Your World Tonight Tariffs, tariffs, tariffs; Witkoff in Gaza, pool shortages in Canada, and more
Aug 1, 2025
Tariffs are reshaping U.S.-Canada trade dynamics, stirring up concern among businesses in both countries. A heart-wrenching story from Gaza highlights the dire humanitarian situation amidst conflict and starvation. Meanwhile, the ongoing struggle for better swimming facilities in Canada is fueled by the rising popularity of youth swimmers, like Summer McIntosh. Lastly, the legacy of the Dionne quintuplets offers a poignant look at fame’s price, intertwining with modern challenges in youth swimming.
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Canada's Trade Stance and Tariffs
- Canada refuses to accept a trade deal pressured by arbitrary U.S. deadlines, maintaining leverage through strength.
- While most Canadian goods remain tariff-free under KUSMA, sectors like steel, aluminum, and lumber face steep tariffs, complicating trade.
Tariffs Complicate Trade Logistics
- Tariffs increase complexity and cost for Canadian exporters due to multi-country supply chains.
- Despite a high tariff exemption rate, proving product origin and adjusting supply chains remains challenging and time-consuming.
Tariffs Impact U.S. Economy
- U.S. job creation slowed drastically due to tariff impacts despite White House optimism.
- Major corporations report significant losses linked to tariffs, signaling pressure on American economy.