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Treasury Secretary Scott Bessent acknowledged the effort was more of a warning shot that would begin a period of "quiet diplomacy."
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(Main headline, 2nd story, link)
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CANADA THREATENS ELECTRICITY CUT TO USA
WSJ: DON'S DUMBEST!
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The ultraconservative congressman who has broken with the president on spending is hoping voters reward his experience, contrarian streak and all.
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(First column, 2nd story, link)
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UPDATE: Canada retaliates against USA...
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(Main headline, 1st story, link)
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TRADE WAR SPIRAL
WSJ: DON'S DUMBEST!
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The U.S.-Canada trade war is deepening after talks collapsed without a deal on Friday. Canadian Prime Minister Mark Carney accused the Trump administration of issuing demands that would compromise Canada's sovereignty and undermine key industries. On Saturday, the United States slapped 50% tariffs on around $20 billion worth of imports from Canada, and Carney announced retaliatory tariffs on $20 billion of U.S. products set to go into effect on September 8.
"Canadians are sick of this," says Avi Lewis, leader of Canada's progressive New Democratic Party. He says that while the Liberal government has correctly identified voters' anger, its policies still favor international investors and the fossil fuel industry rather than truly "Trump-proofing" the economy.
We also speak with trade expert Lori Wallach, who says the U.S.-Canada trade war is pitting Trump's vision of "oligarchic trade grift" against a dead neoliberal consensus represented by Carney. The two countries have balanced trade, and Wallach says the United States is being far more lenient with China despite Beijing's much more serious threat to the U.S. and wider global economy through its "beggar-thy-neighbor" policies.
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It comes after Moscow warned of "consequences" over the reported use of British drones by Ukraine.
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With an unpopular war and high prices agitating voters, members of both parties see parallels to an election cycle when Democrats romped. But a lot has changed.
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"I think the last thing we need right now, as our economy is getting back on its feet, is a trade war with Canada," the former vice president told CNN.
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