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The Economic Times
The Economic Times
National

Trump vs Carney: The dealmaker meets his match in a central banker

US President Donald Trump has approached trade with Canada in his signature style of a political dealmaker. He creates urgency, threatens a worse outcome, tries to extract concessions and keeps the other side on the edge.

Canadian Prime Minister Mark Carney has responded in almost the opposite manner, almost in the style of a central banker. He has been the Governor of the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020. Playing by his central banker instincts, Carney has resisted Trump's deadlines, kept negotiations open without accepting terms he considers unacceptable and started reducing Canada's dependence on the US.

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