Power & Politics Weekly Wrap: Trump loses big on tariffs. Is his Plan B even worse?
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Feb 21, 2026 Carlene Variyan, former chief of staff and policy strategist; Zain Velji, ex-Alberta NDP strategist; Michael Solberg, former Harper staffer and trade analyst. They unpack the U.S. Supreme Court tariff ruling, Trump's 10% global tariff threat and possible exemptions for Canada. They also debate economic fallout, diplomatic responses and the political ripple from a high-profile floor crossing.
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Court Ruling Creates Mixed Trade Signals
- The U.S. Supreme Court ruling limits Trump's broad tariff powers but adds political uncertainty for trade policy.
- Michael Solberg and Zain Velji say the decision creates both economic pain and diplomatic leverage for Canada.
Accelerate Market Diversification Now
- Canada should use the political opening to accelerate diversification away from the U.S. market.
- Carlene Variyan recommends expanding trade with India, Japan and the Indo‑Pacific while talks with the U.S. remain unpredictable.
Political Fallout May Strengthen U.S. Opposition
- The court decision exposes President Trump domestically and gives U.S. Democrats and moderate Republicans new political ammunition.
- Michael Solberg argues that midterms could amplify leverage against chaotic executive trade moves.