In an interview with BNN, prominent Canadian investor Brett Wilson heavily criticized how the Trudeau government is handling trade.
Wilson’s comments come in the wake of Canada launching a trade complaint alleging about 200 violations against the U.S. in the World Trade Organization.
As noted by BNN, “Wilson – one of Canada’s most outspoken investors – calls Canada’s decision to hit back “naive. They’re naive if they’re going to put some of the things they’ve put on the table and not believe that the other side is going to push back and say: ‘Nuh-uh. We don’t like those. And, in fact, we don’t like many of the things that are on the table right now,’” Wilson, chairman of Prairie Merchant, told BNN in an interview Wednesday.”
Wilson points out that the federal government is failing to adapt to the new trade situation, and are stuck on acting as if nothing has changed:
“Look what happened with softwood lumber,” he told BNN. “We’re not getting anywhere on that platform very quick. And, of course, supply management around dairy and eggs and other products, that’s all going by the wayside.”
Added Wilson, “Delusional, naive, or stupid: It doesn’t matter. Any one of those applies to our negotiating team if they think that we’ve got the upper hand. We don’t. We’re the size of California, and we’re not all that smart.”
Wilson’s comments speak to the growing concern about the strategy being taken by the Trudeau government, as virtue-signalling has been placed at the forefront.
Additionally, the Trudeau government has often discussed “standing with” Mexico in the negotiations, despite the fact that our trade with the U.S. dwarfs our trade with Mexico, and despite the fact that Mexico’s cheap labour and almost non-existent environmental laws allow them to undercut our Canadian manufacturers.
Photo – Screengrab