This message comes from Schwab. At Schwab, how you invest is your choice, not theirs. That's why when it comes to managing your wealth, Schwab gives you more choices. You can invest and trade on your own. Plus, get advice and more comprehensive wealth solutions to help meet your unique needs. With award-winning service, low costs, and transparent advice, you can manage your wealth your way at Schwab. Visit schwab.com to learn more.
This message comes from NPR sponsor Rosetta Stone, an expert in language learning for 30 years. Right now, NPR listeners can get Rosetta Stone's lifetime membership to 25 different languages for 50% off. Learn more at rosettastone.com slash NPR.
This message comes from the Nature Conservancy, working together to create a future with a livable climate, healthy communities, and thriving nature. Explore ways to act during Earth Month and every month at nature.org slash NPR. Today on State of the World, Canadians grapple with the wide impacts of U.S. tariffs. You're listening to State of the World from NPR. We bring you the day's most vital international stories up close where they're happening.
It's Monday, April 23rd. I'm Greg Dixon. Countries around the world are digesting what U.S. tariffs mean for them and how their relationship with the U.S. is changing. This is especially true for America's neighbors. In Canada, the tariffs have impacted everything from the country's politics to its identity and, of course, the economy, right down to the smallest businesses.
Jackie Northam takes us to the eastern Canadian province of Nova Scotia to see how all this is playing out against the backdrop of a competitive federal election. When the weather turns nasty, lobster fishermen here in Clarks Harbour off the southwestern tip of Nova Scotia gather at what they call the barn to chat over coffee and play cards. There's no use going out in weather like this. Too rough. Seas is too big.
When the weight gets high, lobsters will not move. You just waste the time. The barn belongs to Marty Atwood. He's been a lobster fisherman for more than three decades. He spends slow days like this building new lobster traps. When I'm not fishing, I'm in here building stuff to go fishing. Atwood grew up in Clarks Harbour. This town of about 800 people would seem to be far removed from the turmoil of President Trump's tariffs.
But lobsters were among the goods to be hit with 25% tax when Trump announced his first round of tariffs on Canada in February.
Atwood said it was a huge concern. Right now, the lobster industry drives everything in this community. If you take the prices away, you take the lobsters away, you take the whole economy away. It would be crippling. Trump later reversed the decision, excluding any products like lobsters that fall under an existing free trade agreement. But he has kept levies on things like aluminum, steel and energy.
Atwood's father Russell fears lobsters could get hit again because he says Trump is erratic. Canada's lobster industry was already facing 25% tariffs by China in retaliation for Ottawa placing levies on Chinese electric vehicles.
A U.S. tariff would force Canadian lobster companies to dramatically change their business. This is where we store the lobsters. Sean Sears, the owner of W. Sears Seafoods, reaches into a large tank of bubbling cold water and pulls out a glistening lobster, its claws held tight with a thick rubber band. Oh, that one's like a...
Two and a half pounder, so not a real big one. The smaller lobsters are actually better eating. At high season, Sears tanks hold about 250,000 pounds of fresh lobster. He ships them to companies in the U.S. It's a highly integrated industry and both sides would have to pay taxes if Trump reimposes tariffs and Canada retaliates.
Sears said he would have to look for new customers. Different parts of Asia, the Middle East, Saudi Arabia and just try to expand the domestic market. The uncertainty and worry here in Clarks Harbour is a microcosm of how tariffs are playing out across the rest of Canada. 160 miles further east along the coast in Nova Scotia's capital Halifax
Trump's tariffs were met with disbelief, anger and resentment. One firm in particular, over a weekend, believed they lost around $25 million worth of business and were facing layoffs of about 170 people. Mayor Andy Fillmore says the economic punch was
was immediate. Just from the whisper of this possibility, it changed the business dynamics. People lost confidence. Contracts went away. Fillmore says many people in Nova Scotia have close relations with the U.S., and that's what hurt. This seemed like friends and family giving us a swat on the nose, completely unexpected and quite shock, eye-wateringly shocking. But it's more than just the tariffs. There was Trump's threat to turn Canada into the 51st state and making fun of then Prime Minister Justin Trudeau.
Out of that sprang a nationwide movement to avoid buying American products. Canadians are cancelling trips south of the border and there's a resurgence of national pride in Canada. We are a good neighbour who will still be there for our big brother.
But we don't need you anymore, America. A steady rain outside of Halifax didn't deter people at a recent elbows-up rally. That's a hockey term, now a popular catchphrase meaning ready to fight.
On stage, comedian Shawn Majumder, who recently moved back to Canada after 20 years in Los Angeles, didn't hold back. Those who braved the rain came out to make a point, like Maggie Simpson. Like many people here, just feeling of wanting to stand in solidarity.
for Canada's sovereignty and the things that we believe in. But with an increasing independence comes a recognition that Canada has leaned too heavily on the U.S. for its security. We've been very fortunate to be one of the most geographically secure countries in the world. And now we find ourselves as being the most geographically vulnerable. Robert Hewish is a professor of social sciences at Dalhousie University in Halifax. It's not just Donald Trump is saying, oh, that border should be redrawn.
It's also recognizing we are quite vulnerable in the Arctic to Russian aggression. So we do have work to do there for sure. Back at the barn in Clarks Harbour, fisherman Marty Atwood is feeling philosophical about Trump's tariffs as he repairs his lobster pots. We're kind in this area, take things as they come, so...
We'll cross that bridge when we get to it. As will Canada's next prime minister. The federal election is on Monday, and whoever wins will have to wrangle Trump and his unpredictable tariff policy. Jackie Northam, NPR News, Clarks Harbour, Nova Scotia. That's the state of the world from NPR. Thanks for listening.
This message comes from Rinse. These days, you can do a lot from your phone. Book a vacation, buy and trade stocks, but you can also make your dirty laundry disappear and then reappear washed and folded with Rinse. Schedule a pickup with the Rinse app, and before you know it, your clothes are back, folded, and ready to wear. They even do dry cleaning. Sign up now and get $20 off your first order at Rinse.com. That's R-I-N-S-E dot com.
Support for this podcast and the following message come from E-Trade from Morgan Stanley. With E-Trade, you can dive into the market with easy-to-use tools, zero-dollar commissions, and a wide range of investments. And now there's even more to love. Get access to industry-leading research and insights from Morgan Stanley to help guide your decisions. Open an account and get up to $1,000 or more with a qualifying deposit.
This message comes from Viking, committed to exploring the world in comfort.
Journey through the heart of Europe on an elegant Viking longship with thoughtful service, destination-focused dining, and cultural enrichment on board and on shore. And every Viking voyage is all-inclusive with no children and no casinos. Discover more at viking.com.