About this episode
Mark Carney is vowing dollar-for-dollar retaliation after U.S.-Canada trade talks collapsed late Friday, leaving 50% tariffs on some $20 billion of Canadian imports in place. Oil dips as Scott Bessent prepares to unveil his so-called "economic D-Day" on Iran, with Nvidia earnings and Jackson Hole still to come.
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Today's recommended read: US refiners face historic stress test as global crisis looms, Ron Bousso
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Produced by Eliza Davis Beard and Abisoye Osundairo.
Sound engineering and music by Sebastian and Josh Sommer.
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