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What is Trump's tariff endgame?
Feb 4, 2025
Guest host Jonathan Montpetit teams up with CBC Washington correspondent Alex Panetta, an expert in U.S.-Canada trade relations. They delve into the recent tariff pause on Canadian goods and discuss Trump’s unpredictable tariff strategies. The conversation highlights historical contexts, contrasting past protectionist policies with today's mixed messages. They also explore provocative ideas like Canada potentially becoming the 51st state, reflecting on political ramifications and the need for Canada to bolster its own capabilities in the face of U.S. pressures.
29:06
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Quick takeaways
- The temporary delay of tariffs on Canadian goods reflects ongoing negotiations influenced by U.S. economic policy and border security measures.
- Trump's historical emphasis on tariffs indicates a strategic approach to reshape trade relations, impacting both domestic and international economic dynamics.
Deep dives
Impact of Recent Tariff Talks
Recent discussions between Canada and the U.S. have resulted in a temporary delay of significant tariffs on Canadian goods, which were initially set to take effect. The 25% tariffs, along with a 10% tariff on energy products, have been postponed for at least a month, as Canada agrees to implement border measures, including a billion-dollar plan to address the fentanyl crisis. Despite a minor concession, the overarching concerns surrounding trade deficits and structural issues in Canadian exports remain contentious. The dialogue highlights ongoing tensions, with President Trump’s historical inclination towards tariffs surfacing amid broader economic negotiations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode