Month: August 2026 (Page 2 of 12)

Trump’s tariff war with Canada is putting vulnerable GOP candidates in border states in a precarious position about 10 weeks out from the midterms, with economic anxiety already running high, report Mallory Wilson and Julia Manchester at The Hill.

Trump’s 50% import taxes on $20 billion worth of Canadian imports took effect on Saturday after bilateral negotiations collapsed at the eleventh hour. Trump threatened to also impose 50% import taxes on cars, trucks, auto parts, and steel to take effect on Jan. 1, 2027.

Some strategists say the impact on Americans, particularly in states with close economic ties to Canada, will only compound GOP challenges around affordability, with voters losing trust in Republicans to handle the economy.

Trump is headed for a clash with Senate Republicans over his decision to pause tariffs on beef imports while ratcheting up tariffs on key Canadian goods, reports Alexander Bolton at The Hill.

Trump’s plan to exempt 300,000 tons of product for ground beef from out-of-quota tariffs to address Americans’ concerns about high food prices while simultaneously threatening Canada with 50% import taxes (tariffs on imports) that could impact auto and housing prices has sparked a furious response from GOP senators across the party’s political spectrum.

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The counter-tariffs take effect on U.S. goods from September 8 and ​will impose duties of 15%, 25% and 50% across ​700 products imported from south of the border, reports Promit Mukherjee at Reuters.

In terms of financial support for affected workers ​and industries, Canada announced a $7.5 billion package of new ​and enhanced measures including support for small and medium-sized businesses, a stream for funding cash flows of companies, and support for workers who could ​be at risk due to the new tariffs.

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