Guns, Growth, and Steel

“Absolutely Unacceptable.” Canadian Foreign Minister Chrystia Freeland reacted firmly to the initial news of President Trump’s intention to impose tariffs on steel and aluminum imports. The move, revised this week, was executed under an often forgotten sixties-era trade law that permits the US President to unilaterally impose tariffs under the pretence of a national security threat. Panic quickly reverberated its way through North American news media, as union leaders, executives, and pundits all clamoured to warn of a Trade War and to clarify that they were, in fact, not good, nor easy to win.

In the Canadian political echo chamber, a two-week long saga filled with hopeless predictions, finger-pointing, and ultimately; a deep exhale, has since followed.

QGM Report – Guns Growth and Steel