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As Canadian officials retaliate against the Trump administration's 25% tariff with its own set of import taxes, Pangea Policy Founder Terry Haines joins the Morning Brief to paint a clearer picture of the current trade relationship between North American countries.
"A lot of my Canadian sources say... that it's an advantageous time for the United States, but point out that that Canada really can't withstand, in the long term, a sustained tariff regime. So I imagine what we get here is possibly some mitigation of the tariffs if Canada and Mexico come up with more specific ways in which they can help the United States achieve its goals on [the] border and fentanyl."
US stock futures (ES=F, NQ=F, YM=F) were selling off this morning in response to President Trump's tariffs enacted against Canada, Mexico, and China over the weekend.
Haines tells Seana Smith and Brad Smith that a small market downturn "isn't going to bother" Trump or the administration's broader economic policy goals.
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This post was written by Luke Carberry Mogan.