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Trump’s Wars of Whim, And How He Loses Them

There’s been a blizzard of commentary about the breakdown of U.S.-Canadian trade talks. Friend of TPM Paul Krugman has a good rundown of just how dependent the U.S. is on key Canadian exports — oil, lumber, hydropower electricity in addition to many other commodities. Of course, the U.S. is a net exporter of oil. But that’s in aggregate. As Paul explains, the details aren’t that simple. The upper Midwest gets most of its oil from Canada while a …

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Talking Points Memo broke the news in New York, United States on Monday, August 24, 2026.
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