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The Intelligence from The Economist

Man of steel, and aluminium: Carney talks trade with Trump

The Intelligence from The Economist

The Economist

News, Daily News, Global News

4.6 • 3.6K Ratings

🗓️ 7 October 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

The swiftest way for Prime Minister Mark Carney to ease pressure on Canada’s economy is to convince President Donald Trump today to pare back tariffs. But he has far broader plans afoot, too. A heady online mix of e-commerce and entertainment is creating a new generation of shopping addicts. And why John Singer Sargent’s posh-folk portraits are again in fashion.


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Transcript

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0:00.0

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0:08.3

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0:15.8

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0:19.3

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0:28.3

The Economist.

0:35.6

Hello and welcome to the intelligence from The Economist. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world.

0:49.6

When cable television first took hold, new kinds of programming got people buying, infomercials and shopping channels.

0:57.0

Now that same mix of commerce and entertainment is starting to play out online, creating a new generation of shopping addicts.

1:06.0

And John Singer Sargent was the most prolific American painter of the 19th century.

1:13.1

For a while, his lush portraits of the well-heeled went out of fashion.

1:17.5

But in an age where sneaky looks into luxurious lives are all the social media rage, he's back.

1:27.1

First up, though.

1:35.6

President Donald Trump likes to say that in negotiations with Canada, America holds all the

1:41.2

cards.

1:42.4

Yet Prime Minister Mark Carney points out that Canada can get dealt in elsewhere.

1:47.0

And yes, we're going to spend more time to extend the analogy in the game with the United States,

1:52.0

but we're going to play other games with other players.

1:55.0

Mr. Carney will be in Washington today to talk with Mr. Trump about trade barriers,

2:00.0

barriers that are starting

2:01.7

to weigh on Canada's economy, and so to weigh on Mr. Carney himself.

2:07.6

Mark Carney's government enjoys one of the highest, definitely the highest approval rating

2:11.5

of any big Western country, but it has started recently to slip.

...

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