Show Notes
Trade deal talks between the US and Canada just collapsed, and Mark Carney has confirmed that the two countries are in a trade war. Many Canadian politicians are now threatening to cut off energy flowing into the US, but there’s just one problem. Doing so would cripple more than half of Canada too.
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00:00 – Trump declares a trade war on Canada 01:58 – What tariffs are actually good for 05:48 – Canada wants the benefits of being a US State, without being one 08:58 – Why this is really about China and Iran 11:07 – Luxury beliefs, and who pays for them 15:22 – Why tariffs don't make a country richer 20:40 – What's actually being tariffed 23:33 – How Chinese steel becomes a North American car 30:01 – Ontario threatens to cut off the energy 32:09 – The pipeline they cancelled, and the leverage they lost 41:19 – How long until somebody flinches? 44:01 – The demand that actually broke the talks 48:47 – The conversation Canada didn't want to have 57:23 – Why everyone is waiting on the midterms Learn more about your ad choices. Visit megaphone.fm/adchoices
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