A Zero-sum Game Is Not Part Of The Canadian Psyche
Bloomberg Businessweek|May 1 - May 7, 2017

Prime Minister Justin Trudeau talks to Bloomberg Editor-in-Chief John Micklethwait about trade, Trump, housing bubbles, and marijuana

John Micklethwait
A Zero-sum Game Is Not Part Of The Canadian Psyche

John Micklethwait: On April 18, Donald Trump went to Wisconsin and promised he would protect the dairy farmers against unfair trade. And he cited Canada in particular. And he also said for good measure, “We’re going to get rid of Nafta once and for all.”

Justin Trudeau: One of the challenges that we’ve seen in the rise of populist or nationalist politics around the world over the past years is a reflection that trade hasn’t always been great for everyone. Sometimes it has benefited only the top tier of any economy, certain multinationals, not smaller businesses. The issue, however, is if you end up going down a highly protectionistic route, if you end up creating barriers and tariff walls, you end up slowing down economic growth, and everyone ends up suffering, including and especially the middle class.

But in this particular case, he was trying to get rid of the milk subsidies that you give to Canadian dairy producers.

I understand that certain politicians are speaking to certain constituencies, that it’s politics. At the same time, the U.S. has a $400 million dairy surplus with Canada. So it’s not Canada that is the challenge here. And the way we approach our very constructive relationship with the United States on trade and on other things is to base it around the facts of the issues and a shared desire to see citizens on both of our sides of the border succeed. We know that trade, Nafta, the free and open trade between Canada and the U.S. creates millions of good jobs on both sides of the border. So we’re not going to overreact.

Every Canadian family pays several hundred dollars more in their annual milk bill because of the measures you have to support your dairy industry. Surely as a protector of the middle class, on this one thing you would admit that Donald Trump has a point.

Denne historien er fra May 1 - May 7, 2017-utgaven av Bloomberg Businessweek.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra May 1 - May 7, 2017-utgaven av Bloomberg Businessweek.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BLOOMBERG BUSINESSWEEKSe alt
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023