Opinion- Page 3

September 4, 2026

The Next Arms Race Will Be Fought in Markets

For most of modern history, military power has been measured in visible things: armies, ships, aircraft, missiles and, eventually, nuclear weapons. But behind every weapon is a less visible architecture—capital, technology, minerals,

A Tariff that Taxes Trust

On Monday, President Trump signed three proclamations imposing 50 percent tariffs on a wide swath of Canadian goods — wine, hockey sticks, cement, electrical equipment, machinery, and more — under Section 338
July 21, 2026
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