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Canada Doubles Tariffs on US Steel Products up to 50% | Balance of Power 08/25/2026
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August 25, 2026
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49:47Now Playing"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Ontario Premier Doug Ford says Canada should answer US tariffs “tariff for tariff and dollar for dollar,” but urges President Donald Trump and Prime Minister Mark Carney to reach a fair agreement. Sen. Ted Cruz (R-TX) says tariff threats should be used to open markets, lower trade barriers and expand trade—not to keep tariffs high indefinitely. Michael Faulkender, Former Deputy Secretary of the United States Treasury, says Kevin Warsh should reinforce his commitment to bringing inflation back to 2.0%, while arguing that energy-driven price pressures do not justify an interest-rate increase.
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