
Stephen Vaughn
Lawyer and former Acting United States Trade Representative
5
APPEARANCES
3
PODCASTS
012
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Aug 31, 2026
Kudlow 08-31-2026
38:12
38:18
38:29
38:38
David AsmanHOST
Wouldn't the Canadians rather to be cozying up to the United States, a democracy, for God's sakes?

Stephen VaughnGUEST
Well, I think it's important to understand they had a deal, right? In other words, it's pretty clear that the trade minister of Canada and the USTR and President Trump were all on board with a deal.

Stephen VaughnGUEST
It looks as though it was a decision by the prime minister to walk away from the deal.

Stephen VaughnGUEST
I think Ambassador Greer has made very clear that we were offering them a deal that was better than has been offered to any other country.
Kudlow 08-24-2026
19:15
19:24
19:39
19:51
22:58

Stephen VaughnGUEST
Yeah, I think it's pretty common that when you're having these trade negotiations, you know, you have an agreement at a high level and then you get to the part where people are sort of actually writing up the terms.

Stephen VaughnGUEST
And I think that as they work together on the terms on Friday, you know, it sounds like a lot of people on the Canadian side, particularly some people close to the prime minister, just weren't comfortable with the terms as they were and that they had agreed to.

Stephen VaughnGUEST
And so ultimately, the prime minister, very late on Friday night, decided to recall his ambassadors, bring everybody back to Ottawa and then put out a statement saying that, you know, he was suspending the talks.

Stephen VaughnGUEST
So, you know, I think they just basically made a political choice that they didn't want to do the deal that they had previously agreed to.
David AsmanHOST
So what's, you know, were they playing with that need that we have for diesel right now in terms of walking out on Friday?
Will the US hit Canada with 50% tariffs?
6:41
6:49
L
6:29Lindsay DuncombeHOST
Uh, do you think these tariffs could ha- could be in place?

Stephen VaughnGUEST
Look, I think what people in Canada have to understand are the real options that are on the table.

Stephen VaughnGUEST
Every country in the world today would take w- you know, the d- the deal that's on the table for Canada.
L
10:33Lindsay DuncombeHOST
Those impacts are already being felt.
Ep. 54: The Cul-de-sac Conundrum: China's Excess Capacity, 301s, 308s, and the USMCA Reckoning
3:01
3:15
3:25
3:32
K
2:55Kellie Meiman HockMODERATOR
Who'd like to start?

Stephen VaughnGUEST
So the 301 tariffs, obviously we've had Section 301 tariffs on China now for eight years, and those tariffs have been upheld by all the courts.

Stephen VaughnGUEST
I think that the case for the government on these 301 investigations is much stronger than it was for the IEPA investigations.

Stephen VaughnGUEST
We have a pretty clear outline of what you have to do under the statute in order to justify these tariffs.

Stephen VaughnGUEST
And I think that, as far as I can tell, USTR has been really thoughtful and cautious about making sure that they're checking all the boxes.
28 MINS LATER
Ep. 47 – The Three B's: Trade Defense, Overcapacity, and Global Tensions
4:08
4:20
4:28
11:05

Stephen VaughnGUEST
And we know now that those tariffs are going to stay in place because the federal circuit issued a stay yesterday, uh, keeping the tariffs in place, uh, despite, uh, an adverse ruling at the court of international trade.

Stephen VaughnGUEST
So those tariffs by statute can only last for around a hundred for 150 days, I think.

Stephen VaughnGUEST
So, um, It's always been the view of the administration that they wanted to have other potential measures that could be in place by that time.
6 MINS LATER

Wendy CutlerGUEST
Well, I just want to ask, when you mentioned the word adjustments, do you mean adjustments on product coverage, but also the rates?

