Some think Trump backed down Canada with their recent rescinding of tariffs, but I think that is dead wrong.
IMO, I think Carney is being strategic. By rescinding the tariffs, Canadians will pay less, and he is playing the long game, by building an army of allies, and a war chest to challenge Trump later.
I think Carney is one of the smartest leaders in the world today!
And lucky for the free world as we now look north for moral clarity.
He knew it would be painful to go head to head with Trump right now with big tariffs, so instead he is humoring Trump, biding his time, while he signs one trade agreement after another with the world.
Just as Trump has been withdrawing the US from fair trade agreements and bullying the world, Carney is filling the vacuums with new free trade deals.
Every single Nordic country is now knee deep in Canada, as is much of Europe, and Asia. Especially countries like Germany, France, Japan, South Korea, Singapore, Viet Nam, Australia, and much of South America and Mexico.
Notice below how Trump withdrew from the TPP agreement in 2017 that Obama set up.
That was really dumb!!
Below are a couple of videos that do a good job explaining much of it, IMO.
AI Overview
No, Canada was not an original party to the earliest agreement that led to the Trans-Pacific Partnership (TPP)
. The original deal, known as the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP or P4), was signed by only four countries in 2005.
Here is a timeline of Canada's entry into the trade deal:
- 2005: Brunei, Chile, New Zealand, and Singapore signed the TPSEP.
- 2008: The United States joined negotiations, expanding the agreement. Other countries, including Australia, Vietnam, and Peru, also joined over the next several years.
- 2012: Canada officially joined the TPP negotiations.
- 2016: The 12-member TPP, including Canada, was formally signed. However, the agreement never entered into force because the U.S. withdrew in 2017.
- 2018: The remaining 11 members, including Canada, signed a revised version called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP entered into force for Canada and five other countries on December 30, 2018.
Here are a couple of videos.
Sept 1 Shock: Why Canada Rolled Back U.S. Tariffs.
Canada’s Trade Revolution: How Tariffs Backfired on the USA |
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