The Bulwark Podcast

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Susan Glasser: Our Money-Grubbing President

Explore episode Jul 2, 2026

Where this was said

USMCA Non-Renewal: Trump's Monarchical Trade Policy

At 31:20 · chapter starts 29:50

Tim Miller flags the strange decision not to renew the USMCA, noting Trump has called it 'the best trade deal of all time.' Susan Glasser explains this isn't inconsistency — it's design. Trump's preferred economic governance is monarchical: not predictable rules and treaties, but munificent decisions from a tsar who doles out favors and punishments personally. She adds that Trump's animus toward Canada is increasingly personal — directed at Prime Minister Mark Carney, who has built a profile as the leader of middle-power resistance to Trump's brand of authoritarianism. Claudia Sheinbaum in Mexico has similarly shown backbone. The result for farmers, Tim notes, is one hit after another — and yet rural support for Trump remains durable, which Susan suggests is itself part of what Trump finds gratifying: proving his base will tolerate any humiliation.

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