

Munk Dialogue with Andrew Coyne: The EU-US trade deal should serve as a warning to Canada and why supply management hurts the poorest Canadians
Jul 29, 2025
Andrew Coyne, a columnist at the Globe and Mail and bestselling author, shares his insights on the recent EU-US trade deal, highlighting its shortcomings and the uncertainty it brings. He discusses the necessity for Canada to be prepared for Trump's ongoing tariff strategy. The conversation delves into supply management in Canadian agriculture, critiquing its benefits for wealthy businesses at the expense of poorer consumers. Coyne advocates for necessary reforms to enhance competition and equity in the market while addressing Canada's economic challenges.
AI Snips
Chapters
Books
Transcript
Episode notes
Europe's Surrender to Trump Tariffs
- Europe's trade deal with the US under Trump is more a surrender than a win.
- It accepted a 15% tariff with minimal concessions, reflecting a strategy to cut losses rather than negotiate.
Disunity Benefits Trump's Negotiations
- Democratic nations hesitate to unite against Trump fearing bridge burning.
- This disunity allows Trump to negotiate deals that chip away at them individually.
Trump's Trade Pattern Foretells Canada's Fate
- Trump's pattern is demanding high tariffs but accepting investment promises to ease tensions.
- Canada likely faces similar pressure to accept tariffs with selective exemptions like Europe.