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Round one 12 months ago was a mistake. Elbows up when everybody else caved and went elbows down was a mistake.

Carney learned the right lesson, though. As Europe has learned, elbows down is also a mistake. The right approach is elbows up as a unified response.



The only mirage of 'elbows down' I've seen is pen to paper, elbows on desks. Action through words.


There's been lots of true action

- tariffs on American goods - embargoes of American liquor - trade deals with China and other nations - travel to the US down substantially




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