There’s little optimism about treasury secretary’s ability to handle Trump’s tariffs, Iran sanctions and colossal US debt
History remembers Gen Dwight Eisenhower, the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will achieve similar posterity as the face of the “economic D-day” in Iran remains to be seen.
The US treasury secretary, already trying to manage a $40tn national debt pile, this week took charge of Donald Trump’s effort to reverse-engineer his war of choice. Whereas the US would typically take on an adversary with diplomacy, sanctions and military force, in that order, the US president started with a six-month bombing campaign and now hopes that economic isolation can finish the job.
Ignore Iran, the Epstein files, and your wallet – not to mention Trump’s plummeting approval ratings
Don’t mention the war! Or the economy, for that matter. Or the Epstein files. Or Natalie Harp. Or “affordability”, which, as Donald Trump recently said at a rally, is a word that was “never used” by the media before he took office. Best not to talk about anything that affects ordinary people or embarrasses the president, really. Instead, let’s all rejoice in Trump’s latest triumph: renaming Lake Ontario, which is shared by Canada and the US, as Lake America.
On Thursday, Trump signed an executive order directing federal agencies to America-fy the lake’s name on US maps and documents, which is an excellent use of time and resources. I suppose we can at least be thankful that the president, who is trying to slap his own name on everything from airports to the Kennedy Center, didn’t decree that the body of water be called Lake Trump.
Avoiding US goods and services – from tech to whisky to air travel – has forced many to find a new way of living
For William McDonald, 38, a diesel mechanic from Thunder Bay, Ontario, “Canadian is always the first choice,” even if it means his weekly bills are higher.
“As soon as Trump started putting those tariffs on in February [last year], I started boycotting US goods,” he said. “Avoiding American products has driven my costs up, and I’m still happy to do it.
The U.S.-Canada trade war has galvanized Canadians behind their prime minister’s decision to walk away from negotiations. What happens when the time comes for talks to restart?
Terrified of being seen as a loser, Donald Trump is nonsensically lashing out – even against our old friend Canada
I’m still grieving Dolly Parton. I never met her and always wanted to. She was almost exactly my age and my height and had values I deeply admired. Her death leaves a hole in the firmament.
Which brings me to the person whose values are as far from Dolly Parton’s as any human could possibly be and still claim to be human. I’m referring, of course, to the current occupant of the Oval Office.
Unpopular new policy comes as midterms loom and control of Congress could be decided by several Michigan races
Every day $1bn worth of goods crosses the river dividing Detroit, Michigan, and Windsor, Ontario, two largely blue-collar US and Canadian cities that have come to act as one in the creation of North America’s auto industry.
News this week of Donald Trump’s escalating trade spat with Canada has everyone worried. Political and economic leaders and observers labeled the move an act of “hubris” , blamed Trump’s “ego”, and called the escalation “insanity”.
Mark Carney avait expliqué la semaine dernière que plusieurs raisons l’avaient poussé à suspendre les négociations commerciales avec les États-Unis.
Parmi ces raisons, Carney a cité la volonté de Washington d’exempter les entreprises américaines des règles sur l’étiquetage bilingue et l’affichage en français.
Donald Trump et plusieurs membres de son gouvernement ont soutenu depuis qu’ils n’avaient jamais fait une telle demande.
Howard Lutnick, ministre américain du commerce, a même laissé entendre hier que le gouvernement canadien aurait suspendu les négociations pour nuire au Parti québécois et à son projet d’indépendance, à l’approche des élections québécoises.
Joanna Thompson, ministre fédérale des pêches, a indiqué que les produits du secteur des fruits de mer et du poisson seraient retirés de la liste de contre-tarifs canadiens qui doivent entrer en vigueur le 8 septembre.
Thompson a assuré que la riposte fédérale resterait toutefois «équivalente au dollar près et au taux près» aux droits de douane américains.
Un porte-parole du gouvernement fédéral a dit à Bloomberg que les droits de douane sur les produits de la mer seraient remplacés par des tarifs de 50% sur le cuivre et le charbon de bois américains.
There is a U.S.-led war in the Middle East and the midterm elections on the horizon, but President Trump’s latest priority seems to be “Making The Great Lakes Even Greater.”
