The Bridge with Peter Mansbridge Good Talk -- The Trump Tariffs Are Tomorrow -- Or Not
Jan 31, 2025
The looming tariffs threaten both Canadian and U.S. economies, paralleling the turmoil of the pandemic. Mark Carney's emerging leadership and carbon tax shifts stir political waters. Jagmeet Singh's uncertain stance poses challenges for the NDP's coherence amid calls for stability. Canada's crucial supply bill faces scrutiny, with high stakes for government funding. Finally, concerns about Canada’s international alliances emerge, highlighting the need for robust strategies to counteract potential isolation.
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Canada's Trade Objectives
- Canada aims to maintain access to the U.S. market.
- They are preparing for potential market shifts if a trade war occurs.
Preparing for Economic Shock
- Prepare for economic shocks similar to the initial phase of COVID-19.
- The government is preparing aid packages for affected businesses and individuals.
Trade Realities and Delusions
- The U.S. needs Canadian goods and resources, making immediate replacement unlikely.
- The low Canadian dollar offers a competitive advantage in trade.