Trump’s Tariffs And The Case For Canada Flashcards
I have a favor to ask you.
- make it worth somebody’s while
- full steam ahead
- make a case for something
- heave a sigh of relief
- how sb rolls
- on a/the … front
- a whole lot of sth
- rightly or wrongly
- big time
- in effect / in fact / in practice
- make … look like child’s play
- use sth as a leverage
- for the most part
- on somebody’s/the radar (screen)
- get a handle on something
- play hardball
- by the same token
- be par for the course
- year in and year out
- the flip side of the coin
- shoot yourself in the foot
- on a permanent basis
- at various levels
- among other advantages
- put emphasis on sth
make it worth somebody’s while: to offer something to someone so that they will do something for you
full steam ahead: with all you energy and enthusiasm
how sb rolls: how sb generally likes to do things
on a/the … front: in a particular area of activity, on the energy front, on the economic front, on the domestic front, on a limited front
rightly or wrongly: used to mean something may or may not be morally correct, but it is a fact
big time: to a very large degree
for the most part: used to say that something is generally true but not completely true
get a handle on something: to start to understand a situation, subject etc
play hardball: to be very determined to get what you want, especially in business or politics
by the same token: for the same reasons – used when you want to say that something else is also true, especially something very different or surprising
be par for the course: to be what you would normally expect to happen
- hit the follow button
- critical minerals
- reliable and affordable energy
- (divert from) the trade war collision course
- dollar for dollar matching tariffs
- carrot and stick arguments/ approach
- trade relationship
- take effect
- trade flows
- bilateral trade
- two-way flow
- make the argument
- slice/ share/ piece of the pie
- sweet deal
- the normal pattern in international trade
- a discount price (on sth)
- quality issues
- foreign (direct) investment
- private investment
- exporting country
- oil sector/patch
- publicly owned
- organize production
- net oil exporting countries
- restrict energy exports
- restrictions on supply
- suffer an oil supply crisis
- severe disruption to …
- national unity crisis
- close the gap
- (a form of) service trade
- higher education
- digital trade
- data transfer
- streaming services
- digital platform
- under reported
- under regulated
- trade surplus
- official profits
- extract concessions
- a charity case
- economic might
- invest heavily
- trading partner
- (the center of) global financial capitalism
- capital inflow
- recession level destruction
- put blanket tariffs on …
- finished product
- experience (enormous) disruption
- the integrated continental economy
- the competitiveness of the business
- net winner
- export sales
- mutually beneficial (trade flow)
- stay in business
- export markets
- purchasing power
- adjust to new job
- exert leverage
- affordable housing
- clean energy
slice/ share/ piece of the pie: a share of something such as money, profits etc
exert: to use your power, influence etc in order to make something happen
- upcoming
- off base
- amidst
- lower cost
- reliable
- lucrative
- namely
- largely
- artificially
- ongoing
- perpetual
- inflationary
- all-out (trade war / depression)
- resilient
off base: completely wrong
namely: to be specific
largely: almost completely
artificially: 1. in a way that is not sincere 2. in a way that has been intentionally caused by people’s action, rather than happening naturally or by chance
all-out: done in a very determined way, and involving a lot of energy or anger
We’re going to be all over the upcoming Canadian elections and the first one hundred days of Trump’s presidency.
- usher in a golden age for the United States
- divert
- muse about/on/over
- slap tariffs on Canadian imports
- go on to do sth
- subsidize
- report back
- bluster
- elaborate on
- subsidize
- make up sth / constitue
- amount to
- benefit from
- diverge from
- account for
- refine
- privatize
- entertain an idea/hope/thought
- clean up
- declare profits
- regularize
- come after somebody
- profit from sth/sb
- bail sb out
- pass sth on (to)
- disrupt
- reorient … towards …
- retool
- exert
- catch the royalties and profits
usher in: to cause something new to start, or to be at the start of something new
muse about/on/over: to think about sth carefully and for a long time
slap sth on sth: to suddenly announce a new charge, tax etc or say that something is not allowed – used especially when you think this is unfair
bluster: to speak in a loud, angry, or offended way, usually with little effect
elaborate: to give more details or new information about something
account for: to form a particular amount or part of something
entertain: to consider an idea etc, or allow yourself to think that something might happen or be true
clean up: to win a lot of money or make a lot of money in a business deal
regularize: to make a situation that has existed for some time legal or official
pass sth on (to): to make someone else pay the cost of something
retool: to organize something in a new way
- aluminum
- alternative
- cabinet retreat
- preparation
- whiplash
- fentanyl
- leverage
- concession
- justification
- subsidy
- outflow
- the continental energy system
- royalty
- split
- (tangible) merchandise
- container ship
- first order of business
- bargaining chip
- government oversight
- anti-monopoly powers
- counterpart
- retaliation
- forestry
- auto parts
- auto assembly plant
- competitiveness
- ripple/domino effects (through …)
- proposition
- sovereignty
- tariff free access
- viability
cabinet retreat: 内阁闭门会议
leverage: influence that you can use to make people do what you want
concession: 1. something that is allowed or given up, often in order to end a disagreement 2. a reduction in the usual price of something, made available to certain groups of people
merchandise: goods that are being sold
first order of business: a situation of subject that must be dealt with before anything else
- proposition: a statement that consists of a carefully considered opinion or judgment
viability: the ability to work as intended or to succeed
divert from the trade war collision course they’re currently on
It’s something we are absolutely going to be looking at if that is how they move forward.
This is what I want to get into today.
It’s always great to have you.
I feel likewise.
What did you make of all that when you heard it?
Like all others, I’ve got a whiplash.
I guess either way, here we are.
What cases that our people are presenting to the Americans for why this would be bad for us, of course, but why this would be bad for them to go ahead with this.
make/present a case for something
We have to prepare for the worst.
Amidst the huge two-way flow, there is a small balance in Canada’s favor. It’s certainly not $200 billion, which is a number Mr Trump was throwing around before his inauguration. He literally just makes these things up.
It’s absolutely not a subsidy. If anything, we’re probably subsidizing them.
What is different or special about Canadian gas and oil exports to the US?
They get it for cheap.
Not only do they get access to our energy for cheap, they get to own the energy and the production of the energy and capture the profits.
Put up a bit of a united front against the Americans, and that is proving hard to do.
Put up a bit of a united front against the Americans, and that is proving hard to do.
organize work over a platform
They clean up in this whole area of cross-border services trade, especially anything digital.
clean up: to win a lot of money or make a lot of money in a business deal
He cleaned up at the poker table last night.
These service aren’t on the radar screen of Revenue Canada and the other systems. These companies themselves have got all kinds of opportunities to shift their revenues around to avoid paying taxes in places like Canada.
The net is in our favor. That’s a change from post-war history when it went the other way.
The America is on the bailout end of the deal here.
We would reorient our own industries towards serving Canadian consumers, rather than assuming that we can trade our way to prosperity, which is kind of what we’ve been assuming for the last three decades.
How much are we talking about here?
It isn’t a bailout in any way, shape or form.
What are the carrot and stick arguments the Canadian officials are making to the Americans?
The deal does diverge from the normal pattern in international trade.
We account for a huge share of their total energy.
The end point will, in a way, be less beneficial than where you have a mutually beneficial trade flow.
What might our government at various levels either be forced to do or choose to do to react to the effects of all this at home?
