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Yahoo
2 days ago
- Business
- Yahoo
Trump dangles free missile defense, if Canada becomes the 51st state
Trump dangles free missile defense, if Canada becomes the 51st state originally appeared on TheStreet. The crypto market traded flat on Wednesday as Bitcoin hovered around $109,000 and Ether stayed just above $2,670. But outside the charts, geopolitical tension took center stage after former U.S. President Donald Trump delivered an eyebrow-raising offer to Canada: become the 51st state, and access missile defense for free. Trump said Canada would otherwise have to pay $61 billion to join his proposed "Golden Dome" missile defense system, a massive $175 billion project he claims will be operational by the end of his term in 2029. 'I told Canada, which very much wants to be part of our fabulous Golden Dome System, that it will cost $61 Billion Dollars if they remain a separate, but unequal, Nation,' Trump posted on Truth Social. 'But (it) will cost ZERO DOLLARS if they become our cherished 51st State. They are considering the offer!' Canadian Prime Minister Mark Carney confirmed that high-level talks had been held over the defense system but brushed off Trump's statehood suggestion during a recent visit to the White House, saying his country was 'never for sale.' Despite existing defense coordination through NORAD, the proposal has sparked fresh friction between the two North American allies — even as Trump tries to sweeten the deal. There was no immediate official response from Canada following Trump's latest statement. Geopolitical tensions — especially those involving major powers like the U.S. — often create uncertainty in traditional markets, which can spill over into crypto. When events like Trump's $61 billion ultimatum to Canada or broader military defense moves make headlines, investors tend to reassess global stability. This can push some toward crypto as a hedge, especially Bitcoin, which is often viewed as "digital gold" during times of fiat or geopolitical risk. However, this shift isn't always immediate or predictable — it depends on how serious and prolonged the tensions are. At the same time, rising geopolitical friction can also lead to tighter regulations, cross-border capital controls, or increased surveillance, all of which impact how crypto moves globally. For example, any hint that Canada or the U.S. might clamp down on capital outflows or enforce stricter cross-border payment rules could drive local users to shift funds into crypto. So while crypto didn't react sharply to the Canada–Trump tension this week, long-term shifts in diplomatic alliances and defense posturing can subtly reshape the global crypto landscape. Trump dangles free missile defense, if Canada becomes the 51st state first appeared on TheStreet on May 28, 2025 This story was originally reported by TheStreet on May 28, 2025, where it first appeared.
Calgary Herald
3 days ago
- Business
- Calgary Herald
Carney's straightforward response after Trump offers Golden Dome membership for free as the 51st state
Prime Minister Mark Carney offered a simple statement regarding U.S. President Donald Trump's US$61 billion (CAD$83 billion) offer for Canada to join his vaunted Golden Dome defence system or gain membership for free by becoming the 51st state. Article content 'Never negotiate in public,' he said as he whisked past reporters parked outside a Liberal caucus meeting in Ottawa on Wednesday. Article content Article content Article content Nova Scotia MP Darren Fisher said Trump's 'got to give that stuff up,' adding it's 'never going to happen.' Article content Winnipeg MP Doug Eyolfson called it 'outrageous.' Article content 'A bribe is a bribe. That's just not acceptable. We're not going to bribe Canadians into becoming a 51st state. We're Canadians. This is Canada, and we're a sovereign nation and becoming part of the States is not an option.' Article content The Prime Minister's office didn't say whether it received the purported $61-billion offer when contacted by National Post, but said discussions on NORAD and the Golden Dome have been part of 'wide-ranging and constructive discussions' Carney and his ministers have had with U.S. counterparts. Article content But while acting on his citizen-driven mandate to establish a new relationship with the U.S., his office said, 'the Prime Minister has been clear at every opportunity, including in his conversations with President Trump, that Canada is an independent, sovereign nation, and it will remain one.' Article content Article content National Defence Minister David McGuinty said when it came to Trump's stated price tag of $61 billion, he said he was not 'in a position to evaluate the numbers.' Article content 'I learnt a long time ago, when it comes to managing relationships with other countries, you can only control what you can control, and what we can control here now is decisions around strengthening our sovereignty and our security,' he said prior to the caucus meeting. Article content Article content He said more would be revealed when the Liberal government tables its budget in the fall. Article content McGuinty also pointed to Canada's modernization initiative for NORAD and Carney's recent announcement of putting $6 billion towards bolstering early warning detection over the Arctic. Article content Article content 'We're going to continue to do what's right for Canadians, and that includes making sure that we are secure, that we are sovereign.' Article content Article content He said not only is Canada focused on its relationship with the U.S., when it comes to security, but also the European Union. Article content Within five hours of Canada's sovereignty being made abundantly clear by King Charles III in a historic and symbolic speech from the throne in the nation's capital, he posted on Truth Social that Canada would have to pay if it chose to remain 'a separate but unequal, Nation.'
