I have no doubt that Canada will cave to Trump on tariffs. The question is: when? “Shark Tank” star Kevin O’Leary expressed confidence that the ongoing trade tension between Canada and the U.S. would eventually lead to a resolution, and he even predicted when.
In an interview with Yahoo Finance, O’Leary said he believes that while the current rhetoric surrounding tariffs might appear grim, there is a strong economic incentive for both nations to come to the negotiating table and reduce the barriers that have caused friction in recent years.
O’Leary emphasized the importance of distinguishing between the “noise” of political rhetoric and the underlying “signal” that points toward economic cooperation. While current tensions have made it seem nearly impossible for the two nations to agree on trade policies, O’Leary argued that a combined economic effort between the U.S. and Canada could pose a significant challenge to China. “If you combine those economies… it would be much stronger against China if there were no tariffs between Canada and the United States,” he said.
The logic behind this argument lies in the historical and economic interdependence of the two countries. According to O’Leary, Canada’s economy has been deeply tied to the U.S. for over a century, with 75% of Canada’s output sold to the U.S. for more than 120 years. Furthermore, 17 U.S. states consider Canada their top trading partner, while 28 states rank Canada as their second-largest partner. “It would be economic suicide not to work this out,” O’Leary stated, underscoring the critical importance of a favorable trade agreement for both nations.
Hellbound and Down 