Balance of Power

Canada Breathes In as Trump’s Tariffs Squeeze the World

Mark Carney’s decision to stand up to Trump prompts 35% rate, following a pattern of US economic coercion.   

Mark Carney at the Walters Group steel construction facility in Hamilton, Ontario, on July 16.

Photographer: Arlyn McAdorey/Bloomberg

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As the world digests Donald Trump’s self-declared tariff day, a heavy fog shrouds what happens next.