Undercurrents Canada's Mark Carney passes the first Trump test
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May 7, 2025 The discussion highlights Mark Carney's diplomatic charm in a friendly meeting with Donald Trump. They analyze the intricate dynamics of trade negotiations between Canada and the U.S., emphasizing Canada's strategic responses to American pressures. The podcast also touches on the unpredictability of tariffs and the broader implications for international trade relations. Throughout, humor and political insight blend seamlessly, making for an engaging exploration of U.S.-Canada relations and global market dynamics.
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Carney's Diplomatic Rejection of Trump
- Mark Carney firmly but politely rejected Trump's idea of Canada becoming the 51st state.
- The meeting was friendly, with mutual respect and strategic flattery from both sides.
Trump's Tariff Stance Explained
- Trump remains firm that tariffs on Canada will not be lifted as a matter of principle.
- Carney understands tariffs may stay but aims to negotiate the best deal possible under these conditions.
Trump's Unconventional Trade Deal View
- Trump described trade deals as price-setting for access to the U.S. market rather than traditional signed agreements.
- This approach adds uncertainty, complicating long-term investments and market certainty.