Paul Martin says common sense will win out in trade war with United States
MONTREAL — All the economies involved in the ongoing trade war initiated by U.S. President Donald Trump will be hurt — and that’s precisely why it won’t last, according to former prime minister Paul Martin.
Common sense will eventually prevail as Americans begin to understand the negative consequences of disrupting the basis of the world economy, he said Wednesday.
“The fact is the American citizenry is going to suffer as a result of the position the Americans are taking and we’re already seeing this,” said Martin, who was in Montreal participating in a leadership forum.
“This cannot continue. I believe that is the reason for optimism in the medium and long term, but there’s no doubt in the short term, we’re going to go through a difficult period and that’s what’s happening. But I’m confident that, in the end, common sense is going to work.”