I'm John Batchel, Gordon Chang, at Gordon Chi Chang, my colleague and co-host, and we're looking at trade.

The term is free trade, and that is very much at the center of a controversy, and we can best describe it by talking about Canada and the United States.

For a long, long time, the United States and Canada have been very

sophisticated trading partners, dominating the economy of Canada and enhancing the economy of the

United States. No more, says the new Prime Minister, Mark Carney. He is very much looking for

an offset to the possible reduction

in trade with the U.S. because of tariffs, because of bad feelings. And one of the places he's

looking is China. Gordon and I welcome Alan Tonneson, our guru on trade and manufacturing,

first to ask about the ambition to trump-proof Canada's economy.

Can it be done?

And then we'll move to the Carney Initiative to bring China into the story.

Alan, can Canada find a way to make certain that Mr. Trump's tariffs, both the real and the threatened, are

offset by other means. Good evening to you. Well, good evening, John, and good evening, Gordon.

And I was just absolutely gobsmacked when I heard about Moore Carney's plan. Here's a fellow who is a big shot economist.

He was the former head of the Bank of England, the British Central Bank, and he apparently

knows nothing about U.S. Canada trade and very little about the global economy. And I say that

because Canada relies on

trade with the U.S. for fully a third of its economic growth every year. And that's even with

recent tariffs. It's also an economy that sends 75% of those exports to the United States.

He thinks it seems, or he says, that he's going to find replacements for the U.S. market elsewhere. That's just absolute nonsense for two main reasons.

One, we live today in a very slow-growing world. Most global, most national economies are growing very

slowly. And second, most national economies are very export-led themselves. So they are not

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