Hub Podcasts Did global free trade die with Trump's tariffs?
Aug 1, 2025
The discussion dives into the impact of Trump's tariffs on Canada, questioning if they signal a new norm or a fleeting phase. Economic consequences and potential retaliatory measures are explored, all while highlighting the complexities of current trade dynamics. The conversation also touches on the Carney government's approach to recognizing the Palestinian state, discussing the risks involved and the questionable timing of the announcement. The vital role of American leadership in resolving the Gaza conflict wraps up this insightful dialogue.
AI Snips
Chapters
Transcript
Episode notes
Trump's Tariffs as New Norm
- Trump's tariffs represent a probable new norm in U.S. trade policy, not a temporary aberration.
- This reflects a fundamental change in U.S. approach to leveraging economic asymmetry and trade negotiations.
Trump's Tariff Timing Is "Goldilocks"
- Trump's current tariffs generate no retaliation and have yet to impact the U.S. economy noticeably.
- The positive moment now may not last, as future recession or retaliation could worsen impacts.
Tariffs as Leverage and Its Risks
- The U.S. leverages its market power through tariffs to extract concessions from trading partners.
- Countries tolerate tariffs to maintain access, but diminished U.S. global cooperation raises uncertain consequences.