Saturday, May 31, 2025
No Result
View All Result
CNAPS.org
  • Home
  • About
    • Why CNAPS ?
    • Advisory Council
    • Our Impact
  • Our Work
  • Contact
  • Home
  • About
    • Why CNAPS ?
    • Advisory Council
    • Our Impact
  • Our Work
  • Contact
No Result
View All Result
CNAPS.org
No Result
View All Result

How to respond to Trump’s tariff provocations: Jack Mintz in the Financial Post

Retaliation involves self-harm and diversification isn't easy. A re-worked deal with the U.S. is probably our best bet.

April 4, 2025
in Media, North America
Reading Time: 5 mins read
A A

This article originally appeared in the Financial Post. Below is an excerpt from the article.

By Jack Mintz, April 4, 2025

We now know what Donald Trump’s “Liberation Day” means: an American tariff wall. For the rest of the world, that means “Economic Disaster Day.” Once these tariffs become imbedded for any length of time, protected industries will lobby hard to keep them.

Liberation Day should not have been a surprise. As I wrote here Jan. 17, the Trumpians have three motivations for tariffs: raising revenue, driving manufacturing to the U.S. for economic and national security reasons, and correcting trade imbalances. All three motivations featured in Wednesday’s announcement.

At the Rose Garden event, Trump announced a uniform 10 per cent tariff rate on imported goods, a 25 per cent tariff on imported automobiles, and reciprocal tariffs that are one-half of “an effective tariff rate” that supposedly would drive the U.S. trade deficit with a country to zero. Canada is exempt from the uniform and reciprocal tariffs, which is at least something, but will be affected by levies on aluminum, steel, non-CUSMA automobiles and parts, energy and potash — with more possibly coming.

***TO READ THE FULL ARTICLE, VISIT THE FINANCIAL POST HERE***


Jack Mintz is the President’s Fellow at the University of Calgary’s school of public policy and a distinguished fellow at the Macdonald-Laurier Institute.


The author of this piece has worked independently and is solely responsible for the views presented here. The opinions are not necessarily those of the Macdonald-Laurier Institute, its directors or supporters. The Macdonald-Laurier Institute is non-partisan and neither endorses nor supports candidates or political parties. We encourage our senior fellows to comment on public policy issues, including during election campaigns, but the publication of such expert commentary should not be confused with the institute taking a position for or against any party or candidate.

Source: Financial Post

Related Posts

How Did Trump Impact the Canadian Election? Brian Lee Crowley on American Thought Leaders
National Security and Defense

How Did Trump Impact the Canadian Election? Brian Lee Crowley on American Thought Leaders

May 15, 2025
The future of U.S.-Canada minerals cooperation: Heather Exner-Pirot on CSIS Americas
Economy and Trade

The future of U.S.-Canada minerals cooperation: Heather Exner-Pirot on CSIS Americas

May 14, 2025
How Did Trump Impact the Canadian Election? Brian Lee Crowley on American Thought Leaders
Media

How Did Trump Impact the Canadian Election? Brian Lee Crowley on American Thought Leaders

May 10, 2025
Next Post

Trump can have a strong North America or tariffs, not both: Jamie Tronnes & Christopher Coates in Real Clear World

Center for North American Prosperity and Security

The Macdonald-Laurier Institute (MLI) is a non-partisan 501(c)(3) organization in the US and a registered charity in Canada. CNAPS is a division of MLI.

© 2023 CNAPS. All rights reserved.
  • Home
  • About
  • Our Work
  • Contact

The Center for North American Prosperity and Security is a project of the Macdonald-Laurier Institute, Canada’s leading public policy think tank.

No Result
View All Result
  • Home
  • About
    • Why CNAPS ?
    • Advisory Council
    • Our Impact
  • Our Work
  • Contact

© 2023 CNAPS. All rights reserved.