Rudyard Griffiths and Sean Speer discuss the current state of the Canada-U.S. trade deal in this Hub Hit, arguing that it represents a fundamental shift from free trade to managed trade with permanent tariffs. They examine why Canada delayed negotiations only to accept terms similar to those secured by Europe and Japan months earlier. Subscribe to The Hub’s podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Alisha Rao - Producer and Editor Rudyard Griffiths and Sean Speer - Hosts Adrian Wyld/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.

Did Carney cave to Trump on the trade deal?

Hub Podcasts

It's Friday, the 21st of August, and it looks like we're starting to get some outlines of a possible trade deal between Canada and the United States. To cap up and wrap up the week, Sean Speer, co-founder and editor-at-large, joins me for this discussion on everything trade-related and then exclusively for Hub Heroes and Hub Fellows.

I'm going to drill down, Sean, are we not, into, I don't know, just some weirdness happening amongst so-called conservative policymakers when it comes to embracing and loving subsidies of every type, shape, and form. What the heck is happening to the conservative movement in Canada? That exclusively, again, for Hub Heroes and Hub Fellows on the back half of today's show. So, Sean, let's start with the trade stuff. What are you hearing this morning?

Yeah, according to reports, Rudyard Griffiths, the deal that seems set to be announced imminently in the coming days will establish a new baseline, a new baseline of tariffs on key sectors like auto, steel, etc.

You know, if you pull back a bit and think about the Trump administration's argument over the past year or longer and try to steel man it, you know, that is to say, try to separate the signal from the noise. The argument has essentially been that the U.S.

The argument has essentially been that the U.S. market is so attractive to America's trading partners that countries like Canada would be willing to essentially accept ongoing tariffs in exchange for access to their markets, that there was a kind of premium that we would pay in order to get to the U.S. In Europe, Japan and elsewhere, that premium seems to be about 15 percent.

Did Carney cave to Trump on the trade deal?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Did Carney cave to Trump on the trade deal?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.