How to Lose a Trade War

U.S.-Canada trade talks collapsed last night. Punitive Trump tariffs will now go into effect. Canada will reciprocate with retaliatory tariffs of its own. The story may not be over. Donald Trump is notorious for issuing threats, then reversing them. Wars are on, off, on again, off again, then on a third time—but only as a “little detour.” This is not an administration that thinks even one move ahead. But without a supersized Trump TACO, the U.S.-Canada impasse likely won’t resolve soon. The…