How Canadians would be impacted if the 25% tariffs are imposed on January 20th
Jan 15, 2025
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David Coletto, Founder and CEO of Abacus Data, shares valuable insights into the political landscape in Canada. He discusses how impending 25% tariffs could impact Canadian businesses and consumers directly. The conversation also touches on the shifting dynamics within the Liberal Party as they seek a new leader. With public sentiment at stake, Coletto reveals polling data that highlights who Canadians prefer in the upcoming leadership race, and he emphasizes the necessity for effective strategy in light of new U.S. challenges.
The potential imposition of a 25% tariff on Canadian exports has raised significant economic concerns among Canadian leaders and citizens alike.
Premier Doug Ford advocates for a unified and assertive response to tariffs, while regional disagreements complicate crafting a cohesive national strategy.
The resignation of Prime Minister Justin Trudeau has triggered a leadership race for the Liberal Party, intensifying national political dynamics and public sentiment.
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The Political Climate Amid Tariff Threats
The podcast discusses a significant meeting in Ottawa where Canadian premiers are deliberating on how to respond to the potential imposition of tariffs by the incoming U.S. administration. Concerns are raised over the devastating economic implications these tariffs could have, specifically a potential 25% charge on Canadian exports. Premier Doug Ford signals a strong stance, advocating for a unified response to protect Canadian jobs and industries. The discussions signal a growing consensus among leaders about the likelihood of these tariffs being implemented and how the country should react.
Division Among Premiers on Tariff Responses
There is a notable divide among premiers regarding the strategies Canada should adopt in response to the looming tariffs. Premier Doug Ford emphasizes the need for an assertive response, potentially including export taxes or halting energy exports to the U.S. Conversely, some Western premiers like Danielle Smith and Scott Moe oppose such measures, insisting they could harm their economies. This divergence highlights the challenge of crafting a cohesive national strategy amid differing provincial interests.
Impact of Leadership Changes on the Liberal Party
The resignation of Prime Minister Justin Trudeau has initiated a leadership race within the Liberal Party, with notable candidates emerging, including Chrystia Freeland and Mark Carney. The podcast emphasizes the potential for Carney to be viewed as an outsider yet lacks hands-on political campaign experience. Recent withdrawals from the race by other candidates such as François-Philippe Champagne suggest a diminishing pool of options, possibly leading to a coronation of a single candidate. The internal dynamics and subsequent endorsements are pivotal as the party attempts to regroup following Trudeau's departure.
Concerns Over Economic Security Amidst Tariff Discussions
As the podcast unfolds, there is increased public concern regarding the implications of U.S. tariffs on everyday Canadians. Economics experts highlight that, although businesses may initially absorb costs, long-term repercussions like layoffs and market shrinkage are likely if tariffs are enforced. The widespread anxiety about the effect on jobs and family finances demonstrates how this issue transcends mere politics and strikes at the heart of Canadians' livelihoods. With crucial discussions ongoing, the sentiment reflects a yearning for a stable economic environment amid potential upheaval.
Amanda Lang, BNN Bloomberg anchor, Host of Taking Stock on BNN Bloomberg, CTV and the iHeart radio network joins Vassy Kapelos to answer this weeks 'The Explainer' question on how Canadians would be impacted by 25% tariffs.
On todays show:
Listen to Vassy's full conversation with Liberal MP's on what they are looking for in a new party leader.
David Coletto, founder, Chair and CEO of Abacus Data joins host Vassy Kapelos to discuss the most recent polling from Abacus regarding who Canadians would prefer as the new leader of the Liberal party.
The Daily Debrief Panel with George Soule, Sharan Kaur, and Tim Powers.
Karyn Weber, Canadian In LA who lost her home and Char Miller, Professor of environmental analysis at Pomona College in LA join Vassy to discuss the devastating wildfires that continue to burn in LA.
Liam Mooney, Founder of Ottawa-based Jackpine Dynamic Branding joins Vassy to discuss how Premiere Doug Ford wore a gifted hat bearing message ‘Canada is not for sale’.
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