Episode Details

Canada’s $20 billion in U.S. exports are under threat from 50% tariffs set to hit August 19th — a bold move using a rarely used 1930s law aimed at forcing Canada back to the table on steel, aluminum, and lumber. While Canadian officials scramble in Washington for a last-minute deal, experts doubt a balanced outcome, warning tariffs may still go into effect — or return in modified form. The U.S. appears more focused on political wins than real concessions, potentially demanding trade-offs on alcohol, autos, or dairy. Market reactions could force quick reversals, but the real test is whether symbolic gestures from Canada will satisfy Washington — or if major policy shifts are demanded before the tariffs even kick in.

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