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cover of episode Tariff Tolls: Price “Disturbance” & Friction for the NHL 3/5/25

Tariff Tolls: Price “Disturbance” & Friction for the NHL 3/5/25

2025/3/5
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The episode begins with discussions about the impact of President Trump's tariffs on Mexico and Canada, covering various economic and political ramifications. Market reactions and fears of a trade war are explored.
  • President Trump announced 25% tariffs on Mexico and Canada.
  • The tariffs are causing market volatility, with major averages experiencing significant fluctuations.
  • Commerce Secretary Lutnick hinted at possible negotiations to mitigate the tariffs.
  • The tariffs are part of a broader strategy to recalibrate America's trade relationships.
  • The administration is relying on tariffs as a revenue source to balance the budget.

Shownotes Transcript

Wednesday marks day two of President Trump’s 25% levies on Mexico and Canada). In his joint address to Congress, the President warned about “a little disturbance” as American industries and neighbors digest his administration’s tariffs. CNBC’s Eamon Javers reports on the rest of the news out of Tuesday’s address, and Phil LeBeau reports that the administration may consider a delay on tariffs for autos. Former US Ambassador to Canada Bruce Heyman explains the toll tariffs may take on the longstanding relationship between neighbors, including social and economic ties. The friction between the U.S. and Canada extends to the ice; National Hockey League Commissioner Gary Bettman) discusses the cross border relationships in sport and in finance. 

 

Eamon Javers - 9:48

Bruce Heyman - 19:32

Gary Bettman - 29:12

Phil LeBeau - 37:12

 

In this episode:

Phil LeBeau, @Lebeaucarnews)

Eamon Javers, @EamonJavers)

Robert Frank, @robtfrank)

Michael Santoli, @michaelsantoli)

Becky Quick, @BeckyQuick)

Katie Kramer, @Kramer_Katie)