Davos Debates: Trump's 'Wacko Trade' vs. Carney's 'Third Path' for Nations
Business
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Moneycontrol•24-01-2026, 10:02
Davos Debates: Trump's 'Wacko Trade' vs. Carney's 'Third Path' for Nations
- •Donald Trump's presence at Davos sparked discussions, with his speeches highlighting an 'America First' stance and imposing tariffs.
- •Canada's PM Mark Carney advocated for a 'third path' for middle powers, emphasizing diversified partnerships and strategic autonomy.
- •Trump reacted strongly to Carney's speech, asserting Canada's dependence on the US and criticizing his lack of gratitude.
- •The article introduces the 'Wacko Trade' concept: buying when Trump threatens and selling when he backs down, replacing the 'TACO' trade.
- •Indian markets underperformed due to foreign portfolio investor selling, but the RBI Bulletin and PMI data show optimism for the economy.
Why It Matters: Davos saw a clash of ideologies between Trump's protectionism and Carney's call for diversified global partnerships.
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