The Big Story
An inside look at how the feds are dealing with the onslaught of American threats
Jan 24, 2025
François-Philippe Champagne, the Minister of Innovation, Science and Industry of Canada, dives into the complex aftermath of the recent U.S. presidential inauguration. He discusses the Canadian government's strategies to tackle potential tariffs and the looming threat of becoming the '51st state.' The conversation explores the critical interdependence of U.S.-Canada trade and the urgency of adapting Canada’s electric vehicle initiatives amid shifting U.S. policies. Additionally, he addresses the ongoing liberal leadership race and its implications for responding to global challenges.
22:38
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Quick takeaways
- Minister Francois-Philippe Champagne emphasizes Canada's strategic readiness to respond to potential U.S. tariffs on Canadian goods, highlighting its integrated trade relationship.
- The podcast discusses Canada's opportunity to renegotiate the North American trade pact, emphasizing the importance of strength and ambition in these negotiations.
Deep dives
Canada's Response to Tariff Threats
The possibility of 25% tariffs imposed by the U.S. on Canadian goods has prompted a strong response from Canada, with assurances that the government is prepared. Canadian officials emphasize that a robust retaliation strategy is in place, recognizing the necessity of responding to any tariff impositions. Minister Francois-Philippe Champagne has highlighted the integrated nature of trade between the two countries, arguing that tariffs would raise costs for American consumers, thus impacting domestic interests in the U.S. The conversation underscores Canada’s confidence in its economic contributions and its readiness to engage strategically with the U.S.
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