Most Canadians Back Move to Walk Away From US Talks

Canada is settling in for a prolonged trade fight with its biggest partner. Prime Minister Mark Carney's administration sees no hope of a resolution before the November midterms and is bracing for the tariff war to continue through the end of President Trump's term, reports Bloomberg. (The US imposed 50% tariffs on certain products over the weekend after talks collapsed, and Trump on Monday promised more in January.) Carney has vowed to back affected businesses "for as long as it takes," and he is preparing retaliatory tariffs set to begin Sept. 8, though details remain unclear.

Washington says no new talks are scheduled, with the US trade representative describing the path forward as uncertain. The standoff comes as polling shows about three-quarters of Canadians support Carney's decision to walk away, even as they voice concern about the economic fallout. On the American side, Semafor notes that the US-Canada fight has the potential to further drive up US inflation ahead of the midterms, worsening the spike brought on by the war with Iran. The piece cites a Financial Times poll in which most respondents said they felt "worse off" financially since the start of Trump's second term.