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# Trade turbulence | Tariff fatigue
- URL: https://www.craftpolitics.fm/episodes/trade-turbulence-tariff-fatigue/
- Published: 2025-07-16T18:00:00.000Z
- Updated: 2026-09-08T01:04:00.000Z
- Author: Joseph Lavoie
- Tags: #episode, #scan, #no-guest, #ai-5

It’s our final episode before a short summer break—and we’re closing it out with a cheeky half pint and a big-picture scan of the trade and political chaos unfolding across Canada, the US, and the UK.

In this episode:

- Carney concedes “tariff-free” deal with Trump is unlikely • What the PM’s first public walk-back says about expectations management • Does accepting some tariffs help or hurt Canada’s leverage? • And what *is* a “win” supposed to look like?
- US inflation hits 2.7% as tariffs bite • Will Trump’s economic strategy come back to haunt him before the holidays? • Why tariffs are a slow burn—but a real one • And how Trump’s goldfish memory makes planning impossible
- White House calls for interest rate cuts *while* raising consumer prices? • We discuss the economic contradiction—and why it’s eroding confidence

Also in this episode:

- The super honeymoon continues: Carney approval hits 58%, Liberals lead by 13
- What the Conservatives need to ask themselves about the Poilievre playbook
- Can Carney hold his coalition together if Trump fades as the ballot question?
- NDP leadership race kicks off—with a $100,000 entry fee. Is that populist?

Across the pond:

- Labour faces a new challenge—from the left • A hard-left breakaway party is forming. Could it fracture Labour’s already unstable coalition? • Why UK politics remains a mess—despite a massive Labour majority • And why the Conservative Party still doesn’t know what it stands for

We close with:

- Tasting notes from our final craft beer of the season
- Percy gets mistaken for a 30-year-old’s father
- And a conversation about political anger, violent rhetoric, and the lines we should never cross

00:00 Welcome and beer return — Craft Politics drinks again  
02:58 Carney's tariff reality check — No free trade deal coming  
09:40 US inflation hits 2.7% — Tariffs bite American consumers  
12:22 The grain of truth in Trump's madness — Mandelson's insight  
14:49 Carney's super honeymoon — 58% approval and Liberal surge  
17:16 Conservative crisis — Can Poilievre's playbook work against Carney?  
18:35 Trudeau as scapegoat — The Liberal brand resurrection  
21:57 NDP leadership race and the 100k entry fee problem  
24:25 UK chaos — Corbyn launches new left-wing party  
27:56 British politics breakdown — Reform drives, Tories lost, Labour flailing  
29:54 Tasting notes and summer break — Last pint before August  
33:13 Rage politics and violence normalization — The anger problem  
36:22 The son incident — Andrew's beer festival trauma