New U.S. tariffs are narrowly targeted
6 Video Views·Jul 27, 2026
U.S. President Donald Trump's latest threat to impose 50 per cent tariffs on a wide swath of Canadian goods is more narrowly targeted than first feared, argues Royce Mendes, head of macro strategy at Desjardins. He sees the new tariffs as part of an intensifying negotiations strategy ahead of U.S. midterm elections in the fall. (July 21, 2026)
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Video Summary
AI GeneratedThe announcement of a 50% tariff on certain Canadian goods marks a significant escalation in US-Canada trade tensions. While the tariffs are targeted—affecting only about 5% of exports—the primary danger lies in the resulting business uncertainty and the potential for negative knock-on effects on household job security as part of a broader negotiation strategy.