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Roundup: Cautious optimism on trade barriers

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Anita Anand told reporters yesterday that she is making progress with provinces when it comes to eliminating interprovincial trade barriers, which sounds great. In fact, she claims that some of those barriers could be “wiped away” in the next thirty days. It would be great news if that’s true, but I have my doubts because these barriers are incredibly difficult to harmonise around the country, and they’re mostly differing regulations, which are perfectly valid exercise of provincial powers. They’re extremely difficult to harmonize because sometimes they differ for a reason. Kevin Milligan explains in this thread if you click through. (He also throws cold water on the notion that we could or should join the EU).

I have to say that I am very curious regarding the method by which Anand is securing these changes, because I have heard no chatter about provinces being willing to surrender some of their provincial sovereignty in order to eliminate some of these barriers. I have also heard nothing about any kind of common regulatory body that could make determinations and that the provinces would adhere to, because they’ve all eschewed a common securities regulator, which should be low-hanging fruit for regulatory harmonisation, and yet… That would seem to imply that they have been establishing some sort of framework around mutual recognition of standards or credentials, but as of yet we have no real details.

The other note of caution I would make is that even if these barriers were reduced or eliminated, it would take time to reorient supply chains east-to-west rather than north-to-south, so there would be no immediate cushioning effect from any Trump tariffs. People will need to have realistic expectations about what this will achieve, particularly in the short-to-medium term.

Ukraine Dispatch

Ukraine is blaming an explosion at a draft office in Khmelnytskyi region that killed one person and wounded several others as a series of Russian spies orchestrating attacks. 150 Ukrainian POWs were returned in a prisoner swap with Russia. Here are some of the details about how Ukrainians captured two North Korean soldiers fighting in Kursk region. Ukrainians are also noting a marked improvement in the accuracy of North Korean missiles fired at Ukraine.

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