Canadian economy

Europe should be careful in wishing for their own Trump

When I visited Toronto with a UK delegation last winter, conversation focused on the issues of immigration, housing and inflation that were contributing to the unpopularity of Justin Trudeau, who finally announced his resignation as prime minister last month. The prospect of Donald Trump’s return to the White House was the slumbering python in the chandelier above the conference table: I sensed our hosts preferred not to think about how bad it might turn out to be. Well, now they know. In response to Trump’s declaration of 25 percent tariffs on Canadian goods, plus 10 percent on imported energy, Trudeau retorted with tariffs on many billions worth of US products.

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Justin Trudeau is tanking Canada’s economy

In September the leaders of the world’s most powerful nations met in New Delhi for the annual G20 Summit to address such heady matters as the war between Russia and Ukraine, the future of energy production and the criticality of food security. Everyone smiled for the cameras, shook hands politely and agreed to do their best to do something about everything, just so long as they weren’t asked to make any enforceable commitments. At the end of the weekend, all the great men and women of the world put their shoes back on, took one more group photo and bid adieu to their friends (and enemies). Then they all headed for home. All, that is, except one.

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