U.S.-Canada Trade War Erupts as Iran Threatens Gulf States

A new trade war is erupting between the United States and Canada after last-minute negotiations collapsed and President Donald Trump’s 50% tariffs on billions of dollars in Canadian goods took effect. Canadian Prime Minister Mark Carney is firing back with plans for retaliatory tariffs as tensions between the longtime allies reach a new level. Jon Decker breaks down what caused the U.S.-Canada trade talks to fall apart, what the escalating tariff battle could mean for the future of the U.S.-Mexico-Canada Agreement, and how both Washington and Ottawa are blaming each other for the breakdown. Plus, Iran issues a new threat against Gulf nations that cooperate with President Trump’s escalating economic pressure campaign, warning that countries helping isolate Tehran will be treated as enemies. With Iran continuing to disrupt traffic through the Strait of Hormuz, the Trump administration is preparing additional economic measures aimed at crippling Iran’s economy. Finally, President Trump takes in a historic IndyCar race through the heart of Washington, D.C., as Kyle Kirkwood dominates the Freedom 250 Grand Prix on the streets surrounding the National Mall.See omnystudio.com/listener for privacy information.