Mark Rendell, an economics reporter for the Globe, delves into Trump’s recent 'Liberation Day' tariffs that have stirred confusion worldwide. He explains how these new reciprocal tariffs are meant to combat unfair trade practices, while Canada and Mexico may escape some penalties under USMCA. The discussion highlights the escalating trade war's implications for countries like China and the UK, and the potential retaliatory actions that could further unravel international trade relations.

Mark Rendell, an Economics reporter for The Globe and Mail, dives into how President Trump's tariff policies reflect a zero-sum trade philosophy. He discusses the economic nationalist viewpoint, emphasizing tariffs as a strategic response to China’s influence. Rendell also examines the broader implications of these policies on U.S. manufacturing and trade deficits. The conversation highlights the historical shift towards protectionism and Canada's potential role in the evolving trade landscape.