Canadian businesses and policymakers are grappling with the implications of increasing protectionism, highlighted by Trump's trade threats. Global leaders, like Modi in India and various populists in Europe, reflect a wider trend of retreat from free trade. Experts warn that decisions made today may entrench isolationism and threaten the global trading order. The rhetoric around trade is shifting, suggesting a growing resistance to globalization akin to movements seen in the past, as articulated by political leaders and economists alike.
There is a ton of populist rhetoric and we are certainly not in the golden age of a Clintonian 1990s, when everyone was holding hands in a post-Cold War, Kumbaya session.
We are moving to a less free-trading world, simply because there are decisions being taken right now that may not be irreversible, but they will lock us in.
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