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Where the US is gaining and losing influence
Where the US is gaining & losing influence | Quick Take | GZERO Media

Where the US is gaining and losing influence

Ian Bremmer's Quick Take: Hi everybody, Ian Bremmer here and a happy Monday from Vancouver. I'm here for the TED Conference. I've never done the main TED conference before, believe it or not, but giving a speech tomorrow and so came in a little early to meet some of all of these crazed public intellectuals and see what they have to say about the world. Should be kind of interesting, kind of fun.

But thought I would talk a bit about where US relations are with other countries in the world. I got a question from someone over the weekend that said, "Are there any countries where the United States actually has better relations today than they did ten years ago?" And I think this reflects, this wasn't an anti-Biden or pro-Trump sensibility, it's more the world feels like it's heading in a difficult direction, America losing influence. How do we think about that?

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Subsidy game could hurt Canada-US relations
Subsidy game could hurt Canada-US relations | US Politics In :60 | GZERO Media

Subsidy game could hurt Canada-US relations

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC shares his perspective on US politics.

What is happening with US/Canada relations?

Well, I'm headed up to Toronto, Canada, just about a week after President Biden made his first trip to America's neighbor to the north, which is also the US' second largest trading partner. A very important, deeply ingrained relationship between these two North American economies. And a major source of tension right now between the US and Canada is over industrial policy. The US over the last several years has started to deeply subsidize infrastructure development, semiconductor manufacturing, and in the Inflation Reduction Act, green energy production, electric vehicles, and the components that go into this.

Now, the automobile industry is obviously a very major component of US/Canada trade and has been that way since the mid '90s when NAFTA was signed. The renegotiated USMCA has created a new set of playing rules for governing US/Canada trade, and there have been several long-standing disputes between the two countries that have not yet been worked out. And now with the introduction of the US' new subsidies, the Inflation Reduction Act is causing major concerns in Canada who are worried about losing green energy investments to the United States where there are tax preferences, loan programs, and other direct form of subsidies in order to get that manufacturing into the US.

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