Munk Dialogue with Andrew Coyne: Trump’s trade tantrum and will Mark Carney’s first federal budget meet the moment?

October 28, 2025
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Munk Dialogue with Andrew Coyne: Trump’s trade tantrum and will Mark Carney’s first federal budget meet the moment?

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Rudyard and Andrew try to make sense of the Canada-US trade chaos of the past 72 hours. Andrew offers two interpretations: either Trump was looking for a reason to walk away from the table as a negotiating ploy, or he is a genuinely needy child who cannot tolerate criticism. Canada is not the unreasonable party here. Is there a point to negotiating at all if we can’t have confidence that the agreement will be respected? Trump is ratcheting up turmoil on a weekly basis to the point where the public is being numbed into submission. What will happen if the U.S. Supreme Court strips Trump of his trade powers? Rudyard and Andrew then turn to the upcoming Canadian federal budget. What are Mark Carney’s priorities? As the leader of a minority government will he attempt the bold action required to address our productivity and trade crisis? And if he fails, are we headed for a spring election?

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