Joseph Steinberg

Joseph Steinberg, an economist from the University of Toronto specializing in trade and macroeconomics, dives into the mixed impacts of Trump's tariffs. He reveals how these policies could help low-tech sectors like toy manufacturing while hurting higher-value industries such as automobiles. Steinberg also discusses the broader implications for Canadian manufacturing and the complexities of job creation versus loss, illustrating the nuanced trade-offs that come with increasing tariffs. Get ready to rethink the effects of these economic policies!

Joseph Steinberg, a professor of economics at the University of Toronto, dives into the potential fallout if Canada doesn't strike a trade deal with the U.S. by the looming August deadline. He examines the fiscal crisis that could arise from the One Big Beautiful Bill Act and discusses the complexities of tariffs and their implications for U.S.-Canada relations. Steinberg also unpacks how consumer sentiment and political perceptions intertwine with tariffs, and he offers insights into the delayed effects on inflation caused by Trump's trade policies.

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.