Canada Joins U.S. and Mexico for Trade Deal to Replace Nafta

The transcript discusses a trade deal that removes the threat of auto tariffs, benefiting Canadian exports and reducing macroeconomic risk. It highlights the importance of the deal for both Canada and the US, noting that Canada is a major buyer of US goods. While the deal is seen as a win for Canada, especially for Prime Minister Justin Trudeau, there are still details to be clarified, such as tariffs on steel and aluminum. The deal must also pass through Congress, which presents a significant hurdle. Concessions were made by Canada on dairy and intellectual property, but avoiding the collapse of the deal is viewed as a political and economic success for Trudeau.

What major economic risk is reduced by the potential trade deal discussed in the video?

• The threat of auto tariffs

• The threat of increased oil prices

• The threat of a housing market crash

• The threat of a technology ban

What is one of the key aspects still needing clarification in the trade deal?

• Tariffs on pharmaceuticals

• Tariffs on technology exports

• Tariffs on agricultural products

• Tariffs on steel and aluminum

What is a significant hurdle the trade deal must overcome after being agreed upon?

• Approval by the European Union

• Approval by the United Nations

• Approval by the US Congress

• Approval by the World Trade Organization

What concession is Canada believed to have made in the trade deal?

• Concessions on oil exports

• Concessions on pharmaceuticals

• Concessions on dairy

• Concessions on technology exports

How is the trade deal perceived politically for Prime Minister Justin Trudeau?

• As a win by avoiding collapse

• As an irrelevant event

• As a significant loss

• As a minor setback