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Terence Corcoran: The Trump-Carney trade war against market capitalism

When governments decide where and when to build and invest

The apparent unravelling of the Canada-United States trade relationship should make it clear that it is time to face reality: Under President Donald Trump, the promising era of freer trade is over and this is the beginning of a new post-capitalism economic order.

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As I watched news coverage of the Canada-U.S. trade talks over the past week, there was always one good reason to believe that they would crash and burn. As far back as August 2025, news reports announced that Trade Minister Dominic LeBlanc had held “constructive” talks with U.S. Commerce Secretary Howard Lutnick. The question then and now is: How is it........

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