Trump’s War on Canada ESCALATES as New Bans Take Effect
episode
Raging Moderates with Scott Galloway and Jessica Tarlov
45 min
6 speakers
8 chapters
transcribed 1 hour ago
Transcript
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What is the main topic discussed in this episode?
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Welcome to Raging Water. I'm Scott Galloway.
And I'm Jessica Tarliff.
Before we get started, we're thirty six days out into the midterms. Make sure to hit subscribe to support our show and help reach new audiences. All right, let's bust into it.
How do Canada’s new trade bans affect trade relations and Canadian sovereignty?
The Canadian trade war is set to escalate this week with outright bans on Canadian goods, including alcoholic beverages, motorcycles. And way that kick in tomorrow. Jess, even though there are outright bans here versus just tariffs, this likely won't hit the Canadian economy as hard as the tariffs earlier in September. What do you think the intended effect is here? And does Canada have any reason to come to the table?
I mean, they still have A financial reason to want to come to the table, but they have a pride and sovereignty reason not to. And they're going with that. And I respect it. The whole world, except for us, seems to be in big time respect Mark Carney and what he's doing mode. And what I thought was really interesting, and I hadn't seen this before, is that now the Canadian government is giving grants to Canadian businesses to help. them find new partners so that they can work around having to be dependent on us. So for instance, there's this company, Excelivant, makes temperature sensors used to produce computer chips. Obviously Canada and the United States had it had a vested interest in not having to rely on Asia.
for these things and the product goes back and forth between the US and Canada, much like cars, and the Canadian government gave them a million dollars. And they said, you know, you we have to adapt to these new circumstances. And I don't think that they would be making this kind of investment. So they're taking a financial hit and then they're spending more so that they don't have to be dependent on us or continue this relationship. And obviously, you know, this is future-proofing for at least the next two years of the Trump administration. But I think that this is, you know, they're making their long-term plans because they're not going to waste their time on all of these new financial relationships, these new diplomatic relationships, these new defense and military relationships, unless they think that the long-term horizon
is a world in which we are a partner, but a much degraded one. And uh I don't know that Seeing the Canadian government giving out money to help their businesses not have to work with us. I it hit really hard.
Yeah. It definitely feels as if the ban is I would argue the ban is performative, not economic. Single digit billions in a trading relationship that depend on how you account for it is somewhere between half a trillion and three quarters of a trillion. It's it's it's kind of like it's a restraining order on a neighbor who, you know, keeps bringing you casserole so it just feels very performative and not gonna have a a big impact. You know, on for example on motorcycles, they're basically Canada exported about five thousand motorcycles in total last year.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:01–1:18
2
How do Canada’s new trade bans affect trade relations and Canadian sovereignty?
1:18–5:33
3
How are Trump’s tariffs raising prices and weakening confidence in the U.S. economy?
5:33–7:43
4
Could Republican AI-generated videos backfire with voters worried about artificial intelligence?
7:43–10:30
5
Why did Trump meet Anthropic CEO Dario Amodei after blocking the company from Pentagon contracts?
10:30–22:14
6
Is Trump’s Iowa steel plant announcement an economic plan or a political photo op?
22:14–27:17
7
How could Iowa’s steel investment and trade policies affect the midterm elections?
27:17–32:15
8
Can Trump use taxpayer-funded campaign ads during SNL and NFL broadcasts?
32:15–45:38
Speakers
6 identifiedMore from Raging Moderates with Scott Galloway and Jessica Tarlov
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