Cato Daily Podcast Trump Trade Tactics against Canada and Greenland
Jan 23, 2025
Explore the intriguing dynamics of Donald Trump's trade and diplomatic strategies regarding Canada and Greenland. The discussion uncovers how presidential powers affect trade negotiations and the legal ramifications of tariffs. Historical tensions between the U.S. and Canada come to light, revealing how nationalist policies could threaten economic relations. Amidst the rhetoric, the podcast delves into the broader implications for international trade credibility.
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Episode notes
Trump's Trade Authority
- Donald Trump's intentions towards Canada, Greenland, and the Panama Canal are unclear.
- However, the executive branch's trade authority could be used to pressure these countries.
Presidential Tariff Authority
- The President possesses significant authority to raise tariffs, potentially even on Denmark.
- This could occur if Denmark resists transferring ownership of Greenland to the United States.
Trade Agreement Violations
- Tariffs imposed on Canada would violate the USMCA (the revised NAFTA).
- The threat to Canada may be less serious than those to Panama and Greenland.