What Trump wants to gain from his latest tariff threat

Joseph Steinberg, an economics associate professor at the University of Toronto, dives into Trump's recent tariff threats against Canada. He explains how these tariffs are more about negotiation leverage than actual production shifts. Canada isn't uniquely targeted; other countries are similarly affected. Steinberg highlights that despite the proposed 35% tariff, many imports might still qualify for exemptions under the USMCA, limiting their impact. He also discusses the strategic nature of these tariffs and their long-term effects on production decisions.