Two cars were destroyed at the Toronto home of Salma Zahid, a Liberal member of Parliament, in an overnight episode condemned by Prime Minister Mark Carney.
Salma Zahid, who represents the Scarborough Centre-Don Valley East federal electoral district in the province of Ontario, said though vehicles were destroyed, she and her family were safe.
Donald Trump signed an executive order on Thursday directing the federal government to rename Lake Ontario, making it Lake America, amid his escalating trade war with Canada.
The order directs federal agencies to adopt the name-change on US maps, documents and databases. But Trump has no authority to rename Canada’s portion of the lake, nor to compel Canada, international legal bodies, international mapmakers, or the rest of the world to adopt a new name.
Canada’s minister in charge of trade with the U.S. was responding to comments by Jamieson Greer, the U.S. trade representative. But that was before any mention of Lake Ontario.
A year into a government review of the purchase of as many as 88 F-35s, one premier says buying American warplanes makes no sense in the face of President Trump’s latest tariffs.
The F-35 Lightning, made by American defense contractor Lockheed-Martin, costs between $82.5 million and $109 million per plane, depending on the variant.
Earlier this year, a survey found that Canada, along with Switzerland, was the best-liked country in the world. We all know this kind of polling is about as scientific as a high school popularity contest, but at least anecdotally, Canadians have a reputation for being friendly and welcoming, respectful and polite. Many people would find it difficult to dislike Canadians.
But not Donald Trump, who in a “hold my beer” moment this week demonstrated that he, at least, finds it easy to resent Canadians. The US president called the country “difficult and unreasonable”, and in a particularly hysterical moment, threatened to rename a lake, after trade talks collapsed.
The quiet-spoken Canadian prime minister has spoken unutterable truths
Is it perhaps a sign of the times that Mark Carney, the prime minister of Canada, has become a thrilling orator? A sober banker, he speaks calmly, without many vocal inflections. We expect Canadians to be somewhat flat; even a little boring, and yet Carney has already delivered two remarkable speeches in 2026, and the year is far from over.
The first, at Davos, described a “rupture in the world order”, and “the end of a pleasant fiction”. By that, he meant that the world could no longer depend on the United States to lead the Pax Americana that has largely kept the peace since the end of the second world war.
Using the bathroom or having a cry is about to become more expensive for North Americans as the US and Canada enter a full-fledged trade war that threatens to flush away decades of peaceful trading between the two nations.
After trade negotiations broke down between the two countries last weekend, Mark Carney, the Canadian prime minister, vowed to match US tariffs “dollar for dollar” and unveiled a list of nearly 900 American goods that will face 25% to 50% tariffs starting on 8 September.
Business owners are preparing for financial pain after the latest U.S.-Canada trade talks collapsed. But many Canadians are embracing a show of resistance.
Everyone can see that the Iran war has been a strategic disaster for the US, while a failing president pretends he is winning
Now is the twilight of Donald Trump’s supremacy. The US is still the richest and most heavily armed nation on Earth. That status is secure. The current president, contemptuous of law and indulged in lawlessness by a supine Congress, enjoys even greater power than the constitution allows.
With those advantages it takes a special talent for incompetence to look as thwarted and impotent as Trump does with more than two years of his second term still to run.
Le gouvernement fédéral a présenté des mesures en représailles aux droits de douane américains entrés en vigueur samedi dernier.
À compter du 8 septembre, le Canada imposera des taxes à l’importation de 15%, 25% ou 50% sur environ 700 produits américains.
Secteurs les plus touchés
acier
produits laitiers
électroménagers
matériel agricole
pâtes et papiers
électronique
Ces contres-tarifs ne visent que des produits frappés par des tarifs américains.
Ils s’appliqueront à presque 28 milliards $ d’exportations annuelles des États-Unis vers le Canada.
C’est un montant équivalent à celui des exportations canadiennes vers les États-Unis visées par les nouveaux tarifs américains.
