The truth behind Trump's trade war with Canada: It will blow back

The truth behind Trump's trade war with Canada: It will blow back

Author: Ben Norton August 25, 2026 Duration: 38:20
Donald Trump has restarted his trade war with Canada. Prime Minister Mark Carney revealed that the US government made last-minute demands for control over Canada's trade deals, critical minerals, and French language policies, violating the country's sovereignty. Ben Norton explains how the trade war could blow back, given the USA's dependence on Canadian oil, exacerbating the global energy crisis caused by Trump's war on Iran. VIDEO: https://www.youtube.com/watch?v=D97iyWy4-KU Check out our related video explaining why the US lost its trade war with China: https://www.youtube.com/watch?v=PtuYVMrXmAM Topics 0:00 US trade war with Canada 1:17 US dependence on Canada's oil 2:35 Potential blowback on US economy 3:25 Trump sabotages his own USMCA 4:52 Trump's "art of the deal" 5:52 US violated deals with Iran 6:48 US "power play" with Canada 7:57 (CLIP) PM Mark Carney on sovereignty 9:03 US demands of Canada 9:52 (CLIP) PM Carney on trade deals 10:14 Canada's critical minerals 11:02 French language in Canada 13:11 "51st state" threats 14:41 Canadians see USA as top threat 14:57 US official talks of war with Canada 15:48 (CLIP) Transport Secretary Sean Duffy 16:11 Canada's trade surplus with USA 17:40 Canada defends itself 19:31 Prime Minister Mark Carney 21:38 (CLIP) Carney admits Western hypocrisy 22:20 Canada moves closer to China 23:33 Carney's speech on trade war 23:57 (CLIP) Carney: USA can't be trusted 24:48 More US demands of Canada 26:00 (CLIP) Canada energy exports to US 26:40 Canadian crude and US refineries 28:24 US oil imports 32:18 US energy vulnerability 32:46 US oil reserves running out 34:09 Gasoline prices rise before midterms 34:54 Why Trump will likely lose 36:56 Trump lost his trade war with China 37:48 Outro

Trying to make sense of international headlines often feels like seeing only the ripples on the water's surface, without understanding the powerful currents moving beneath. Geopolitical Economy Report, hosted by journalist Ben Norton, dives into those deeper forces. This isn't just a recap of the day's events; it's a dedicated exploration of how economic systems, historical context, and raw power politics fundamentally shape global conflicts and alliances. Each episode builds on the work of the independent news outlet of the same name, translating its original journalism and analysis into a compelling audio format. You'll hear detailed discussions that connect financial policies to social movements, or trace the historical roots of a modern trade war, always with an eye toward understanding the larger, changing structure of the world. For anyone tired of superficial news cycles and seeking a more substantive, connected perspective on why nations and institutions act the way they do, this podcast offers a crucial and clarifying lens. Tune in for a regular dose of context that the mainstream frequently overlooks.
Author: Language: English Episodes: 50

Geopolitical Economy Report
Podcast Episodes
Biden & Trump families scam their own supporters with meme coins [not-audio_url] [/not-audio_url]

Duration: 19:47
More and more US politicians are promoting crypto rug pull scams targeting their own supporters. Hunter Biden, the son of former President Joe Biden, created a meme coin called the Laptop token, the price of which crashe…
Why the warmongering CIA supported 'feminist' icon Gloria Steinem [not-audio_url] [/not-audio_url]

Duration: 36:40
Liberal feminist icon Gloria Steinem, a close ally of warmonger Hillary Clinton, has passed away at age 92. What many people don't know is that she was a CIA agent. Ben Norton explains how the CIA has cultivated a pro-im…
Why the world prefers China over the USA [not-audio_url] [/not-audio_url]

Duration: 39:34
Poll after poll shows that the world increasingly prefers China over the United States. So why are people in so many countries, especially the youth, "Chinamaxxing"? Ben Norton explains how China has developed a new poli…
The most important political scandal you haven't heard of [not-audio_url] [/not-audio_url]

Duration: 47:51
An enormous scandal is unfolding in Latin America, which says everything about politics in the 21st century. Far-right Argentine election meddling specialist Fernando Cerimedo was arrested in Bolivia after hiring hitmen…
How USA & Israel put drug cartel-linked puppet in power in Colombia [not-audio_url] [/not-audio_url]

Duration: 45:36
Colombia's former President Gustavo Petro formally accused the USA and Israel of meddling in his country's election to put in power new far-right leader Abelardo de la Espriella, a US citizen and Trump ally who worked as…
Dollar system in crisis: Why the US bailed out Japan [not-audio_url] [/not-audio_url]

Duration: 35:07
The US government quietly bailed out Japan. The Treasury intervened in the foreign exchange market to try to stabilize the yen, the Japanese currency. Ben Norton explains how this reflects a larger, structural problem wi…
Jaw-dropping corruption: Trump admin insiders profit from war on Iran [not-audio_url] [/not-audio_url]

Duration: 17:40
Donald Trump administration insiders have been widely accused of corruption, insider trading, and market manipulation related to the US war on Iran. Ben Norton analyzes the evidence, showing why this may explain Washingt…