The Munk Debates Podcast Munk Dialogue with Andrew Coyne: Canada seeks to diversify its trade partnerships beyond the U.S
Jul 15, 2025
In this conversation, Andrew Coyne, a prominent columnist for The Globe and Mail, discusses the challenges Canada faces in trade negotiations with an unpredictable U.S. administration. He examines Trump's recent tariff threats and their implications for Canada, Mexico, and Europe. Coyne explores the idea of diversifying trade by potentially strengthening ties with China and delves into the broader economic impact of U.S. fiscal policies and tariffs, questioning their long-term effectiveness amidst a fragile U.S. economy.
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Trump's Unconventional Negotiation Style
- Trump is an unusual negotiator who doesn't follow normal negotiation rules.
- This unpredictability confounds countries trying to respond to his tariff threats.
Keep Trade Talks Behind Closed Doors
- Keep domestic trade negotiation debates private to avoid giving Trump opportunities to divide.
- Present a united front federally with provinces aligned for stronger negotiation power.
Trust Deficit in Trade Deals
- Normal trade negotiations involve mutual concessions and trust.
- With Trump, there's no guarantee he will honor agreements, making concessions risky.