Power & Politics: Election Daily
Trump says tariffs are hours away. Is he serious this time?
Mar 3, 2025
Mary Ng, Canada’s Minister of International Trade, shares insights on the urgent response to Trump's impending tariffs that threaten economic relations with Canada and Mexico. Arseniy Yatsenyuk, former Ukrainian Prime Minister, discusses the potential ramifications of weakened U.S. support for Ukraine amidst ongoing conflict. The dialogue navigates the complexities of international trade, market impacts, and the geopolitical stakes, highlighting the need for strategic diplomacy in turbulent times.
48:09
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Quick takeaways
- The looming 25% tariffs on Canadian goods threaten the economy, potentially causing job losses and increased consumer prices.
- Canada's growing wave of patriotism is influencing consumer behavior, driving increased support for locally produced goods and talent.
Deep dives
Canadian Patriotism and Preference for Local Goods
There is a growing wave of Canadian patriotism that influences consumer behavior, with Canadians increasingly seeking locally produced goods. This trend highlights a desire for products that reflect national pride, extending even to media such as podcasts. This surge in Canadian identity plays into a broader narrative of promoting domestic products and talent, suggesting potential benefits for Canadian creators and businesses alike. It reflects a shift towards valuing the local economy and fostering a sense of community through support for homegrown enterprises.
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