Public Policy
To understand the Trump Administration’s tariff strategy toward Canada and other countries, policymakers, executives, and investors should examine A User’s Guide to Restructuring the Global Trading System (Nov. 2024) by Steve Marin (PhD, Harvard, Economics). Marin argues that the Bretton Woods system disadvantaged the U.S., enabling trade imbalances while the U.S. bore global defense costs. Additionally, an overvalued dollar eroded American manufacturing.
In response, the U.S. is using tariffs, currency manipulation and national security concerns to open foreign markets, enforce defense burden-sharing, and incentivize domestic manufacturing. Non-compliant nations will face permanent trade restrictions.
To navigate this shift, we propose a trade strategy for Canada that has three fronts:
- Diversifying foreign trade
- Expanding access to the U.S. market
- Strengthening domestic industry
The modules below (1, 3-7) detail this strategy, as well as the analysis and insights that informed it.
Up Our Game Canada for Policymakers
Modules 1, 3-7 are designed for policymakers.
Up Our Game, Canada! Proposed Strategy for Strengthening Canada’s Trade & Reducing Risks
Summary and Analysis of Stephen Miran’s “A User’s Guide to Restructuring the Global Trading System”
Summary and Analysis of Michael Beckley’s “Rogue Superpower: Why This Could Be an Illiberal American Century”
Summary and Analysis of Hendrik Brakel’s “From Trade Wars to Trade Wins”
Summary and Analysis of Steven Globerman’s “The Growing Imperative to Create a More Integrated Internal Economy in Canada”
Summary and Analysis of “Five Sources Focused on Canada’s Export Diversification”
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