The Jerry Agar Show Who wins in a trade war?
Feb 3, 2025
Sabrina Nangie, a political reporter at Queen's Park Observer, joins Tim Hudak, former leader of the Progressive Conservative Party and economist, along with Daniel Tisch, CEO of the Ontario Chamber of Commerce. They dissect the political ramifications of ongoing trade tensions, especially between Canada and the U.S. The trio dives into how tariffs affect Ontario politics and industries like automotive, emphasizing the need for transparent dialogue in democracy. They also tackle the mixed impacts of free trade on local economies and the importance of strategic collaboration to manage these trade tensions.
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Trump's Negotiation Tactics
- Tim Hudak, an economist and former Ontario PC leader, believes Trump's tariff threats aim to achieve specific concessions.
- These could include increased Canadian defense spending, reduced trade barriers, and a stronger immigration system.
Free Trade's Impact
- Free trade benefits consumers through competition and lower prices, according to Tim Hudak.
- However, it can create winners and losers within an economy.
Diversification Strategy
- Diversify trade partners, especially with energy resources, advises Jerry Agar.
- Canada could have supplied natural gas to Europe during the Russia-Ukraine conflict.