Calgary Herald
3 days ago
- Politics
- Calgary Herald
Trump says Canada's Golden Dome membership costs $61 billion — or free as 51st state
Within hours of Canada's sovereignty being made abundantly clear by its King in a historic and symbolic speech from the throne in the nation's capital, U.S. President Donald Trump once again made a pitch for Canada to become the 51st state. Article content In a post to Truth Social, he said the cost to join in the 'fabulous Golden Dome System' — the multilayered missile defence program to counter foreign threats to America, even those coming from space — would be US$61 billion should Canada choose to remain 'a separate, but unequal, Nation.' Article content But join the U.S. as its 'cherished 51st state' and protection from the defence program will cost Canada 'zero dollars.' Article content 'They are considering the offer,' Trump wrote. Article content Prime Minister Mark Carney's office didn't say whether it received such an offer when contacted by National Post, but said discussions on NORAD and the Golden Dome have been part of 'wide-ranging and constructive discussions' Carney and his ministers have had with U.S. counterparts. Article content Article content But while acting on his citizen-driven mandate to establish a new relationship with the U.S., his office said, 'the Prime Minister has been clear at every opportunity, including in his conversations with President Trump, that Canada is an independent, sovereign nation, and it will remain one.' Article content National Post has contacted the White House press secretary and is awaiting a response. Article content The president first announced the Golden Dome initiative in the Oval Office last week, remarking during his address and in questioning from reporters that 'Canada wants to be part of it' and will 'pay their fair share.' Article content Article content 'We are dealing with them on pricing,' he said. Article content Article content In a statement to the Canadian Press at the time, a spokesperson for the prime minister confirmed talks on the Golden Dome, but didn't share costs or specifics. Article content The project has already been awarded its first $25 billion with the passage of Trump's 'One Big Beautiful Bill Act' — legislation that covers reforms in several sectors, including defence. Article content Carney has made multiple commitments on defence spending, the most recent being in Tuesday's throne speech, which confirmed Canada would join ReArm Europe, the European Commissions's plan to give member nations more 'financial flexibility' to mobilize a combined 800 billion euros (CAD$1.25 trillion) for a 'massive ramp-up of defence spending.'
