Washington is pushing hard on trade and oil at the same time, and both moves look likely to cost more than they deliver — bad news for US manufacturers and the dollar.

• Trump is offering zero tariffs to lure Canadian firms south, but companies moved north for lower taxes and cheaper operating costs in the first place.
• The trade war is pushing the other way: Canadian provinces pulled US liquor off shelves, and at least one American distiller shifted work into Canada after losing that market overnight.
• US manufacturing is getting more expensive as diesel heads back toward $6 a gallon on the Iran conflict and the Hormuz blockade, while jobs numbers were revised sharply lower instead of higher.
• The Venezuela deal hands the US majority control of a huge oil concession at cost price, but heavy Venezuelan crude needs billions in upgrades before it fits US refineries or the strategic reserve.
• The bigger problem is money creation — the money supply has grown by hundreds of billions this year, so anything returning under 6% a year is losing purchasing power.

Outlook: Expect more improvised interventions — bond buybacks, oil grabs, tariff threats — with oil prices swinging on every new post about striking Iran's export hub.