Trade War Could Drive Inflation Ahead of Midterms

“The U.S.-Canada trade war could stoke inflation, piling pressure on the Trump administration ahead of November’s key midterm elections,” Semafor reports.

“Canada vowed to match 50% U.S. tariffs after talks broke down over the weekend. Though the U.S. levies only apply to a subset of Canadian goods, the move could add to price rises sparked by the war in Iran.”