Big Take

Tariffs Could Hit Canada Soon. Its Ex-Finance Minister Wants to Hit Back

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Jan 28, 2025
Chrystia Freeland, former Canadian finance minister and deputy prime minister, offers a bold perspective as she aims to replace Justin Trudeau. She discusses her resignation, which sent shockwaves through Canadian politics, criticizing Trudeau's lack of preparedness for a potential Trump presidency. Freeland dives into the implications of looming tariffs and the need for a strategic response, emphasizing Canada's economic resilience. She also reflects on the importance of reconnecting with grassroots supporters for a stronger political foundation.
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ADVICE

Preemptive Retaliation

  • Canada should respond to Trump's tariff threats proactively by preparing a retaliation list.
  • This list should be extensive and publicized to pressure U.S. businesses and influence Trump.
INSIGHT

Trump's Negotiating Style

  • Trump is underestimated, and his negotiating style responds to strength, not weakness.
  • Capitulation is ineffective; demonstrating resolve is crucial when dealing with him.
ANECDOTE

Dinner with Trump's Confidant

  • Freeland recounts a conversation with a source close to Trump.
  • The source revealed Trump's satisfaction with countries preemptively conceding to his demands before he even took office.
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