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Abbreviated Pundit Roundup: In Canada, Trump tariffs are a BFD and on Wall Street, today is FAFO [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-02-03
John Turley-Ewart/Globe and Mail (it’s the lead story in Canada):
How are we so befuddled at U.S. tariffs, when it’s all been so obvious?
We will need to come to terms with the fact that the U.S. will assess its relationship with us based on a criteria matrix that includes, as Mr. Miran suggests, if Canada “opens its markets to U.S. firms in the same way America opens its markets to foreign firms operating stateside.”
This has implications for Canadian agricultural supply management, the telecom sector, restrictions on investments, service barriers to online streaming and barriers to digital trade such as the digital service tax.
Importantly, Canadian leaders will urgently need to make the case to the U.S Administration that a “beggar thy neighbour” trade policy with Canada – which a U.S. tariff policy is – undermines Canada’s ability to “burden share” the security umbrella and support U.S. efforts to re-shore manufacturing by crippling the buying power of America’s largest export market.
There is a purpose and method behind the U.S. effort to restructure global trading systems. Understanding that purpose presents the quickest path to picking the best tools to defend Canada while preserving the best elements of our trading relationship with the U.S.
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