Tag Archives: tariffs

New era

What’s happening now might be the biggest change in global politics that has ever happened outside of weapons of war being used. The shift in finance, the collapse of friendly trade, the forming of new trade alliances, and the political and economic alliances that are currently in the works could not have happened in the last 100 years without missiles or guns being fired.

Yet here we are. Empires fall. New superpowers emerge.

The question now is, can this happen while remaining a political and economic battle, and not one that requires force, might, death, and destruction?

I hope so. I want to believe so.

Ever since I read ‘The World is Flat’ about 20 years ago, I could see that the path forward was going to be about economic strength being based on countries focussing on their competitive advantages. I could see that protectionist policies, tariffs, and isolation would be the demise of even the greatest economies. And that the future powerhouses would be those that have natural resources that the entire world would need.

We are approaching a new era, and the countries that will prosper are the ones who recognize their strengths and are ready to negotiate the way they share those strengths with the rest of the world. Let’s hope we can have peace to go along with our prosperity. The looming question is, can we enter this new era without violence? Can we be a civilized race? Or are we just warring monkeys who happen to wear clothing and buy expensive accessories?

Trade Neighbours

As we watch a trade war unfold with the USA imposing tariffs on goods from Canada, Mexico, and China, the people that will struggle the most are those that can least afford it. But make no mistake, the cost of living is going up for everyone. This will anger people, and it’s already showing up.

One of my favourite sports stories comes from a Toronto Maple Leaf versus the Nashville Predators hockey game back in November 2014. During the American National Anthem the sound system faltered and the Canadian fans finished singing the US anthem. Slightly over a decade later, I just saw a video clip from tonight’s game, where the Vancouver Canucks fans boo’d during the US anthem (they did cheer for the singer when the anthem was done).

I’m not an economist, and while I know we are going to see a hike in prices, I really don’t know what these US tariffs are going to mean long term? I don’t know how countries will retaliate? I don’t know what can get us back to trade normalcy?

But I want to live in a country where we have mutual respect for our (cooperative) neighbours. I want to be in a country where we finish an anthem of our neighbours rather than boo it. And I want to believe that we can find a way back there. I’m just not convinced the politicians in power will get us there any time soon.

For now the metaphorical gloves have come off, and petty fights have begun. Sure it’s just the booing of a national anthem right now, but that’s likely just the start of the anger, hate, and even vitriol to come. I just hope that the leaders taking us down this route will remember what it means to be good neighbours, and some time soon we’ll get back to being fans of each other… Neighbours in geography, geopolitics, friendly sports competition, and yes, even trade.