Trudeau Rejects ‘Race to the Bottom’ With U.S.
Canada's Trudeau Says No Nafta Is Better Than a Bad Deal
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Canadian Prime Minister Justin Trudeau may be biting his tongue when it comes to his personal views on Donald Trump — but he's not holding back about his U.S. counterpart's signature tax cuts.
His message? He's not Trump.
“We have to ask the question whether the tax cuts that they’ve brought in in the United States are sustainable,” Trudeau told Bloomberg's Stephanie Flanders in an exclusive interview yesterday in which he outlined his economic vision.
In pursuit of his goal of building an economy that can thrive over time, Trudeau said he's willing to accept losing a short-term edge to the U.S.
“We’re not engaging in a race to the bottom,” he said, rejecting what he described as a “ruthless” economic approach in the U.S. propped up by deficit spending.
Instead, Trudeau championed investments in education and healthcare, targeted immigration and responsible borrowing as ways to quell populist unrest.
It’s an economic philosophy he’s set to advance when he hosts the Group of Seven leaders’ summit next week in Quebec, and one that raises fresh questions about how directly he will take on his more powerful southern neighbor.