Trade turbulence

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