Rarely have we witnessed a public official stretch so far. But somehow, Canadian Finance Minister Bill Morneau found something positive to say about an undeniably negative outcome.
Steve Mnuchin, the US Treasury secretary, had just sabotaged the Group of Twenty (G20) consensus on trade, refusing to accept communiqué language that would commit, rhetorically, the world’s most powerful economies to reject trade protectionism.
Rather than outrage, Morneau expressed understanding, even though his country is more reliant than most on a system that allows goods and services to travel smoothly.
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