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Nobel Winner Explains the 'Absurd' Reason Trump Has Already Lost

Summary by Alternet
Over the weekend, President Donald Trump dragged the United States into an “absurd” new war that he’s already lost, even if he refuses to admit it. This is according to Nobel Prize-winning economist Paul Krugman, who explained on Monday why Trump’s new “dominance display” has already failed. As Krugman writes, “Two years ago the idea of a trade war between Canada and the United States would have seemed absurd. Canada was our closest ally, a nati…

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TVA NouvellesTVA Nouvelles
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Le Journal de QuebecLe Journal de Quebec
Lean Left

Several political and public figures, both in Canada and in the United States, have reacted strongly to the Washington decision.

·Montreal, Canada
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Lean Right

The failure of the trade negotiations between the United States and Canada resulted in the immediate imposition of US tariffs of 50% on about $20 billion in Canadian products. The collapse of the dialogue led to a severe diplomatic crisis, with the Government of Canada declaring that the two countries are formally in commercial war. It is recalled that the President of the United States, Donald Trump, has repeatedly referred to Canada as the 51s…

·Lisboa, Portugal
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Canada faces a trade war with the United States in the face of the expectation of continuing to apply measures of reprisals against each other, said Canadian Prime Minister Mark Carney. The United States and Canada failed to conclude a trade agreement this Friday, which led to the imposition of the last round of tariffs of 50% by President Donald Trump on 20,000 million dollars in Canadian exports. These tariffs affect 5% of Canada’s exports to …

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Trade talks between the United States and Canada broke down over a number of issues on which the text of the potential agreement conflicted with what, according to the Canadian side, agreement had been reached.

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The U.S. President attacked Ottawa after the breakdown of negotiations; Mexico keeps its trade dialogue with Washington open

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oem.com.mx broke the news on Sunday, August 23, 2026.
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