this post was submitted on 08 Jul 2025
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Ask 10 economists, you'll get 10 different answers. But opinions are news now because we need to keep that train rolling in the new 24/7 news economy. My own opinion is that he "capitulated" to get the trade talks started again se he can get past that July 21st deadline and then proceed accordingly.
I also think it gives him a small bit of leverage too. They can always be reinstated the taxes since it was a 2020(?) bill with a deferred effective date
Yes if they don't get what they want or Trump is unreasonable they can certainly bring them right back.
This is a huge bargaining chip, and the Americans know this too...
Carney hasnt given us a reason to not believe in his ways yet, as much as the conservative opposition scream foul before anything has begun.
Yes, this hasn't closed the door forever (as far as I can tell), and Carney doesn't seem like an idiot, so I hold out hope this is some kind of maneuvering, and he's still as "elbows up" as he was on the campaign trail.