Ones and Tooze

In parliamentary elections next week, Canadians are expected to turn out in large numbers for the Liberal Party led by Mark Carney—in part as a reaction to U.S. President Donald Trump. The Liberals had been down in the polls for months, but Trump’s rhetoric and policy, including on tariffs, have prompted voters to turn away from the Conservatives and back Carney, who had a long career in central banking and global finance. On this episode, Adam and Cameron discuss the Canadian economy—the ninth largest in the world—and how Carney plans to deal with Trump. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Given the news of Pope Francis's death this past week, we're sharing a bonus episode from the archive. This originally aired in March 2024 and is titled, "The Economic Thinking of Pope Francis." We'll be back with a new episode this Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

As tariff concerns rippled through financial markets around the world this month, the 10-year yield on U.S. Treasury bonds advanced 50 basis points. That is the most in more than two decades. Adam and Cameron talk about what fluctuations in the bond market mean and why it has put a scare in investors. Plus, in the second half of the show, the costs and benefits of nuclear proliferation from the perspective of defense budgets, nuclear waste, and international security. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

U.S. President Donald Trump reversed course this week as he announced a three-month pause on “reciprocal tariffs” but increased tariffs on China to 125 percent. China responded with 84 percent retaliatory hikes. Hosts Cameron Abadi and Adam Tooze talk about the immediate and long-term impacts of this trade war and look at the possible policy goals it might serve. And thank you to everyone who responded to our pitch for listener support last week! If you’d like to help support us make the show, please consider following this link to donate [https://www.paypal.com/donate/?hosted_button_id=ATHRTKECVXVE8]. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

U.S. President Donald Trump’s latest tariffs have raised questions about whether this will be the moment that an all-out trade war breaks out with China. Prior to Trump’s announcement, Adam and Cameron took an overall look at the current economic relationship between the two countries. And thank you to everyone who responded to our pitch for listener support last week! If you’d like to help support us make the show, please consider following this link to donate [https://www.paypal.com/donate/?hosted_button_id=ATHRTKECVXVE8]. Brought to you by: betterhelp.com/onestooze Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]