National Steelworkers Union, Canada, Canadian Government discussed on

KQED Radio
| KQED Radio

Automatic TRANSCRIPT

Tariffs president bush team those well and and got me in some hot water but i i think one of the reasons the things went wrong with the same reasons that happened today while you'd you'd gain jobs and incomes in protected industries you lose more in others you it's not just makers of steel and aluminum steel and aluminum are inputs into cars into cantons into metal that we use and consumers are worse off and people don't see that we heard elsewhere in our presidents and the head of the national steelworkers union in canada who seemed to suggest that the canadian government should think about following president trump's lead on this and imposed its own tariffs on china could this actually were if unilateral tariffs from the us wouldn't work to prevent the chinese dumping which is lowering the prices if other countries signed on and do the same thing would have an effect what well it it certainly part of a general point which there has to be a multilateral solution here you know china is only the eleventh biggest seller steel in the united states uh and canada sexually number one of overseas steel so we really have to have a multilateral solution it could be a series of tariff discussions hopefully it's more likely in negotiation with the chinese right now the chinese are in a an enviable position of being able to watch as the us canadians and europeans are fighting with each other taking china off the stage it's crazy the multi prong solution here well i think the the first thing is to engage china on why this behavior is not in china's interest it's fine to say something isn't in our interests but that's not of great concern to the chinese crowd but it's not in china's interests to have intellectual property thefts it's not in china china's own interest to have an uneconomic steel industry they're just wasting their own resources then we could talk about actions ranging from tariffs to actions in other areas to get on it but it has to be multilateral glenn hubbard the denounce colombia business school he served as the chairman of the council of economic advisers under the administration of president george w bush mr hubbard thank you so.

Coming up next