National Post
3 days ago
- Business
- National Post
Trump says Canada's Golden Dome membership costs $61 billion — or free as 51st state
Within hours of Canada's sovereignty being made abundantly clear by its King in a historic and symbolic speech from the throne in the nation's capital, U.S. President Donald Trump once again made a pitch for Canada to become the 51st state. Article content In a post to Truth Social, he said the cost to join in the 'fabulous Golden Dome System' — the multilayered missile defence program to counter foreign threats to America, even those coming from space — would be US$61 billion should Canada choose to remain 'a separate, but unequal, Nation.' Article content But join the U.S. as its 'cherished 51st state' and protection from the defence program will cost Canada 'zero dollars.' Article content 'They are considering the offer,' Trump wrote. Article content Article content Prime Minister Mark Carney's office didn't say whether it received such an offer when contacted by National Post, but said discussions on NORAD and the Golden Dome have been part of 'wide-ranging and constructive discussions' Carney and his ministers have had with U.S. counterparts. Article content But while acting on his citizen-driven mandate to establish a new relationship with the U.S., his office said, 'the Prime Minister has been clear at every opportunity, including in his conversations with President Trump, that Canada is an independent, sovereign nation, and it will remain one.' Article content National Post has contacted the White House press secretary and is awaiting a response. Article content The president first announced the Golden Dome initiative in the Oval Office last week, remarking during his address and in questioning from reporters that 'Canada wants to be part of it' and will 'pay their fair share.' Article content 'We are dealing with them on pricing,' he said. Article content Article content In a statement to the Canadian Press at the time, a spokesperson for the prime minister confirmed talks on the Golden Dome, but didn't share costs or specifics. Article content Article content The project has already been awarded its first $25 billion with the passage of Trump's 'One Big Beautiful Bill Act' — legislation that covers reforms in several sectors, including defence. Article content Article content Carney has made multiple commitments on defence spending, the most recent being in Tuesday's throne speech, which confirmed Canada would join ReArm Europe, the European Commissions's plan to give member nations more 'financial flexibility' to mobilize a combined 800 billion euros (CAD$1.25 trillion) for a 'massive ramp-up of defence spending.' Article content As part of a pledge that Canada would hit NATO's defence spending target of two per cent of gross GDP by 2030, the Liberals' election platform included $130 billion in new defence spending over the next four years.
India.com
3 days ago
- Business
- India.com
Why Trumps Missile Offer To Canada Was Rejected And How It Tested Relationship Two Countries
New Delhi: What began as one of Donald Trump's signature 'Art of the Deal' moments, offering Canada a free ride into a multi-billion-dollar U.S. missile defense system if it joined the union as the 51st state, has instead left a diplomatic frost hanging over the 49th parallel. Couched in his trademark bravado, the U.S. president's offer was met with swift rejection from Canadian Prime Minister Mark Carney's office. Canadian officials, in a statement that managed to be both measured and razor-sharp, made it clear that the country would not be trading in its sovereignty for a seat at America's defense table, discounted or not. However, behind the political theater, experts suggest the episode is unlikely to cause lasting damage to the deep and often complex Canada-U.S. relationship. Instead, it may serve as another reminder of the differences in political tone and national identity between the two neighbours. Trump's comments, in short term, are expected to generate diplomatic awkwardness. Already wary of Trump's unpredictable style, Canadian officials may approach future discussions – especially on defense matters – with more guarded language and firmer red lines. Widely viewed in Canada as unserious and borderline offensive, the proposal has sparked a wave of public and political backlash – uniting voices across the spectrum in defense of national pride. 'The idea that we would give up our sovereignty in exchange for defense tech, no matter how sophisticated, strikes at the core of what it means to be Canadian. We can cooperate without capitulating,' said one senior official familiar with bilateral negotiations. But even as Ottawa slams the door on the notion of statehood. It is not retreating from its long-standing security commitments. Canada is modernise NORAD in collaboration with the United States, including a recent C$6 billion deal with Australia to enhance Arctic radar capabilities. Built on decades of binational cooperation, analysts believe that relationship is too institutionalised to be rattled by one rhetorical flare-up. Still, the episode is likely to reinforce a political trend already underway in Canada – a growing emphasis on defense autonomy and national self-reliance. Trump's proposal may ironically have the opposite effect of what he intended, spurring Canada to assert its independence more forcefully on the world stage. Ultimately, while the missile defense proposal may fade from headlines, the message from Ottawa is likely to stick – Canada is open to defense collaboration, but not at the expense of its identity. And if Trump was hoping to fold the Maple Leaf into the Stars and Stripes, he just learned that polite does not mean pliant.
