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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Quick takeaways
- Trump's tariffs have led to significant economic losses and job reductions in Canada, emphasizing their disruptive impact on global trade.
- The evolving dynamics among global powers indicate a potential shift towards regional trade systems, altering traditional U.S.-centric economic relationships.
Deep dives
Impact of Trump's Tariffs on World Trade
The introduction of tariffs by Donald Trump has been characterized as a significant attack on the existing global trade system, with potential long-term repercussions. Economists suggest that nations may respond by seeking trade opportunities independent of the United States, creating new economic alliances and partnerships. For instance, Canada and Mexico have urgent motivations to negotiate favorable deals while navigating the imposed tariffs, which could influence their trade relations. Overall, the uncertainty surrounding Trump's policies raises questions about the future of free trade and the possibility of a more fragmented global economy.
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