How Trump is pouring gas on the fire of deglobalization
Down to Business talks to a trade expert who says the world is on cusp of new trade order
Donald Trump is back in the White House as United States president, and so are his trade wars.
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He started off by threatening to put 25 per cent tariffs on Canadian and Mexican exports to the U.S., which most economists said would be terrible news. At the 11th hour, Trump pulled back and said he’d wait 30 days, but then he quickly turned around and said he would impose 25 per cent tariffs on all steel and aluminum in March.
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Canada just happens to be the biggest supplier of both metals to the U.S., so economists continue to question what purpose the tariffs will serve.
To make sense of what’s happening, Down to Business is bringing you conversations with experts on these issues.
My guest on this episode is Meredith Lilly, a professor and Simon Reisman chair at the Norman Paterson School of International Affairs at Carleton University in Ottawa, who worked as a trade adviser under former prime minister Stephen Harper.
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• Email: gfriedman@postmedia.com | Twitter: GabeFriedz
