Canadian Prime Minister Mark Carney is in Strasbourg this week selling a “unique alliance” with the European Union while courting Chinese capital at home. The pitch is straightforward: President Trump’s tariffs and “51st state” taunts make Canada’s century-old economic marriage to the United States too risky. Thus, Canada should diversify toward Brussels and Beijing.
One massive problem: geography, capital flows, language, and supply chains dictate otherwise. These harsh facts on the ground make the European Union option, in particular, a political fantasy.