Yeah, that was never a realistic notion. Economically speaking a trump is a rogue actor. Gems ideologically committed to choices that betray his macroeconomic illiteracy. He’s making choices that, big picture, are bad for American consumers and businesses. But he’s making those choices (largely long-discredited mercantilist/protectionist ones) because they play well politically in the short term to some people who are keen to wave the flag but. Or at all keen to crack open an economics textbook. It’s the epitome of short term thinking.
You cannot ‘wipe the floor’ with someone like that. You can manage the problem as best you can, and try to mitigate harm and shape what you’re able.
Carney’s advantage vis a vis Trump, over anyone else who might have been leading our government, is that Carney is an unquestionably prominent and successful ‘money guy’. He can speak very fluently the language that Trump imagines himself speaking. He also has quite a bit of influence with other world financial leaders in building coordinated responses to American irrationality. And because he has a solid grasp of macroeconomics, he’s well poised to understand the impacts of various U.S. policy choices on Canada’s economy without having to have it explained to him. That’s a good thing.
But Trump will do what Trump will do and there’s not a lot we can do to curb that save for playing to his personal vanity and speaking the language of deals to try to mitigate harm. Some storms you just have to ride out and hope you have someone who knows their stuff at the helm.