The Economist: ‘Europe and the rest of the world should take heed. Mr Trump has form in attacking Canada first with weapons which he subsequently turns on others, both tariffs and threats to territory. This time, if the new tariffs come into force on August 19th, Canada will be the first country ever to be subjected to tariffs under Section 338 of the Smoot-Hawley Tariff Act, a law passed in 1930 that allows the president to respond to perceived trade discrimination. Tariffs under that act, unlike the emergency duties struck down by the U.S. Supreme Court in February, need no congressional approval. “This looks a lot like the future of Donald Trump’s trade policy because it gives him flexibility,” says Eric Miller, head of the Rideau Potomac Strategy Group, a trade consultancy in Washington.’

Tariffs, bullying, and humiliation.

The new world order has no time for subtleties.

(a sf 2203)