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Liberation Day 2.0
From bondeconomics.substack.com
The latest crisis of the weekend was the announced tariffs on selected European countries for their decision to base a tripwire force in Greenland. Since Canada was not initially in the tripwire force, we were spared. The most likely scenario appears to be that Trump is distracted by something else, and this trade war largely fizzles out — although last year’s trade deals may be victims. This appears to be a “I’m taking my ball and going home!” act by someone who is mad at an unexpected loss. However, everybody in Europe cottoned on to what the Canadian Liberals figured out last year (and the Conservatives ... (full story)
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