LILLEY: Trade wars aren't won by matching punch for punch, Carney’s rhetoric has a price
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“You’re at war when you get attacked. We got attacked,” Mark Carney said after trade talks collapsed and the United States imposed more tariffs on us.
LILLEY: Trade wars aren't won by matching punch for punch, Carney’s rhetoric has a price Back to video
His words caught the mood of the country. Patriotic. Defiant. And ultimately, a cover for a bad policy.
“Canada will match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses,” Carney declared.
That sounds good. It sounds like the right political move, especially for a smaller country like Canada going up against a much bigger country like the United States.
Tough talk, tougher reality
The call for retaliatory tariffs, which Canada will impose this coming Tuesday, frustrates Professor Eric Kam from the economics department at Toronto Metropolitan University. He describes the call for dollar-for-dollar tariffs as making politicians sound tough when they have nothing to back it up.
“It really makes me wish that they........
