Global Trade

August 23, 2026
Edward Meir's week in review and thoughts for the week of Aug. 24, 2026
Written by Edward Meir
Trade issues were very much in the news this past week. We suspect they will command even greater attention going into the new week, but with a more negative bias this time around.
Let’s start with the big news: The US was about to apply 50% tariffs on $20 billion of Canadian imports last Wednesday after the Trump administration invoked the seldom-used Section 338 of the Tariff Act of 1930. But hours before the tariffs would have kicked in, President Trump abruptly postponed them for three days. He cited the progress in the talks.


