Why Trump's 50 percent tariff threat may be overblown

Joseph Steinberg, professor of economics at the University of Toronto, analyzes President Trump's threat of 50 percent tariffs on certain Canadian exports. He argues the actual economic impact may be less severe than headlines suggest, as the tariffs would affect only a small portion of Canadian exports and major sectors remain exempt. Steinberg advocates for measured responses over retaliation, questions the effectiveness of Canada's alcohol embargoes against U.S. products, and suggests some U.S. complaints merit consideration during ongoing CUSMA negotiations.The Hub is Canada’s fastest growing independent digital news outlet.Subscribe to The Hub's podcast feed to get our best content when you are on the go:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Follow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Amal Attar-Guzman - ProducerAlisha Rao - Editor Rudyard Griffiths - HostChristopher Katsarov/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.