Episode Details

Canada just dropped tariffs on U.S. lobster — a huge win for Maine’s fishermen — but don’t celebrate yet: Ottawa’s hitting back with new duties on American booze, cars, dairy, and steel, set to launch September 8th. Worth $27.6 billion, these retaliatory tariffs are dollar-for-dollar in response to U.S. trade actions. While governments announce the moves, it’s businesses paying the price — and voters are feeling the squeeze on both sides. Trade talks are dead, politics are heating up (Michigan politicians already using it as ammo), and economists warn this could hurt investment and raise prices — all while the White House insists it won’t matter much.

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