The practical problem Prime Minister Mark Carney faces in negotiating a new trade and security deal with President Donald Trump is that Canada is firing blanks with its retaliatory tariffs against the U.S.
The issue, as Carney noted in explaining why “dollar-for-dollar” tariffs against the U.S. won’t work — after he initially supported them while running for the Liberal leadership — is that the U.S. economy is 10 times the size of Canada’s.
