Trade Breakdown Deepens US Canada Rift
US-Canada trade talks collapsed late Friday, triggering 50% US tariffs on about $20 billion of Canadian goods and a pledge from Prime Minister Mark Carney to retaliate dollar for dollar. Joining Bloomberg This Weekend are Bloomberg White House Correspondent Jeff Mason and Bloomberg Markets and Economic Columnist Jonathan Levin to discuss how the dispute could deepen a lasting rupture between the allies while tariff-driven inflation, rising Treasury yields and the $40 trillion US debt load complicate the administration’s economic message ahead of the midterms.
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