The Economist

Hello and welcome to the intelligence from The Economist.

I'm Rosie Bloor.

And I'm Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

Concord was the stuff of legend. Not since its last flight in 2003 has any commercial plane flown so fast.

But now, you guessed it, some people want to create a new age of supersonic air travel.

And there was a time that a standing ovation was a rare occurrence, spontaneous, heartfelt,

the most a genteel theater goer could do to signal their satisfaction. These days, well,

you just know everyone's going to get up, even if the show was a stinker.

First up, though.

America, Canada, and Mexico are, or maybe were a striking example of the merits of free trade,

an extremely economically integrated neighborhood.

But as promised, President Donald Trump is unraveling that story.

NAFTA and its successor treaty, the US USMCA became historical documents when Mr. Trump announced

25% tariffs on goods from Canada and Mexico. To someone who misunderstands tariffs effects,

it looks like an easy win, but not an entirely pain-free one. Tariffs don't cause inflation, they cause success.

It cause big success.

So we're going to have great success.

There could be some temporary short-term disruption.

The disruption isn't just in the Americas.

This first protectionist salvo also piled 10% tariffs on Chinese imports in addition to existing levies.

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