After months of negotiation and weeks of uncertainty, Canada and the United States are in the middle of a trade war. What will this mean for the Canadian economy? Why would we retaliate? How will we feel the ripple effects of both American tariffs and retaliatory tariffs in the weeks and months to come? Professor Ian Lee from Carleton University explains what tariffs are and what are the consequences of a trade war?
00:00 Introduction to US-Canada Trade War
00:40 What Are Tariffs and How Do They Work?
01:25 How Tariffs Affect the Canadian Economy
03:35 How Tariffs Affect Canadian Jobs and Unemployment
04:13 Tariffs Leading Canadian Companies to Move to the US
05:00 Long-Term Effects of US Tariffs on Canada's Economy
05:34 How a Trade War Could Lead to a Canadian Recession
06:48 Why Canada Chooses Retaliatory Tariffs Despite Risks
08:30 How The Trade War Affects Both Economies
09:10 Learning From Past Retaliatory Tariffs
10:30 What's Next for US-Canada Trade Relations?
About Unravelled
Unravelled is TVO Today’s digital video series where we clarify complex issues that shape our lives. Join us online to make sense of what’s happening now. Subscribe on YouTube for the latest episodes: YouTube.com/@tvotoday
Stay up to date with Ontario Politics every day: https://www.tvo.org/
Follow TVO Today on social media:
Instagram: https://www.instagram.com/theagendatvo/
Twitter: https://twitter.com/TheAgenda
Threads: https://www.threads.net/@theagendatvo
BlueSky: https://bsky.app/profile/tvotoday.bsky.social
Subscribe to TVO Today on YouTube: YouTube.com/@tvotoday
Subscribe to TVO Media Education Group newsletters: https://www.tvo.org/newsletters
Get the TVO Today app:
App Store: https://apps.apple.com/ca/app/tvo-today/id1616182112
Google Play https://play.google.com/store/apps/details?id=org.tvo.tvomediaapp&pli=1
#Tariffs #TradeWar #USCanadaRelations