Free NewsletterPro Login
Free Live Investors Workshop
Seats limited
Tue, Sep 29.
The dollar is losing value.
Here’s how investors can still profit.
Hosted By
Jaspreet Singh
Founder, Briefs Finance
X

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

Canada's Industry Minister Warns US Tariff Support Could Outlast Trump

Published Sep 22, 2026
Share:
Summary:
  • Melanie Joly says tariffs have rare bipartisan backing in the US, implying Canadian manufacturers could encounter obstacles entering North America's largest market long after Trump's presidency.
  • She's been lobbying US officials, arguing tariffs raise American costs given tightly linked supply chains.
  • Despite criticism of Trump's approach, several Democrats signal they wouldn't necessarily roll tariffs back.

Joly's message and why it matters

Canada's Industry Minister Melanie Joly says tariffs are one of the few issues where Republicans and Democrats commonly line up. She also sees broad agreement on pulling back US involvement abroad and on immigration reform. Joly oversees Canada's aluminum, steel and auto sectors, all touched by Trump's Section 232 actions, and warned that bipartisan appetite for tariffs could keep Canadian firms facing hurdles in the US market beyond Trump's presidency.

Her pitch to American lawmakers is straightforward: duties on Canadian goods raise US costs by adding friction to tightly knit supply chains. "They are actually hurting themselves because it has an impact on cost of living, because of the close integration of our economies," she said.

Lobbying the states

Joly is one of several Canadian officials who have spent the past year and a half in the US pressing against Trump's trade stance. She met Illinois Governor JB Pritzker last week and Pennsylvania Governor Josh Shapiro in June, arguing that tariffs on Canadian products ultimately feed through to higher costs for American consumers.

How US politics are lining up

Many Democrats have knocked Trump's broad-brush tariffs and his posture toward Canada, but that doesn't mean they would automatically undo them. California Governor Gavin Newsom told CTV News last month he cannot guarantee Democrats would lift the tariffs, while adding their trade approach would be "nothing like" Trump's.

In 2025, Democratic Senators Elissa Slotkin, Gary Peters and Tammy Baldwin urged that US trade deals - the North American trade pact among them - be reassessed and updated to secure the best results for American workers. With the midterms coming up, officials from both parties have urged Trump to ease up on the clash with Canada and steer tariff efforts toward countering China's rising strength in areas like autos. Michigan Governor Gretchen Whitmer wrote in the Wall Street Journal, "We need to be smart and strategic about trade policy, not trigger-happy. Renaming Lake Ontario won't make a car cheaper to build or help a family pay its rent." Republican Senator Susan Collins, who is seeking reelection in Maine, has also called for a deescalation of the Canada US trade fight.

Trade tensions remind investors to focus on steady strategies that protect long term savings. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

The fiscal pull to keep tariffs

Whether tariffs stick may hinge on Washington's finances. The federal deficit is roughly 6% of GDP. Through this point in the year, federal receipts total $212 billion in tariffs and select excise taxes, the Bipartisan Policy Center reports, compared with $65 billion over the same stretch in 2024.

Some Canadian stakeholders contend Ottawa ought to aim retaliatory tariffs at US battleground states to ratchet up political pressure on Republicans. Responding, Brian Clow - who formerly served as a senior Canadian official focused on trade and the bilateral relationship with the US - said the midterms should not determine how Canada pursues tariff relief. "Nobody should expect the Democrats to save Canada or come to our rescue when it comes to Donald Trump's tariffs," he said, noting that while some voices oppose the policy, many are not speaking out and may even back it.

What this means for your portfolio

Tariffs are not just a Trump-era plotline. With bipartisan momentum in Washington and real money flowing into federal coffers, these policies can stick around. Canada's aluminum, steel and auto industries are already living with that reality, and the politics suggest this risk stretches beyond one election cycle.

Keeping a diversified approach helps you preserve purchasing power and grow wealth. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.

