On Saturday, the United States imposed 50% tariffs on roughly $20 billion of Canadian goods, including lumber, dairy products, clothing, and alcohol. Canadian Prime Minister Mark Carney said that Canada would match the U.S. tariffs “dollar for dollar,” with retaliatory duties set to begin on September 8. Though Canada has not officially released information on its tariff plans, Carney said the duties would target U.S. “steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.” On Monday, U.S. President Donald Trump wrote on Truth Social that the U.S. would increase tariffs on “all Cars, Trucks, both large and small, Automotive Parts, and Steel” to 50% on January 1, 2027..
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In Friday’s members-only edition, Executive Editor Isaac Saul published an in-depth retrospective on the Department of Government Efficiency (DOGE) roughly one month after it formally shut down. Isaac explored whether DOGE followed through on its core promises of reducing government spending and improving efficiency, while also documenting the ripple effects of its harder-to-quantify actions. You can read the piece here.
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