Réponse américaine à la riposte canadienne
Donald Trump avait dès lundi, avant qu’on connaisse le détail des contre-tarifs, menacé de porter à 50% en janvier prochain les tarifs américains sur les voitures, les camions, les pièces automobiles et l’acier canadiens.
créer un fonds de diversification doté de 2 milliards $ pour soutenir les entreprises touchées par les droits de douane qui ont des projets prêts à démarrer;
bonifier de 1,5 milliard $ l’initiative qui aidait déjà les PME à faire face aux droits de douane;
injecter 500 millions $ dans un programme de la Banque de développement du Canada.
Principales mesures pour les travailleurs
Ottawa compte prolonger plusieurs mesures de l’assurance-emploi visant à:
éliminer la période d’attente d’une semaine;
permettre aux travailleurs de recevoir des prestations sans que les indemnités de cessation d’emploi ne soient d’abord épuisées;
accorder 20 semaines supplémentaires de prestations aux travailleurs de longue date.
The authority that operates Montréal-Trudeau International Airport said a worker employed by Samsic, a company that provides support services, was killed in an accident on Monday.
While the president remains the most dominant figure in the world, other leaders and institutions are pushing back more vigorously than at the beginning of his second term.
Tariffs on Canada, threats against Iran’s partners and bond market intervention show a president weaponising US power while making Americans poorer at home
Three moves in the last week have exposed the limits of Donald Trump’s economic bullying. The US slapped 50% tariffs on another $20bn of Canadian goods – then threatened the same rate on the cars, trucks, parts and steel that America Inc depends on. On Monday, the Treasury secretary, Scott Bessent, menaced Iran’s trading partners with exclusion from the US financial network, hoping that coercion can deliver what months of war have not. And as the costs of war, tariffs and pro-billionaire tax cuts helped send US bond yields higher, the Treasury stepped in to tame long-term rates. These are not contradictory policies but a gamble: that US economic power can be repeatedly weaponised without reducing others’ willingness to depend on it.
The Trump administration’s “D-day” sanctions are potentially the most consequential because they expose the scaffolding of American financial power. While markets shrugged off the immediate threat, that calculation might change were the US to target a major Chinese refinery or bank. Such an escalation could spark a trade war with Beijing. The US has leverage. But China has pressure points – especially farmers in Republican states – that make using it costly. In the long run, there is a price to pay. Nations hold one another’s currencies partly because they trust the political relationship. Mr Trump is testing what happens when they don’t.
Canada said the higher levies, on items from aluminum foil to dishwashers to fish, would help protect workers, producers and manufacturers harmed by new Trump tariffs.
The U.S. Steel Clairton Coke Plant in Clairton, Pa. Canada has announced it will impose retaliatory tariffs of up to 50 percent on hundreds of American products including steel.
US president has been obsessed with restricting the ability to vote by mail, despite using it himself. Plus, why we are still fascinated with Meg from the White Stripes
Good morning. The US supreme court has sided with Donald Trump in his effort to crack down on mail-in voting, though it is unclear whether or not his administration will be able to take action before the midterm elections in November. The court’s justices voted 6-3 along ideological lines to lift an injunction that a judge in Massachusetts had placed in June on an executive order issued by the president. But a second injunction remains in place, and the ruling leaves room for legal challenges.
Trump has repeatedly likened voting by mail to cheating, despite his own use of it and overwhelming evidence that the system is secure. In March he ordered the government to create a “state citizenship list” of eligible voters, requiring that mail-in ballots only be delivered to people on that list. He also directed the justice department to prioritise investigations and prosecutions of state and local election officials who issue ballots to people deemed ineligible to vote in federal elections.
What did the dissenting judges say? In a blistering dissent, Justice Ketanji Brown Jackson wrote that the decision “needlessly injects chaos and uncertainty into the upcoming midterm elections”.
How have rights organisations reacted? The president of the National Association for the Advancement of Colored People, Derrick Johnson, said: “Let this ruling be a reminder that democracy is never, ever guaranteed. We have to fight for it, we have to fight to keep it and we have to protect the rights we do have within it … they are trying to do everything they possibly can to make it difficult for you to vote.”
How has Canada reacted? The country’s prime minister, Mark Carney, told reporters that Trump’s announcement was largely expected. “It’s not a surprise for us that the US would take some form of reprisal to our response to their unjustified tariff,” he said. Carney has vowed to match the American tariffs “dollar for dollar”, and said Canada could not accept any proposed trade deal that would weaken French language protections.
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