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Canada races to head off 50% tariffs
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Plus: Meta faces 29 states in court, and Trump tests Supreme Court limits
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Trade & Tariffs
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·
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Courts & Regulation
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·
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<span style="font-size:12px;font-weight:700;letter-spacing:1px;text-transform:uppercase;color:#121721;">
The Midterm Map
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Washington
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Wednesday, August 12, 2026
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Canada and US hold third round of talks as August 19 tariff deadline looms
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Canada's trade minister Dominic LeBlanc met
Tuesday with U.S. Trade Representative Jamieson Greer for the third time in three weeks, with both sides racing to prevent a new round of punishing tariffs from taking effect next week. Canada's Chief Trade Negotiator Janice Charette also attended the session. LeBlanc said the two countries remain committed at the negotiating table but offered no indication of a breakthrough.
</p>
<p style="margin:12px 0 0;">
The stakes are significant. President Trump has threatened 50% tariffs on a wide range of Canadian goods in retaliation for Canada's
counter-tariffs on U.S. autos and steel, and for some Canadian provinces refusing to stock American alcohol. The tariffs are scheduled to go into effect August 19 and could undercut a fragile Canadian economic recovery.
</p>
<p style="margin:12px 0 0;">
With less than a week remaining, business leaders on both sides of the border are watching closely. A failure to reach a deal would raise costs across integrated supply chains in manufacturing, energy, and agriculture — sectors where U.S. and Canadian firms are deeply intertwined. The pace of talks
suggests urgency, but no deal has been announced.
</p>
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Trade & Tariffs
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Canada scrambles to head off 50% US tariffs before next week's deadline
</a>
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Canada has one week to prevent a potentially
economy-rattling round of U.S. tariffs from taking hold, and the pressure is mounting with each passing day of negotiations. The threatened 50% levies on a wide range of Canadian goods stem from a retaliatory dispute over Canadian counter-tariffs on U.S. autos and steel and certain provinces' bans on American alcohol. Talks have intensified but no agreement has emerged. For investors and businesses with cross-border exposure, the outcome will determine cost structures across manufacturing, energy, and agriculture. A deal would offer relief to a
Canadian economy already navigating fragile conditions; failure could accelerate a downturn and deepen friction in one of the world's largest bilateral trade relationships.
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<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Quartz ›
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60,000 Canadians sign petition to expel US ambassador over diplomatic interference
</a>
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More than 60,000 Canadians have signed an online petition demanding the expulsion of U.S. Ambassador Pete
Hoekstra, accusing him of repeated interventions in Canadian political discourse and of normalizing Trump administration rhetoric about annexing Canada as the 51st state. The petition also raises concerns about meetings between U.S. State Department officials and Albertan separatists, and calls for a parliamentary review of U.S. diplomatic conduct. The U.S. embassy declined to comment. The episode adds political friction to already tense bilateral trade negotiations.
</p>
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<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at BBC ›
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Trump's Jones Act waiver reopens debate over a century-old maritime law that raises energy costs
</a>
</h4>
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<p style="margin:0;">
The Jones Act, a 1920
law requiring cargo shipped between U.S. ports to travel on U.S.-built, U.S.-owned, and U.S.-crewed vessels, restricts coastal states like California and New York from importing natural gas, gasoline, or jet fuel from domestic suppliers by sea, forcing them to buy from foreign markets instead. Of the world's 7,500 tankers, fewer than 60 qualify under the law. Trump has issued waivers, but critics argue permanent repeal is needed to lower energy prices for consumers and level the playing field for U.S. oil and gas producers.
</p>
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Read more at Houston Chronicle ›
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US Strategic Petroleum Reserve falls below 300 million barrels, hitting a 1983 low
</a>
</h4>
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<p style="margin:0;">
The U.S. Strategic Petroleum Reserve dropped below 300 million
barrels Monday, its lowest level since January 1983 and less than half its 2009 peak of 726 million barrels. Repeated drawdowns driven by foreign conflict, natural disasters, congressional budget maneuvers, and most recently the U.S.-Iran conflict and its disruption of Strait of Hormuz shipping have significantly depleted the stockpile. The decline raises questions about the adequacy of America's emergency energy buffer at a moment of ongoing geopolitical volatility in the Middle East.
</p>
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<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Las Vegas Sun ›
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Energy Secretary Wright claims normal Mideast oil flows, but shipping data tells a different story
</a>
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<p style="margin:0;">
Energy Secretary Chris Wright said Tuesday that oil exports from the
Middle East have returned to pre-war levels, citing pipeline reroutes and coordinated military planning with Gulf allies. But vessel tracking data from Kpler, which uses satellite imagery and shipping transponders, shows only 84 total transits of the Strait of Hormuz last week — well below the pre-war pace of more than 100 per day. JPMorgan estimates actual flows through the strait at roughly 4 million barrels per day, not the 9 million Wright claimed. The gap between official statements and observable data matters for energy markets still
pricing in supply risk.
