Justin Hayden Miller breaks down Canadian Prime Minister Mark Carney's explosive Davos speech at the World Economic Forum. From tariffs weaponized as leverage to supply chains exposed as vulnerabilities, explore how great powers are accelerating chaos in international commerce. Is this a rupture or a salvageable transition? Miller unpacks the geopolitics with sharp insights, drawing on analogies from science and history to make sense of the turmoil.

Key Topics Explored:

The end of the rules-based international order: Carney's blunt take on economic integration turning into coercion.
Middle powers' survival strategies: Building alliances, strategic autonomy in energy, food, and critical minerals.
Tariffs and trade wars: Reactions from figures like François Hollande on balancing power with the US, plus insights from US trade attorney Peter Quinter on free trade's role in global peace.
Geopolitical risks: From EU's anti-coercion tools to the prisoner's dilemma in modern trade negotiations.
Forward-looking trade shifts: Multiplex alliances, resource cartels, and the race for critical materials like copper.

Featuring audio snippets from Carney's iconic address and a voiceover of François Hollande's advice concerning European trade policy regarding the US.

Link to Mark Carney’s speech on the excellent WEF World Economic Forum website: https://www.weforum.org/stories/2026/01/davos-2026-special-address-by-mark-carney-prime-minister-of-canada/

Global Trade Deciphered is essential listening for business leaders, policymakers and anyone tracking global economy trends.

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Thumbnail image of Mark Carney, © Lëa-Kim Châteauneuf, reproduced by kind permission: licensed under the Creative Commons Attribution-Share Alike 4.0 International license, c.c. https://commons.wikimedia.org/wiki/File:2025-11-14_InaugurationREM_Deux-Montagnes_Mark_Carney.jpg ; photo cropped and lightly modified by Global Trade Deciphered.

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Mark Carney’s Davos Rupture: Why Global Trade Rules Are Dead (And What Comes Next)