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  2. Elbows up, again: a US-Canada trade flare-up
Elbows up, again: a US-Canada trade flare-up

Elbows up, again: a US-Canada trade flare-up

Economist Podcasts · Aug 24, 2026

A US-Canada trade deal collapses over last-minute demands, Japan's Gen X faces persistent economic struggles, and a look at historic sieges.

Canada Needs a Trade Deal with Trump to Diversify Its Economy Away From Him

Canada's leadership faces a paradox: to achieve long-term economic independence from the U.S., it must first secure a trade deal with the Trump administration. This deal is needed to create the stability and investment environment necessary to reorient its economy towards other global partners.

Elbows up, again: a US-Canada trade flare-up thumbnail

Elbows up, again: a US-Canada trade flare-up

Economist Podcasts·a month ago

Quebec's Language Politics Became an Uncrossable Red Line in US-Canada Trade Talks

U.S. negotiators scuttled a trade deal by demanding changes that would weaken protections for French language and culture. With provincial elections looming in Quebec, this was a "political third rail" for Canadian leadership, making the deal impossible and demonstrating how local politics can derail international agreements.

Elbows up, again: a US-Canada trade flare-up thumbnail

Elbows up, again: a US-Canada trade flare-up

Economist Podcasts·a month ago

Japan's Gen X Workers Are Economically Trapped Between Two Advantaged Generations

Japan's "Ice Age Generation" (Gen X) is being left behind again. After entering a weak job market blocked by secure bubble-era employees, they now see pay rises concentrated among younger workers as Japan exits deflation. They are squeezed between a generation that had security and one that has opportunity.

Elbows up, again: a US-Canada trade flare-up thumbnail

Elbows up, again: a US-Canada trade flare-up

Economist Podcasts·a month ago

Rigid Labor Laws Meant Japan's Recession Permanently Damaged Gen X's Earnings Potential

Japan's rigid employment system protected older, "bubble-era" workers during the 1990s downturn. This forced firms to freeze new hiring, pushing the incoming "Ice Age" generation into precarious, low-paying jobs. Even for those who later secured stable employment, this poor start led to permanently lower lifetime earnings.

Elbows up, again: a US-Canada trade flare-up thumbnail

Elbows up, again: a US-Canada trade flare-up

Economist Podcasts·a month ago

Symbolic Defeats Like the Alamo Can Be More Influential Than Strategic Victories

Military sieges can be categorized as "utilitarian" (strategically important) or "totemic" (civilizationally significant). The 1836 Siege of the Alamo was a tactical disaster but became a "totemic" event whose rallying cry cemented itself in national culture, demonstrating how narrative can trump military outcomes.

Elbows up, again: a US-Canada trade flare-up thumbnail

Elbows up, again: a US-Canada trade flare-up

Economist Podcasts·a month ago