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Eurodollar University
Trade Wars Have Begun, and Canada Has Gotten CRUSHED
Feb 4, 2025
The podcast dives into the explosive beginning of the 2025 trade wars, focusing on the crushing impact on Canada and Mexico. Strategic motivations for imposing tariffs are dissected, as the urgent need for negotiations becomes clear. The decline in Canadian two-year bond yields raises eyebrows, affecting investors and hinting at future rate changes. Historical comparisons illuminate how these trade wars can devastate global economies, with significant repercussions reminiscent of turbulent times in 2018 and 2019.
19:43
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Quick takeaways
- The imposition of significant tariffs has severely impacted Canadian markets, leading to a drastic decline in the dollar and economic instability.
- The U.S. trade strategy aims to leverage tariffs for negotiation advantages, risking long-term consequences on both local and global economies.
Deep dives
Impact of Trade Wars on Canada and Mexico
The recent trade wars have significantly affected both Canada and Mexico, with Canadian markets particularly vulnerable due to their high dependence on trade with the U.S. A 25% tariff on various goods from Canada and Mexico has caused financial turmoil, leading to a dramatic drop in the Canadian dollar and concerns about the automotive industry facing profitability challenges. In Mexico, the quick capitulation to trade demands reflects the already fragile state of its economy, which is facing cyclical pressures worsened by this new economic strain. The negotiations and concessions aimed at staving off tariffs indicate a recognition of the severe economic risks posed by these trade conflicts.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode