The Damage Report
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Trump's Tariff Plan BLOWS UP In Financial Disaster As Canada Attacks Get Worse
Posted
July 23, 2026
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9:28Now PlayingDonald Trump's disastrous tariff plan on imported drugs blows up in massive financial consequences for US residents and has massive impact on Canada trade as Trump's insane attacks on Canada get even worse. John Iadarola breaks it down on The Damage Report. Leave a comment with your thoughts below!
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What to Know About Trump’s Tariffs on Canada, and What’s Next
"On Monday, President Trump added new 50 percent tariffs on a slate of Canadian goods, adding more pressure on one of the United States’ top trading partners and further straining a once close alliance. The move by Mr. Trump was a significant escalation of the trade war between Canada and the United States that he started well over a year ago.
Theses tariffs, as well as those that came before them, violate the trade agreement that United States, Canada and Mexico signed during Mr. Trump’s first term.
While Mr. Trump threatened to bring tariffs against Canada last week over wildfire smoke that was crossing the border, he has not linked the new tariffs to that. Rather, his administration is using an obscure, never tested piece of trade law to penalize Canada, in the view of the administration, for discriminating against the United States."
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