Monday, October 1, 2018


Trudeau talked about a free trade network now in place “from Singapore to Kiev”, helping to push merchandise trade to the highest levels in history. But, not to put too fine a point on it, Canada has been played.
Donald Trump used what he called “the power of tariffs” to bully his trading partners into capitulation. He made clear his intent to pull investment back into the U.S. and, despite his eccentricities, has managed to do exactly that.
We are now in a new era of managed trade, where the U.S. has the ability to cap Canada’s growth.

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