Economist Podcasts Man of steel, and aluminium: Carney talks trade with Trump
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Oct 7, 2025 
Hal Hodson, America editor at The Economist, discusses Mark Carney's mission to ease Canada's economic woes by negotiating with Trump on tariffs and his broader strategy for trade diversification. Avantika Chilkoti, Global business correspondent, dives into the booming world of live-stream shopping, exploring its addictive nature and the blending of social media with retail. She highlights how platforms like TikTok are changing shopping habits and what regulators are doing to address the potential for consumer addiction.
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Carney Seeks Immediate Relief And Long-Term Pivot
- Mark Carney aims to secure short-term tariff relief from the US while pursuing a long-term economic pivot for Canada.
- He believes the US has permanently changed and Canada must diversify trade and deepen internal reform.
Build Internal Markets And Export Infrastructure
- Carney proposes liberalising interprovincial trade and building infrastructure to boost GDP and reduce US dependence.
- He argues removing internal barriers and investing in ports, pipelines and minerals will offset lost US market access.
Forge A Bloc Of Free Traders
- Carney wants to knit Europe and the CPTPP into a larger free-trade coalition to counterbalance China and the US.
- He aims to unite like-minded free traders to gain leverage on global trade practices.