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Will Trump's tariffs crush Canada?

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Manage episode 452345841 series 2455762
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It's time for Canada to pay "a very big price." That was the message from president-elect Donald Trump this week when he announced a 25 percent tariff on literally everything coming into the U.S. from Canada and Mexico. The tariffs will come into effect January 20th, Trump said, and stay in effect until "Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! "

This isn't the first time Trump has threatened to impose major tariffs or followed through on his threats. And while previous levies didn't last - but they were around long enough to be a thorn in the side of Canadian negotiators reworking The North American Free Trade Agreement.

So, is this most recent threat a negotiation ploy, political bluster or the first salvo in a trade war that could end in economic ruin?

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts

  continue reading

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Will Trump's tariffs crush Canada?

Front Burner

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iconJaa
 
Manage episode 452345841 series 2455762
Sisällön tarjoaa CBC. CBC tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

It's time for Canada to pay "a very big price." That was the message from president-elect Donald Trump this week when he announced a 25 percent tariff on literally everything coming into the U.S. from Canada and Mexico. The tariffs will come into effect January 20th, Trump said, and stay in effect until "Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! "

This isn't the first time Trump has threatened to impose major tariffs or followed through on his threats. And while previous levies didn't last - but they were around long enough to be a thorn in the side of Canadian negotiators reworking The North American Free Trade Agreement.

So, is this most recent threat a negotiation ploy, political bluster or the first salvo in a trade war that could end in economic ruin?

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts

  continue reading

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