Part 6/9:
Rosenberg also addressed the political environment influencing these economic uncertainties. He noted the challenge of getting the ear of decision-makers, specifically Trump in this context. He suggested that the best way to shift Trump’s political focus and thereby alleviate some pressure on the economy may be to find ways to drive his approval ratings down, as discontent from constituents could shift the political landscape.
He further elaborated on the importance of aggressive fiscal measures from the Canadian government as a counterbalance to economic strains caused by U.S. tariffs. Highlighting Canada’s fiscal position as relatively robust compared to that of the U.S., he argued for potential fiscal stimuli to cushion the blow of impending economic strain.