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Read more at CNN ›
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China's manufacturing dominance in defense-critical tech creates a strategic bind for the US
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China produces at least 70% of the world's drones,
electric vehicles, lithium-ion batteries, and solar cells, giving it commanding leverage over industries central to both commercial competition and military readiness. New Yorker staff writer Evan Osnos, speaking with NPR's Terry Gross, highlighted a core contradiction: with U.S. munitions stockpiles drawn down by the Iran war, American defense production depends on Chinese factories to supply components needed to counter Chinese aggression — a vulnerability with direct implications for U.S. policy toward Taiwan and broader Indo-Pacific
strategy.
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<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at NPR ›
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Pay less interest while you pay down
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Meta goes to trial against 29 states over claims it deliberately addicted children to its platforms
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<p style="margin:0;">
Meta Platforms faces a seven-week federal trial in Oakland beginning Wednesday, with 29 state attorneys general alleging the company engineered Facebook and Instagram to addict minors and illegally collected children's data in violation of federal law. The states are seeking a nationwide court order imposing age restrictions and eliminating infinite scroll. Meta has estimated potential damages could reach $1.4 trillion — nearly equal to its $1.5 trillion market capitalization — prompting legal experts to call the trial
existential. CEO Mark Zuckerberg and Instagram head Adam Mosseri are both expected to testify. Opening statements are set for August 18, making this the highest-stakes test yet of youth social media litigation globally.
</p>
</div>
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<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Reuters ›
</a>
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<a style="color: #17253d; text-decoration: none;">
Trump pushes the boundaries of Supreme Court losses on tariffs, the Fed, and birthright citizenship
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
After Supreme Court setbacks on
tariffs, birthright citizenship, and Federal Reserve independence, President Trump is reinterpreting each ruling as an opening rather than a limit. On tariffs, he claims the court's ruling clarified and expanded his authority. On the Fed, he is pressing ahead despite a procedural loss on firing a governor. On birthright citizenship, he is pursuing a congressional fix after latching onto a concurring opinion. Opponents are back in court, setting up a new round of legal tests that put core elements of Trump's second-term agenda at
risk.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Hill ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Paramount says CNN sale is on the table to resolve California antitrust suit over Warner Bros deal
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Paramount Skydance's chief legal officer Makan Delrahim said Tuesday that all options, including a potential CNN sale, remain on the table to settle California's antitrust lawsuit challenging the company's $110 billion acquisition of Warner Bros Discovery. Delrahim also became the first Paramount executive to publicly acknowledge the company may leave California, citing fiduciary duty to shareholders. California's suit, joined by 11 other state attorneys general, is now the deal's last major regulatory hurdle after approvals
from U.S. federal regulators, the UK, China, and other jurisdictions.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Reuters ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Pennsylvania sues TikTok, alleging it misled parents and designed addictive features targeting children
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Pennsylvania Attorney General Dave Sunday filed suit
Tuesday against TikTok in Allegheny County court, alleging the platform violated state consumer protection law by misrepresenting its content as appropriate for users as young as 13 while exposing them to adult material. The complaint also accuses TikTok of deliberately engineering addictive features such as infinite scroll that benefit the company financially at the cost of children's mental health. The suit adds to a growing wave of state-level legal actions targeting social media platforms over youth safety.
