Trump Turns Up Trade War With Canada 

The WSJ editorial reiterates its longstanding opposition to broad tariffs, arguing that recent court-ordered refunds demonstrate who actually paid the costs: American importers and, ultimately, many consumers. The paper maintains that trade wars generally inflict significant economic damage while delivering fewer benefits than their supporters promise. 

Trade negotiations between the United States and Canada collapsed on Aug. 21, 2026, triggering a new escalation in the economic dispute between the two longtime allies. As a result, new 50% U.S. tariffs took effect on roughly $20 billion worth of Canadian goods, and Canada announced retaliatory measures.

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The WSJ editorial reiterates its longstanding opposition to broad tariffs, arguing that recent court-ordered refunds demonstrate who actually paid the costs: American importers and, ultimately, many consumers. The paper maintains that trade wars generally inflict significant economic damage while delivering fewer benefits than their supporters promise.&nbsp;
Trade negotiations between the United States and Canada collapsed on Aug. 21, 2026, triggering a new escalation in the economic dispute between the two longtime allies. As a result, new 50% U.S. tariffs took effect on roughly $20 billion worth of Canadian goods, and Canada announced retaliatory measures.
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Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ - Always Online at kmjnow.com 

Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ - Always Online at <a href="https://www.kmjnow.com/">kmjnow.com&nbsp;</a>

Philip Teresi

Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ. Politically independent, socially awkward, and fashionably late.

Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ. Politically independent, socially awkward, and fashionably late.