It’s a mistake to think that Canada and any team of trade allies we can muster will be able to force the US to back down from Trump’s tariffs. Certainly not in the short run.

The US is committed to tariffs.  They know it’s going to create hardships.  They know some businesses are going to fail.  They know some people are going to lose jobs.  They know products are going to cost more.  It’s not that they don’t care about hardships.  They are committing to see if they can withstand these hardships in order to reacquire a lot of the manufacturing jobs that left America over the last three or four decades.

And it’s not all about jobs either.  It’s also about critical industries that have vacated America. It makes no sense that the US would rely on China for pharmaceuticals and rare earth minerals.  Yet that situation is exactly where America finds itself in 2025.

If you’d like a deeper understanding of what is unfolding around the world, this podcast is an absolute ‘must’.