Trade strategy requires patience, but can we afford it?

Opinion

Canada’s retaliatory tariffs against the United States — worth $16.6 billion — will clearly come at a cost, not only to the American economy, but also the Canadian economy. Despite the likely economic fallout from this trade spat, both sides in this dispute are talking about being disciplined and patient and trying to take a measured approach. The more I hear political leaders preach patience in these seemingly early days of a trade war, the more it really scares me, and here’s why: Last week, speaking in Fargo, North Dakota — a state where agriculture is a major economic driver…