• Tariff pause, buy Canadian, anti U.S. sentiment and more

  • Feb 3 2025
  • Length: 26 mins
  • Podcast

Tariff pause, buy Canadian, anti U.S. sentiment and more

  • Summary

  • The White House has paused tariffs on Canada and Mexico for 30 days. The dramatic turnaround came after phone calls between U.S. president Donald Trump and the leaders of Canada and Mexico. Prime Minister Justin Trudeau says Canada will take several measures to combat illegal immigration and drug trafficking, including appointing a “fentanyl czar”, listing cartels as terrorists, and launching joint strike force with the U.S. to combat organized crime.


    The uncertainty may be over for now, but Canadian anger is still there. Canadians have been responding to the tariff threat by rejecting U.S. products. The “Buy Canadian” movement is gaining steam, and some are hoping it will continue, no matter what happens next.


    The anti-U.S. sentiment is brewing in other arenas as well – literally. Fans are booing the American anthem at NHL and NBA games. We look at the cracks in what – until now – has been a strong international relationship.


    The markets took a bit of a hit, as did the Canadian dollar – dropping to its lowest level in two decades. But both rebounded - even before the news of the pause. We’ll have more with our senior business correspondent.


    And Trump isn’t only targeting North America and China – he is threatening tariffs on the European Union as well. EU leaders meeting in Brussels say a tariff war makes no sense, and would be bad for all sides.

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