Part 7/8:
Broader Implications for U.S.-Canada Trade Relations
This episode highlights the fragility of international trade relations, especially between two close allies whose economic ties are deeply intertwined. Experts warn that engaging in retaliatory tariffs and aggressive rhetoric can trigger a trade war—a situation characterized by mutual retaliation, economic downturns, and job losses.
Historically, protectionist policies have only offered short-term advantages before leading to market shrinkage, industry closures, and unemployment. There is a growing acknowledgment worldwide that promoting fair and free trade, rather than erecting barriers, is the best path to prosperity for all nations.