[jmyeet]

Agreed on the potash but I was referring to the impact on food prices, which is still to come. Although Canada still exports almost all of its energy via the US so this street goes two ways.

The nature of trade is a complex web of many interdepdencies and this applies to war too. Like for awhile, the US was letting Iran-flagged ships headed to China and Chinese-flagged ships to pass through the Strait. Why? Because of the repercussions of an energy blockade on China to the US and its allies. China produces like 30-40% of the world's "stuff". China dominates rare earth production and an export ban on that would cripple the US military long-term.

Part of the reason the US is going it alone in Iran is because of all the torched good will from the tariffs. You broke it, you bought it. This event is a seachange in the international order that will take years to play out. What's ironic is that the US designed this international order post-WW2 for their own benefit and they're probably going to destroy it in a single presidential term.