The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge.

The rate will apply in addition to individual “reciprocal” tariffs targeting countries with which the US runs a trade deficit ...

The public may desire a show of strength, but all Mark Carney can deliver is a negotiated surrender. His humiliation will not be a personal failure, but a national one, dictated by the unyielding ...