For someone who thinks he’s “the king of the deal”, Trump sure sucks at negotiating. Did you know that Canada provides more crude oil to the US than Mexico, Saudi Arabia and Iraq combined? And that’s just the tip of the (Canadian) iceberg. So, is Canada “ripping off” America, as Trump claims? Is the USA “subsidizing” Canadian lifestyles, or is it the other way around…? Canada has done a lousy job of beating our own drum when it comes to the beneficial impact we have on the US economy, and Prime Minister Mark Carney is on a mission to change that. Because the fact is, the US economy needs Canada. Let’s talk about it!
In Episode 137 of The Bill Kelly Podcast, host Bill Kelly discusses the critical trade issues between Canada and the United States, particularly in light of recent statements and policies from President Trump. He emphasizes the importance of understanding the economic interdependence between the two countries and the misinformation surrounding trade relations. Kelly critiques Trump's approach to tariffs and trade negotiations, highlighting the negative impacts on both economies and the challenges faced by Canadian officials in communicating these realities.
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CHAPTERS
00:00 Introduction to Trade Issues
02:55 The Reality of Canada-U.S. Trade Relations
05:50 The Impact of Tariffs on Economies
09:09 Negotiating with the Trump Administration
12:05 Conclusion and Future Outlook
FURTHER READING
Explainer: Why Canadian oil is so important to the United States: Complementary production in Canada and the U.S. boosts energy security
https://www.canadianenergycentre.ca/explainer-why-canadian-oil-is-so-important-to-the-united-states/
Canada's crude oil has an increasingly significant role in U.S. refineries
https://www.eia.gov/todayinenergy/detail.php?id=62664
Canada-U.S. Trade Tracker: Examining our economic integration and the risks of tariffs
https://businessdatalab.ca/canada-u-s-trade-tracker/
How Trump’s tariffs expert made up a fake expert for his book ‘Death By China’
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