Canada Says “Enough” — Trump’s Trade War Backfires in Spectacular Fashion | The Wolff Responds скачать в хорошем качестве

Canada Says “Enough” — Trump’s Trade War Backfires in Spectacular Fashion | The Wolff Responds

Is the "America First" protectionism finally hitting a wall? In this episode of The Wolff Responds, Prof. Richard Wolff breaks down the collapsing strategy of the 2025 US-Canada trade war. What began as a threat of 25% tariffs to "save American manufacturing" has spiraled into an economic own-goal, devastating US farmers with skyrocketing fertilizer costs and actually increasing the trade deficit by over $100 billion. Canada has refused to blink, retaining targeted counter-tariffs on steel and aluminum while US courts begin to strike down executive tariff powers. Prof. Wolff analyzes who really pays the price for this geopolitical theater—hint: it’s not the corporations, but the working class on both sides of the border. In this episode, we cover: The Fertilizer Fiasco: How tariffs on Canadian potash are crushing American agriculture. The Deficit Myth: Why the US trade deficit with Canada grew to $263 billion despite protectionist measures. Class War by Other Means: How tariffs function as a regressive tax on consumers while corporations preserve profit margins. The End of Hegemony: Why the US can no longer unilaterally dictate terms to its closest trading partners. Join the conversation: Are these tariffs a necessary tool for sovereignty, or just another way to squeeze the working class? Let us know in the comments. Disclaimer: The content of this video is for informational and educational purposes only and does not constitute financial, legal, or investment advice. The views expressed are those of the speaker and do not necessarily reflect the official policy or position of any other agency, organization, employer, or company. Past performance is not indicative of future results.