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US-Canada tariff spat is more symbolic than economic

The analysis framed the recent US-Canada tariff escalation as largely symbolic, with minimal concentrated industrial impact due to the narrow base of targeted goods.

Bloomberg NewsHead of Broad Markets Fixed Income at Morgan Stanley Investment Managementon Bloomberg Surveillance

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The story so far

CONTESTED · 42 MENTIONS · 36 EPISODES · 19 SHOWS

24 JUL 2025 — 26 AUG 2026 · YESTERDAY

11 SUPPORT · 4 CHALLENGE · 1 UPDATE · 2 REPEAT · 24 MENTIONED

24 JUL 2025 · FIRST HEARD
MACROVOICES
- Tariffs as a revenue and negotiating tool
29 EPISODES BETWEEN · 35 MENTIONS
1. 5 AUG 2025
  THE KNOWLEDGE PROJECT · 2 MENTIONS
  - Tariffs causing US production offshoring, not onshoring
  - Potential massive tariff refunds if Trump loses lawsuit · CHALLENGES
2. 13 AUG 2025
  THE BUSINESS BREW
  - Tariffs likely to persist regardless of court rulings
3. 21 AUG 2025
  THE ALPHA EXCHANGE
  - Tariffs to ripple through prices with a lag
4. 25 AUG 2025
  MACRO MUSINGS WITH DAVID BECKWORTH · 2 MENTIONS
  - Inflation impulse from tariffs is coming · CHALLENGES
  - Markets slow to price tariffs and inflation risk
5. 2 SEP 2025
  THE LONG VIEW
  - Tariffs priced in, no recession expected
6. 4 SEP 2025
  MACROVOICES
  - Radical tax restructuring via tariff revenue
7. 5 SEP 2025
  THE MEB FABER SHOW
  - Inflation worries growing but not yet realized
8. 26 SEP 2025
  THE ACQUIRERS PODCAST
  - Current US inflation pressures from deficits and tariffs
9. 6 OCT 2025
  MACRO MUSINGS WITH DAVID BECKWORTH
  - Inflation stickiness a primary Fed concern
10. 14 OCT 2025
  THE LONG VIEW
  - Tariffs slow growth, raise prices short-term
11. 16 OCT 2025
  MACROVOICES
  - Inflation to persist near 3%, second wave risk low
12. 28 OCT 2025
  THE ALPHA EXCHANGE
  - Weaponization of US economic policy tools
13. 13 NOV 2025
  MACROVOICES
  - US-China decoupling is painful but inevitable
14. 26 NOV 2025
  MACROVOICES · 2 MENTIONS
  - Secular inflation onset likely a year or two off · CHALLENGES
  - Inflation cycle confusion creates risk and opportunity
15. 4 DEC 2025
  MACROVOICES · 2 MENTIONS
  - Trump may unilaterally cut China tariffs
  - US-China detente, not Japan conflict, is key
16. 15 DEC 2025
  MACRO MUSINGS WITH DAVID BECKWORTH
  - Tariffs slow growth, raise prices with lag
17. 18 DEC 2025
  THE ACQUIRERS PODCAST
  - Anti-China reindustrialization as a global supply shock
18. 18 DEC 2025
  MACROVOICES · 2 MENTIONS
  - Tariffs: disruption deferred, not avoided
  - Midterm elections: affordability is central issue
19. 29 DEC 2025
  MACRO MUSINGS WITH DAVID BECKWORTH
  - Trade war impact less severe than feared
20. 6 JAN 2026
  THE LONG VIEW
  - Tariff impact less severe than feared
21. 13 JAN 2026 · CHALLENGES
  GOLDMAN SACHS EXCHANGES
  - Above-consensus US growth on fiscal tailwinds
22. 10 MAR 2026
  THE JULIA LA ROCHE SHOW
  - Midterm losses limit Trump's fiscal options
23. 11 MAR 2026
  FORWARD GUIDANCE
  - Tariffs as the new normal post-2028
24. 31 MAR 2026
  THE ALPHA EXCHANGE
  - Trump's unilateralism tests dollar privilege
25. 8 APR 2026
  ALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG
  - Trump tariffs driving up consumer and farm costs
26. 29 JUL 2026
  PROF G MARKETS · 2 MENTIONS
  - Tariffs and geopolitical conflict act as supply shocks
  - Section 301 tariffs weaken trade negotiations
27. 30 JUL 2026
  THE DIVIDEND CAFE
  - Inflation as a monetary phenomenon
28. 3 AUG 2026 · 3W AGO
  REAL VISION DAILY BRIEFING
  - US inflation softening due to tariff rebates
29. 21 AUG 2026 · 6D AGO
  MARKETPLACE
  - US-Canada trade war deadline looms
24 AUG 2026 · 3D AGO · UPDATES
MACRO MUSINGS WITH DAVID BECKWORTH
- Tariff shock overestimated due to refunds, evasion
24 AUG 2026 · 3D AGO
WSJ WHAT'S NEWS
- US-Canada trade war risk escalates
24 AUG 2026 · 3D AGO
THE DIVIDEND CAFE
- New US-Canada tariffs as small-scale trade skirmish
25 AUG 2026 · 2D AGO
BLOOMBERG SURVEILLANCE
- US-Canada tariff tiff risks trade war spiral
26 AUG 2026 · YESTERDAY
BLOOMBERG SURVEILLANCE
- US-Canada tariff spat is more symbolic than economic · THIS IDEA
26 AUG 2026 · YESTERDAY
THOUGHTFUL MONEY
- Tariffs as a political tool, not economic

HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD