The first skirmish in the US-China trade war just concluded and Mark Carney is left licking his wounds.
Canadian Prime Minister Mark Carney said his government will allow automakers to import US-manufactured cars and trucks without tariffs, as long as the companies continue to build cars in Canada, and continued with previously announced expansions. Which of course, they all will vow to do – after all, there is no downside to a promise – meaning Canada just conceded to a key Trump demands.
h/t DS
