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Washington may be able to impose greater costs on Canada, but by weaponising its largest market, it is encouraging its closest economic partner to build alternatives to American dependence and change the centrality of the American market fore ver.

Canada’s landmark submarine deal with Germany signals more than defence modernization—it reflects Europe’s growing quest for strategic autonomy as Washington retreats from traditional alliance leadership. Yet by opening a new Arctic front against Russia while loosening transatlantic cohesion, the pact risks exposing NATO’s deepening fractures rather than reinforcing its collective strength.

To weep or to laugh? Deciding on how to finish the line from Boris Pasternak will depend on your mood. The motto of our column is “It could be funny if it weren’t that sad.”