Trump Turns Up Trade Pressure on Canada — Carney Fires Back | Jeffrey Sachs

Описание: On February 20, 2026, the U.S. Supreme Court struck down President Trump’s broad use of IEEPA to impose sweeping tariffs, declaring the legal foundation invalid. Within hours, the White House pivoted. A new executive order invoked Section 122 of the Trade Act of 1974 to introduce a 10% global tariff — a rate that was quickly increased to 15% in a social media announcement before full implementation details were even finalized.

This video unpacks the critical 72-hour window that followed: the overnight reconfiguration of the U.S. customs system, the European Parliament’s emergency move to suspend the Turnberry trade agreement, the political stakes surrounding the State of the Union address, and why Mark Carney’s deliberate restraint may be Ottawa’s most strategic countermeasure yet.

We examine the mechanics and implications of Section 122’s 150-day time limit, its collision with the July 2026 CUSMA review, and the mounting pressure from the $133 billion collected under tariffs now deemed unlawful. We break down projections from the Yale Budget Lab on household cost increases, the growing divide within the Republican Party over trade authority ahead of midterms, and how Canada’s negotiating leverage may be shifting as these timelines converge.

This is more than a tariff dispute. It’s a defining test of U.S. trade credibility — unfolding in real time.

🔔 Subscribe and enable notifications — the Section 122 countdown, the CUSMA review, and Europe’s response are all moving toward the same decisive moment.


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