Beau of The Fifth Column

Markets like predictability.

Trump is trying to downplay the massive backfire that just occurred.

Quote,

Well, it's okay.

That's what he should be doing, and it's a good thing for him to sign a trade deal.

If you can get a deal with China, you should do that.

Let's be clear.

Trump's tariffs were meant to strong-arm Canada on the economy.

The problem is that Canada put a world-renowned economist in the prime minister's slot.

Trump was simply outmatched.

Carney has pursued other economic partners, while Trump continues to alienate ours.

Trump's trade war in Asia may be unwinnable.

China has no reason to work with the U.S.

because they're gaining influence and we're losing it.

My guess is they'll start stringing him along the way Russia does.

So what's in the deal?

The headline stuff is important.

There's reduction on tariffs for Chinese electric vehicles coming into Canada, which will probably lead to Chinese investment in Canada.

Then there's reductions on tariffs for Canadian agriculture products heading into China.

Imagine a country's leader trying to get better market access for farmers.