The past week has been a whirlwind of economic and political news, with President Donald Trump’s tariff threats, Treasury Secretary Scott Bessent’s economic ‘detox’ remarks, and a federal judge’s block on Trump’s freeze of billions in congressional funds making headlines. Here’s a quick round-up of the top stories:
Canada Responds to Trump’s Tariff Threats
President Donald Trump’s threats to impose reciprocal tariffs on Canadian lumber and dairy products have reignited trade tensions with the northern neighbor. Trump accused Canada of “ripping us off for years” with a 250% tariff on U.S. dairy, which he said hurts American farmers. He warned that Canada would face matching tariffs unless it reduced its own.