</p>
</div>
<div style="padding:8px
0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at CBS News ›
</a>
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<a style="color: #17253d; text-decoration: none;">
Federal judge again blocks Trump executive order that would limit mail voting ahead of midterms
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
U.S. District Court Judge Indira Talwani ruled Tuesday against the Trump administration's executive order seeking to create a federal voter list and insert the U.S. Postal Service into mail ballot decisions, barring the Postal Service from implementing the order before November's midterm elections. The judge noted the election is fewer than 90 days away and that the administration has so far declined to defend the order's constitutionality. The Trump administration has asked the Supreme Court to halt lower court decisions that
have blocked the changes in nearly half the country.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Washington Post ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Ten states sue Trump administration over federal rule that strips homeowners of escrow interest payments
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
A coalition of 10
Democratic-led states filed suit Tuesday challenging two rules issued in May by the Office of the Comptroller of the Currency that preempt state laws requiring mortgage lenders to pay borrowers interest on escrow account balances. At least 12 states have had such laws since the 1970s; Oregon estimates its homeowners receive an average of $200 to $300 per year under the state rule. The federal rules apply only to national banks and federal savings associations, leaving state-chartered banks subject to state law and, plaintiffs argue, at a
competitive disadvantage.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Oregonian ›
</a>
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<div style="font-size:13px;letter-spacing:2px;font-weight:800;text-transform:uppercase;color:#121721;border-bottom:2px solid #00d5ff;padding-bottom:6px;">
The Midterm Map
</div>
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<h3 style="margin:0 0 8px;font-family:Inter, Arial, sans-serif;font-size:24px;line-height:1.3;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Wisconsin centrist defeats Democratic socialist in governor primary, signaling limits of the left-wing surge
</a>
</h3>
<div style="font-size:17px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Centrist David Crowley narrowly defeated Democratic socialist Francesca Hong in Wisconsin's Democratic gubernatorial primary Tuesday, a result analysts say could mark a turning point for progressives as the party navigates its ideological direction heading into November. Separately, New York City launched a sweeping investigation into four prediction markets — Polymarket, Kalshi, Coinbase, and Gemini Titan — probing alleged deceptive marketing practices
and the targeting of minors. The Wisconsin result is especially notable for business-minded Democrats and party strategists assessing which candidate profiles can compete in competitive Midwest states.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Wall Street Journal
›
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<a style="color: #17253d; text-decoration: none;">
Trump-backed Darline Graham advances to South Carolina Senate runoff against Rep. Norman
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Darline Graham, appointed to fill her late brother Lindsey Graham's
Senate seat, led a 10-candidate Republican primary field with 33% of the vote Tuesday and advanced to an Aug. 25 runoff against Rep. Ralph Norman, who drew 24%. Trump, who endorsed Graham, told reporters he plans to campaign for her. The runoff will decide the Republican nominee in a reliably red state, with both candidates aligned with Trump's agenda, though Norman backed Nikki Haley in the 2024 presidential primary before endorsing Trump.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The Charlotte Observer ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Pelosi sets a target of 30 House seat flips as Democrats aim to reclaim the majority in November
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Speaker Emerita Nancy Pelosi said Tuesday at a Politico summit
in Sacramento that Democrats need to flip just three seats to reclaim the House majority, but she is targeting 30. Pelosi, who is retiring in January after nearly four decades representing San Francisco, cited mid-decade redistricting as a key battleground, with new California maps under Proposition 50 creating five Democratic-leaning districts. Republican-drawn maps in North Carolina, Florida, and Tennessee will complicate the effort, making individual seat-by-seat contests central to which party controls the legislative agenda in Trump's
final two years.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at San Francisco Chronicle ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Progressive Peggy Flanagan wins Minnesota Democratic Senate primary, could become first Native woman in Senate
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Minnesota Lt. Gov. Peggy
Flanagan won the Democratic Senate primary Tuesday, defeating moderate Rep. Angie Craig by nearly 20 percentage points with 80% of votes counted. Flanagan, a member of the White Earth Band of Ojibwe, campaigned on universal health care and a higher federal minimum wage, and criticized Craig over a vote supporting a Trump immigration policy. She will face moderate Republican Michele Tafoya in November in a Democratic-leaning state that President Trump's party has occasionally won. A Flanagan victory would make her the first Native American woman
elected to the Senate.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at The New York Times ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Rebecca Cooke wins Wisconsin Democratic primary, sets up House rematch with Rep. Van Orden
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Rebecca Cooke won
the Democratic primary in Wisconsin's 3rd Congressional District, NBC News projects, setting up a November rematch against two-term GOP Rep. Derrick Van Orden. Cooke, a small-business owner with a dairy farming background, lost to Van Orden by about 3 percentage points in 2024 even as Trump carried the district by 7 points. She has won backing from the Democratic Congressional Campaign Committee, Blue Dog and New Democrat coalitions, and Sen. Bernie Sanders. The district is one of roughly a half-dozen competitive House races that will help
determine which party controls the chamber.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at NBC News ›
</a>
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<h4 style="margin:0 0 6px;font-size:19px;line-height:1.35;color:#17253d;text-align:left;">
<a style="color: #17253d; text-decoration: none;">
Republicans nominate Rhett Marques in redrawn Alabama 2nd District, targeting a Democratic-held seat
</a>
</h4>
<div style="font-size:16px;line-height:1.6;color:#121721;text-align:left;">
<p style="margin:0;">
Alabama
Republican voters Tuesday selected state representative Rhett Marques as their nominee for the redrawn 2nd Congressional District, a seat Democrats won in 2024. Republicans redrew the district's electoral map and are aiming to flip it in November. Marques will face Democrat Shomari Figures in the general election. The race is part of broader mid-decade redistricting battles playing out nationally as both parties maneuver for House majority control heading into the fall.
</p>
</div>
<div style="padding:8px 0 0;text-align:left;">
<a style="color: #121721; text-decoration: none; font-weight: 600; font-size: 14px;">
Read more at Reuters ›
</a>
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