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Monday, May 13, 2024

Industry leadership is needed to stabilize Canada's economy - Toronto Star

With less than six months until the U.S. elections, Canadians are fretting over a potential Trump 2.0 presidency and what it means for trade, given his last tenure and campaign promises to impose a 10 per cent tariff on imports. But viewing November as a “fork-in-the-road” leading in two different directions misses a broader on-going shift in U.S. trade policy.

A better metaphor for thinking through the road ahead is offered by the “Three Body Problem” popularized by the Netflix series based on the novel by Caixin Liu. It borrows from the mathematical quandary where three large mass bodies orbit around each other in a chaotic manner that eludes an analytical solution. Liu creates a fictional civilization whose planet is in the field of three suns exhibiting the chaos of the three body problem. There are periods, known as “stable eras,” where the planet can safely orbit around one of the suns, but over time one (or both) of the other suns would get close enough to disrupt the pattern ushering in a “chaotic era” with apocalyptic consequences for the tiny planet.

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Industry leadership is needed to stabilize Canada's economy - Toronto Star
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