Trade war fears rise after US-Canada negotiations fail | Reuters Morning Bid
Mark Carney is vowing dollar-for-dollar retaliation after U.S.-Canada trade talks collapsed late Friday, leaving 50% tariffs on some $20 billion of Canadian imports in place. Oil dips as Scott Bessent prepares to unveil his so-called "economic D-Day" on Iran, with Nvidia earnings and Jackson Hole still to come.
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Video Summary
AI GeneratedThis episode of Reuters Morning Bid discusses the escalation of \"economic warfare,\" focusing on the collapse of U.S.-Canada trade talks and impending U.S. sanctions on Iran. The hosts also preview high-impact market events for the week, including NVIDIA's earnings report and the Federal Reserve's Jackson Hole gathering.
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