'Ordinary' Canadians and Americans are the losers of a trade war
“Well, who loses in a tariff war, where the U.S. imposes tariffs and then Canada retaliates? The ordinary Canadian and American citizens,” Canadian Taxpayers Federation federal director Franco Terrazzano tells The Ezra Levant Show.
President Donald Trump's tariffs on Canada, Mexico and China came into effect Tuesday, sending shockwaves throughout the world as United States imposed the charges on some of its largest trading partners.
Canadian leaders were quick to respond on Tuesday, with Prime Minister Justin Trudeau and premiers all weighing in on the situation.
Franco Terrazzano, federal director of the Canadian Taxpayers Federation, joins The Ezra Levant Show Tuesday night to look at what this development means for the economies of both countries.
With the dramatic saber-rattling from the PM and premiers, Franco said he was worried “politicians always have the incentive to use an emergency or a crisis as a shield to expand the size and cost of the government.”
This, he said, does little to benefit anyone other than encouraging the growth of the government, a cost that we'll all be burdened with.
“Think about who benefits,” he said. “The power centres. Politicians get to show Canadians that they're fighting back. Bureaucrats, now they have expanded roles,” the CTF federal director added.
“Well, who loses in a tariff war, where the U.S. imposes tariffs and then Canada retaliates? The ordinary Canadian and American citizens.”
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COMMENTS
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Murray Thrasher commented 2025-03-06 12:20:18 -0500The Canadian Taxpayer is always the loser! Crime Minister Trudeau is the problem. Trudeau is a glorified cheerleader for the Liberal party and everything is a crisis to this man. The CCP wanted this dummy in power to ruin Canada and he has done a great job. Why are there inflation, Carbon Tax, Healthcare, Immigration,….etc all of which are a crisis to an uneducated ignorant child crisis actor? The whole Liberal government should be in jail. At the end of this tariff war, Canada will be bankrupt with no GDP and CANADA FOR SALE! Thanks Governor Trudeau! -
Bernhard Jatzezck commented 2025-03-04 20:39:56 -0500The truly unfortunate matter is that it was the Liberals who did nothing after Trump pointed out the problems with the border. It was also the Liberals who escalated the business with the tariffs into a potential invasion and annexation. Ford is a CINO as he’s shown he’ll go along with anything that Trudeau says or does.
And why? Because Trudeau knew that the Liberals were about to be thrashed in the next federal election. By creating a false crisis, he can then portray himself as Captain Canada, doing battle with the Evil Americans. Unfortunately, Poilievre is now howling with the wolves as well, so one can’t really tell the difference between the Liberals and the Conservatives. -
Bruce Atchison commented 2025-03-04 19:32:13 -0500No matter which side wins, we lose. Rises in prices ALWAYS end up being paid by us. What total idiots Ford and the Liberals are. And people are so easily distracted by this trade war. The real issue is the border. We need grown-ups in charge, not squabbling and petty juveniles.
