U.S. President Donald Trump has kept Canada on edge with his tariff threat and the unpredictability surrounding it, but there appears to be a detailed plan for its execution if one delves into the economic thinking of a key presidential adviser.
The desire to impose tariffs on Canada, and much of the world for that matter, is inscribed in the Trump’s administrations’ objective to reshape the global trade and security architecture, according to a policy paper by Stephen Miran.
Trump said in December he was nominating Miran, a Harvard-educated economist who served at the Treasury Department during his first term, as the chairman of his Council of Economic Advisers.
In his “User’s Guide to Restructuring the Global Trading System“ published by Hudson Bay Capital on Nov. 12, shortly after Trump’s election victory, Miran wrote about using tariffs as a strategy to rebalance trade with other countries and extract concessions not only economically, but around security and defence as well.
Trump’s threat to impose broad 25 percent tariffs on Canada and Mexico has been linked to border security issues such as illegal immigration and drug smuggling. […]
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