The News Agents - USA Is Trump about to ditch his tariff fiasco?
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May 7, 2025 Doug Sosnik, a senior advisor to President Clinton, dives into the shifting landscape of U.S.-Canada relations under Trump. He discusses the implications of Trump's tariffs, which have led to rising prices for American consumers and sparked debates about economic self-harm. The conversation also covers how these economic factors are impacting Trump's approval ratings and his party's fortunes. With insights into political dynamics and voter behaviors, Sosnik sheds light on whether Trump's polling decline could signal a turn in Republican strategies.
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Canada's Firm Sovereignty Stance
- Mark Carney reminded Trump that Canada is "never for sale" as a 51st state, highlighting Canada's firm stance on sovereignty.
- Tariffs and trade tensions have caused deep antipathy from Canada towards the US under Trump, affecting tourism and business relations.
Canada's Economic Leverage on US
- Mark Carney subtly signaled economic leverage by implying Canada could sell US debt holdings to affect the American economy.
- Trump folded on tariffs partially due to this unspoken economic pressure, showcasing financial interdependence.
Misunderstanding of Trade Deficits
- Trump inaccurately frames trade deficits as countries "owing" America, which is economically illiterate.
- Canadians are increasingly boycotting US tourism due to displeasure with Trump's policies, hurting local American businesses near the border.