“Here’s what may have actually happened: Trump thought he was going full “madman theory”, unleashing 145% tariffs on China, 25% on Canada, and sweeping “Liberation Day” tariffs on the rest of the world (except, naturally, Russia).

“The goal?

“To scare countries into submission.

“Instead, they blinked…slowly and raised an eyebrow.

“Then proceeded to box him in with quiet, competent precision.

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“Enter Mark Carney, Canada’s new Prime Minister and a former head of the Bank of England and Bank of Canada.

“In other words, a guy who actually understands leverage, not just the political kind, but the kind that moves global markets.

“While Trump was yelling into the internet, Carney was gathering allies behind closed doors, Japan, the EU, France, Germany, the Netherlands, and making one simple pitch:

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“If the U.S. keeps up the #tariff chaos, we start slowly bleeding your #BondMarket.”

“And so they did.

“Not a fire sale.

“Not a bombastic news conference.

“Just a subtle slow bleed of U.S. #Treasury bonds, signaling to investors across Asia and Europe: the dollar is no longer a sure thing.

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“That, more than any chant at a rally, makes markets flinch.

“And it did.

“The dollar slipped.

“Bond yields wobbled.

“Wall Street panicked.

“And then, like clockwork, Trump blinked.

“He called it a “90-day pause” on tariffs. He claimed he just wanted people to “be cool.”

“But here’s what actually happened: he got reverse-UNO’d by people with actual credentials. People who don’t appear on Fox News. People who don’t post memes. People who, wait for it, read economic reports.

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“Even Trump’s own messaging gave away the panic.

“The usual chest-thumping gave way to baffling justifications, half-coherent rambling about people getting “yippy,” and absolutely zero concessions from anyone he tried to intimidate.

“China didn’t cave.

“Canada didn’t cave.

“Nobody flinched.

“The only person who flinched was Trump.

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“And now, the tariffs are still partially in place, but the “Liberation Day” bonanza has been walked back.

“No victory.

“No strategic win.

“Just market confusion, diplomatic embarrassment, and once again, the realization that Trump isn’t playing 4D chess, he’s playing tic-tac-toe with people who wrote the rulebook for chess, built the board, and own the bank that financed the tournament.

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“And that, folks, is how you know we’re not the main character in the world story anymore.

“The grownups in other countries still run financial systems.

“Meanwhile, we have a man in the White House who thinks “getting yippy” is a valid macroeconomic analysis.

“Let that sink in.

“Better yet, let it motivate you, because if other countries can organize to check Trump’s madness…so can we.”

#TradeWar #tariffs #MarkCarney #Canada

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