In Ernest Hemingway’s The Sun Also Rises, Mike Campbell described how he went bankrupt: “Gradually, and then suddenly.” Over the past weeks, there is a feeling that US President Donald Trump and his administration have reached the “suddenly” bit.
First, Canada’s Prime Minister Mark Carney captivated a World Economic Forum audience when he described the “rupture” in the rules-based order, a “bargain” that “no longer works”: leaving middle countries like Canada with no choice but to dilute their…
