US President Donald Trump has hit back at Canada’s retaliatory tariffs on US products saying they were ‘foolish’ to think they could win a trade war with him. Trump also posted on his social media platform that Canada was trying to get the ‘benefits of being a State, without being one’. On Saturday Canadian Prime Minister Mark Carney told reporters that the US and Canada were engaged in a trade war, saying ‘you are at war when you get attacked’. Carney has repeatedly vowed to match US tariffs ‘dollar for dollar’. With insights from Wendy Cutler, Senior Vice President at the Asia Society Policy Institute (ASPI).
Chapters:
00:00 Introduction: Trump and Carney trade barbs as tariff battle escalates
00:36 Wendy Cutler, former negotiator in the Office of the U.S. Trade Representative
01:29 Is Mark Carney making a strategic mistake?
02:22 Who holds the leverage: Washington or Ottawa?
03:44 How Canada’s targeted tariffs could affect U.S. politics
04:22 Most likely paths to de-escalation
05:15 Why diplomacy will be needed to reach a deal
06:01 How Trump and Carney’s relationship affects negotiations
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