What to do in this trade war when inflation and recession strike at once?

Open this photo in gallery: Governor of the Bank of Canada Tiff Macklem delivers a speech on monetary policy at a Calgary Economic Development event in Calgary on March 20.Jeff McIntosh/The Canadian Press Kevin Yin is a contributing columnist for The Globe and Mail and an economics doctoral student at the University of California, Berkeley. No one's life is getting any easier as Canada and the United States enter a bizarre and destructive trade war. But one man's job in particular just got a lot harder: that of Tiff Macklem, the Governor of the Bank of Canada. Normally, a central…