse? The devil’s in the details, and the fine print on some of these agreements is enough to curdle a bucket of blood.