Bloomberg Talks Canadian Finance Minister Francois-Philippe Champagne Talks Tariffs
Jul 17, 2025
Francois-Philippe Champagne, the Canadian Finance Minister, dives into the complexities of tariffs and their impact on global trade. He discusses the critical need for stable economic policies during G20 talks and Canada's role as a vital trading partner to the U.S. The conversation also highlights the significance of G7 unity in navigating trade negotiations and enhancing supply chain resilience. Additionally, Champagne emphasizes Canada's commitment to supporting Ukraine and the need for accountability in reconstruction efforts amidst the ongoing conflict.
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Trade Uncertainty is Becoming Norm
- Trade uncertainty is becoming normalized with frequent tariffs and restrictions.
- Restoring stability, confidence, and rule of law is critical for global economic growth.
Zero Tariffs Deal Seems Unlikely
- Achieving a zero tariffs trade deal with the US appears increasingly unlikely.
- Many countries now face some level of trade restrictions and tariffs imposed repeatedly.
Negotiate Firmly and Diversify Markets
- Double down on negotiations with the US while protecting Canadian industries and workers.
- Diversify markets and build infrastructure leveraging Canada’s unique G7 trade agreements.