US and Canada fail to reach a deal to stave off 50% tariffs. As of last night, the Trump administration is imposing a 50% import tax on $20 billion worth of Canadian goods, after talks to reach a trade deal before the 12:01am deadline for the tariffs to kick in collapsed at the last minute.
Meanwhile, Trump Steaks are back! Trump to allow tariff-free beef imports to bring prices down. President Trump wants the burgers at your Labour Day cookout to be cheaper: He said on Truth Social that the US will “allow up to 300,000 metric tons of product for ground beef to be imported with no out-of-quota tariff” over the next three months. He said the beef would be sold at 25% below current market prices.