Hub Podcasts Liberation Day 2.0: What do Trump's latest tariffs mean for Canada?
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Aug 1, 2025 The discussion dives into Trump's new tariffs and their surprising effects on Canada's economy, especially during a period of stagnant growth. The conversation emphasizes the urgent need for Canada to rethink its trade strategies in a post-USMCA world. It also critiques the rise of protectionism and its long-term impact on global trade. Furthermore, the podcast addresses Canada's housing crisis and how U.S. tariffs could reshape the housing market dynamics, illuminating the complex interplay between domestic policies and international relations.
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Canada's Trade Advantage Post-Tariffs
- Trump's tariffs hit non-compliant USMCA goods, but 90-95% of Canada's trade complies and remains tariff-free.
- This makes Canada's market access relatively secure, possibly turning a trade conflict into an advantage.
Broad and Intense US Tariffs Strategy
- Tariffs hit multiple big economies with steep rates, revealing Trump's broad tariff strategy beyond Canada.
- This sustained uncertainty threatens Canada's economy despite some trade protections under USMCA.
US Tariffs Rewrite Trade Paradigm
- Trump's tariff policy reverses decades of declining tariffs, reshaping American economic and trade policy.
- This may trigger others to respond, risking a global decline in free trade and open markets.