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Colby Cosh: The misguided American foray into economic protectionism

As we all struggle to estimate the fallout from President Donald Trump’s “Liberation Day” blanket tariffs, a couple of relevant readings. Monash University economist Zac Gross is a lucky Australian who has the unique privilege of calling his Substack newsletter “Gross National Product.” On Wednesday, Gross made the point often heard from economists, and never from politicians, in countries faced with surging United States economic nationalism: a pure “tit-for-tat” strategy of counter-tariffs does nothing but add to the anti-growth effects of the original injury to trade. It’s smarter to look for pure wins that lower other trade barriers rather than raise new ones — and one obviously available for countries like Canada and Australia is to defect from U.S. intellectual-property maximalism. Read More
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Chris Selley: Robert Carney’s story is the story of Canada Liberals don’t talk about

Reasonable Canadians should be able to agree, I think and hope, that Mark Carney needn’t answer for anything his father Robert Carney did or said as principal of a federal Indigenous day school in the Northwest Territories — or for any of the things he said in that capacity, or later on as an academic at the University of Alberta. Read More
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Conrad Black: Carney is fearmongering his way into the PMO

As was widely predicted, including in this column, U.S. President Donald Trump's initial brinkmanship remarks about Canada and tariffs were his usual shock and awe technique for commencing negotiations. At his "Liberation Day" ceremony on the White House lawn on Wednesday, almost no new tariffs were proposed for Canada and his only direct references to Canada were about our exorbitant and antediluvian supply management measures that cushion the incomes of a large number of Canada's farmers with artificially inflated prices. This has been a particular bugbear of People’s Party Leader Maxime Bernier and a ludicrous anomaly that we should not have needed the president of the United States to highlight for us. The best way to deal with farm income insufficiencies is direct income supplements to the farmers, not forcing the entire population to overpay for what they put on their breakfast table. Read More
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