Canada Tariffs, Bessent's Remarks: BI Washington Policy Pulse (August 24th, 2026) | Balance of Power

With Congress still out and the week of Aug. 24 likely light on policy developments, the Bloomberg Intelligence's Aug. 24 Washington Policy Pulse call focused the US 50% additional tariff on roughly $20 billion of Canadian imports that took effect on Aug. 22 as well as Trump's Aug. 24 remarks that forthcoming tariffs were coming for the Canadian automotive industry. Canadian Prime Minster Mark Carney has vowed to respond with dollar-for-dollar retaliatory tariffs beginning Sept. 8, which could influence Senate races in Ohio, Maine and Alaska.

Finally, we reviewed a White House meeting last week with executives from Coinbase, Intercontinental Exchange and Nasdaq and how it didn't do much to move the crypto bill known as the CLARTY Act forward. We continue to ascertain a 40% chance of passage in 2026.

The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington DC.

The call is open to all and is held every Monday at 1000 a.m. EST. You can register for the call here

See omnystudio.com/listener () for privacy information.

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.

Subscribe to Bloomberg Podcasts

Listen to more Sound On

#Bloomberg #Podcast #Politics

Follow Bloomberg Podcasts on Twitter

Visit our other YouTube channels:

Bloomberg Television

Bloomberg Originals

For coverage on news, markets and more