Macro Hive Conversations With Bilal Hafeez
Ep. 303: Mirza Baig on Trump’s Trade Strategy, China Risks and Canada’s Dilemma
Apr 11, 2025
Mirza Baig, a seasoned forex researcher and trader with over 20 years of experience, shares his insights on the intricate dynamics of global finance. He discusses Trump's targeted trade strategies towards Canada and the complexities of U.S.-Canada relations. With a focus on the escalating U.S.-China trade war, Mirza analyzes the shifting global alliances and the implications for currency stability, particularly the yuan. He also explores potential recession impacts on businesses, providing a deep dive into ongoing economic uncertainties.
46:32
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Quick takeaways
- Trump's aggressive trade stance towards Canada, fueled by personal animosity towards Trudeau, reveals significant implications for Canadian-U.S. relations.
- The ongoing trade war with China underscores Beijing's weakened bargaining power, highlighting its failure to form strong international coalitions against U.S. tariffs.
Deep dives
Trump's Focus on Canada
The conversation highlights Trump’s intense focus on Canada, largely stemming from his personal dislike for Prime Minister Trudeau. Trump recognized rising dissatisfaction in Canada regarding Trudeau's policies and capitalized on it by adopting an aggressive stance towards Canadian trade. This relationship dynamic shifted significantly after tariffs were threatened, which underscored a perception of vulnerability on Trudeau’s part. Ultimately, while some Canadians may resonate with Trump’s rhetoric, broader support for closer ties with the U.S. is notably limited.
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