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24 Aug 2026
21m

Elbows up, again: a US-Canada trade flare-up

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Economist Podcasts

Trade tensions between the United States and Canada remain volatile as Prime Minister Mark Carney struggles to secure a deal amidst the Trump administration’s unpredictable demands, including restrictions on heavy-duty trucks and French language protections. This impasse complicates Canada's urgent need to diversify its economy away from American reliance. Meanwhile, Japan’s "employment ice age" generation—workers who entered the labor market during the 1990s economic collapse—continues to suffer from systemic wage stagnation and precarious employment, posing significant future pension and welfare risks. Beyond contemporary economics, historical sieges function as critical hinge points for civilizations. Whether totemic, like the 1683 siege of Vienna, which shaped cultural identity, or utilitarian, such as the siege of Tyre, these military events often determine the fates of nations and leave lasting imprints on both political and military history.

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