The Bridge with Peter Mansbridge Can Anyone Stop Donald Trump On Tariffs? - Encore
Apr 9, 2025
Janice Stein, a Political Science professor and Director at the Munk School, shares her expertise on the monumental impact of Trump's tariffs. She highlights the trillions lost and thousands of jobs vanished in Canada. The conversation navigates the complexities of international trade, especially with Canada and the EU, and examines the challenges of negotiating under Trump's policies. Stein also discusses the geopolitical implications, especially concerning China, and the intricate relationships between nations impacted by these tariffs.
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Trump's Tariffs and Global Trade
- Trump's tariffs represent a significant attack on the global trading system built by the US.
- Countries will likely adapt by bypassing the US and strengthening trade relationships with each other.
The Risk of Dealing with Trump
- Trump's unpredictability makes signing trade deals risky, as he might renege on them later.
- Despite this, the USMCA offers some protection, as Trump has respected its boundaries regarding tariffs.
Chaos in the White House
- Trump's tariff decisions appear chaotic and driven by a small group of advisors.
- His core belief that trade deficits impoverish a country is fundamentally flawed.