Elbows up, again: a US-Canada trade flare-up

日本冰河期一代

The Intelligence from The Economist

2026-08-24

21 分钟
PDF

单集简介 ...

Promising trade talks imploded after a literal 11th-hour change from the American side. We examine the new trade barriers being erected, and the complex calculation for Prime Minister Mark Carney. In Japan Gen X workers are even still bearing the costs of an economic bubble-burst from the 1990s. And how fates of civilisations have turned on sieges throughout history.  Guests and host: Hal Hodson, Americas editorMoeka Iida, East Asia reporterRichard Cockett, senior digital editorJason Palmer, co-host of “The Intelligence” Topics covered:  Canada, the United States, tariffs, Mark Carney, trade warJapan, Gen X, labour marketsieges, world history Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.
更多

单集文稿 ...

  • The Economist

  • Hello and welcome to The Intelligence from The Economist.

  • I'm Jason Palmer.

  • Today on the show, the struggles of Gen X workers in Japan's labor market

  • and how the fates of civilizations have turned on sieges.

  • But first,

  • I'm sitting in a cafe with Torigo Atsushi, a 50-year-old man in Tokyo.

  • Mr. Torigo tells me about the time he graduated.

  • Moeka Iida is an East Asia reporter for The Economist.

  • It was a time of bad economic conditions, he says.

  • All he could find was low-paying jobs.

  • Mr. Torigo has spent most of his career working in the stock rooms of a luxury fashion firm.

  • His income has barely gone up over the years and recently it actually fell.

  • His employer suddenly cut bonuses and revised its payment scheme.

  • But then, to his surprise, he came across recruitment ads by the firm

  • offering higher base salaries for younger recruits.

  • His predicament is emblematic of something broader in the country.

  • He belongs to the country's so-called employment ice age generation.

  • So what does that mean?

  • Why is it called that?