Hub Podcasts Trump's tariff tantrum
Jul 11, 2025
Hosts analyze President Trump's recent threat of 35 percent tariffs on Canadian exports and what it means for trade negotiations. They discuss the motivations behind these tariffs and their impact on Canada's supply management system. The conversation explores the challenges of dealing with unpredictable leadership and how it complicates diplomatic relations. Additionally, they consider pressing economic issues in Canada, including the rising calls for tax increases to manage budget deficits amidst ambitious spending promises.
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Trump's Tariffs as Reindustrialization Strategy
- President Trump's proposed 35% tariffs aim to incentivize manufacturing relocation into the U.S. by making the U.S. market more attractive.
- This strategy is part of a broader economic approach to re-industrialize U.S. blue states important for electoral success.
Supply Management as Trade Stumbling Block
- Supply management is a major sticking point in U.S.-Canada trade talks, with the Trump administration viewing it as a non-negotiable.
- Canada faces tough choices balancing supply management protection and broader economic trade-offs in negotiations.
Tariff Threat Limited in Scope
- The threat of 35% tariffs applies mainly to non-compliant USMCA goods, not the majority of Canadian exports to the U.S.
- This suggests the tariff threat is partly a negotiation tactic or signaling rather than an across-the-board tariff imposition.