Hub Podcasts David Frum: The Trump-Carney face-off
May 8, 2025
David Frum, a prominent author and journalist, shares insights on Prime Minister Mark Carney's inaugural meeting with President Trump, revealing its implications for U.S.-Canada trade negotiations. The discussion highlights Trump's unexpected comments on consumerism and tariffs, the intricate dynamics of their relationship amid political tensions, and the shifting landscape of Canada-U.S. trade policy. Frum also explores how personal relationships influence economic decisions, cautioning against aggressive trade tactics that could harm international alliances.
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Trump's Superficial Trade Deal Strategy
- Donald Trump's approach to trade deals focuses on quick, symbolic wins rather than substantive agreements.
- This may satisfy his ego but won't actually improve global trade or the American economy.
Risks of Bilateral Trade Focus
- A bilateral Canada-US trade agreement could become a customs union where the US dictates tariff rules.
- This risks Canada adopting protectionist policies against countries like China and India, limiting global free trade.
Delay Trade Deal If Necessary
- If Canada must accept the US tariff regime, it should delay the deal to 2026 to allow Trump's pressure to ease.
- Use the negotiation period flexibly with a relaxed approach to improve outcomes.