Munk Dialogue with Andrew Coyne: Trump loses his bargaining power and has Mark Carney's “elbows up” promise delivered?

Iranians appear to be enjoying maximum leverage over the Trump administration. The argument goes that Trump had to act as he did to avoid severe risks to the global economy—an outcome that raises questions about the limits of his “master dealmaker” image.

Why is JD Vance positioning himself as the deal’s chief cheerleader, exposing himself to sustained political scrutiny? And how are figures like Xi Jinping and Vladimir Putin likely interpreting these developments? For some, it may signal a setback for American credibility and global leadership.

In the second half of the show, Rudyard and Andrew turn to domestic politics. As the House of Commons prepares to break for the summer, they assess the Prime Minister’s performance over his first 14 months in office. Having set high expectations during the campaign—including an “elbows up” approach to Donald Trump—has Mark Carney's government delivered policies that meet the moment?

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