Trump administration announces 50% tariffs on many Canadian goods amid 10th night of Iran strikes
The July 20, 2026 episode of Balance of Power opened with breaking news on proposed 50% US tariffs on many Canadian goods under USMCA, exempting energy, potash and critical minerals, justified via Section 338 authority over alcohol and dairy. It then covered the 10th consecutive night of US strikes on Iran following the deaths of three US service members, bringing the total to 17, alongside gas prices topping $4 per gallon nationally.
Source: Bloomberg Television