If you did not hear about one of President Donald Trump’s latest tariff-related victories last week, you have company. It escaped our attention, too.
Of course, the global establishment has enriched itself on the current system of “free trade.” So you must look closely to find positive reporting from the establishment media on the effects of Trump’s tariffs.
According to Bloomberg, the economic advisory firm Oxford Economics calculated last week that the new Canadian government under Prime Minister Mark Carney has quietly adopted a conciliatory approach in the wake of Trump’s aggressive tariff policies, resulting in a minuscule tariff increase of “nearly zero” on most U.S. products entering Canada.
Tony Stillo, Oxford’s director of Canada economics, explained.
“It’s a very strategic approach from a new prime minister to really say, ‘We’re not going to have a retaliation,’” Stillo said in an interview. “It’s a strategic play on the government’s part to not damage the Canadian economy.”
In March, the Canadian government retaliated against Trump’s tariffs by imposing its own 25 percent import taxes. Those taxes affected roughly $43 billion worth of American-made imports.
Then, another round of Canadian tariffs hit U.S.-made autos in April.
A series of exemptions from Carney’s government, however, have effectively reduced those tariff increases to “nearly zero.”
And that represents a significant victory for Trump.