Disclosure

Recent News

1 2 3 83

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

September 22, 2026
Will Interest Rates Go Down in 2026? Where the Money Moves Either Way
  • The Fed is leaning toward higher rates to fight 4% inflation, while the White House and a cracking job market push the other way.
  • If rates rise, money has tended to move toward short-term Treasuries, floating-rate loans, energy, banks and dividend payers.
  • If rates fall, it has tended to move toward gold, silver and Bitcoin, real estate, small caps, the S&P 500 and speculative bets.
Read More
September 21, 2026
How the Federal Reserve Makes Money - and Why It Just Posted Its Biggest Loss Ever
  • For 109 years the Federal Reserve created money, lent it to the U.S. government and handed the interest it collected back to Washington - almost $1 trillion in the decade starting in 2011.
  • Pandemic-era lending locked the Fed into earning about 2% on trillions of dollars while it now pays banks around 4%, producing a record loss of hundreds of billions in 2026.
  • The Fed covers its losses by creating money and the government covers its lost revenue by borrowing, and both feed the inflation that eats at the dollars in your account.
Read More
September 18, 2026
Kevin Warsh Just Defied Trump: What the Fed Rate Hike Means for Your Money
  • The Fed raised rates for the first time since 2023 in a unanimous vote led by Kevin Warsh, the chairman President Trump appointed to cut them.
  • Higher rates make the $40 trillion national debt, business loan resets and mortgages more expensive, but they strengthen the dollar and pay investors holding cash.
  • The war with Iran is pushing up oil, grocery and chip prices, another hike is likely in 2026, and recession talk is about to get louder.
Read More
September 17, 2026
Why America Bailed Out the Yen: The Japan Carry Trade, the Dollar and Your Mortgage Rate
  • In July 2026 the US sent money to steady the yen because Japan is the largest foreign owner of US debt, and Washington needs Japan to keep lending.
  • For decades the Japan carry trade let Wall Street borrow yen at essentially 0% and pour it into US stocks, real estate and Treasuries, and rising Japanese rates are shutting that off.
  • A weaker yen means fewer buyers for the dollar and for US debt, which pushes Treasury rates up and drags mortgage, car loan and credit card rates up with them.
Read More
September 16, 2026
Treasury Yields Are Spiking Because Lenders Are Backing Away From U.S. Debt
  • The U.S. is paying its highest 30-year borrowing rate in about two decades because its biggest lenders, the Fed, foreign governments, and banks, are all pulling back from Treasuries.
  • Every mortgage, car loan, credit card, and business loan is priced off the 10-year Treasury yield, so when Washington pays more to borrow, so do you.
  • With about $40 trillion of debt against a $32 trillion economy, the country either outgrows its debt or slides into a doom loop, and investors need a plan for both.
Read More
September 15, 2026
Fiat Currency Runs on Trust, and the World Just Stopped Trusting the Dollar
  • Gold has overtaken US treasuries as the world's top reserve asset, and central banks are now buying less US debt and more gold.
  • The US dollar is a fiat currency, meaning it's backed by a promise rather than gold, so it loses value when fewer countries want to hold it.
  • Whether the US economy or its national debt grows faster from here decides which assets stand to benefit next.
Read More
September 14, 2026
Why RAM Prices Are Soaring - and Where the Money Is Moving
  • Memory chips - the RAM inside phones, laptops, fridges, and trucks - are in a shortage Tim Cook called a 100-year flood, and some memory prices have climbed about 90% in a single quarter.
  • Four forces hit at once: AI demand, a production shutdown in 2023, build times that push any fix to 2028 at the earliest, and a bombed helium plant in Qatar.
  • The last two supply shocks ended in aggressive Fed rate hikes and market drops of around 45% and 20%, and this time Washington is spending heavily to bring memory production home.
Read More
September 11, 2026
How Is the Economy Doing? Washington Says It's Fixed, but the Numbers Don't Agree
  • Treasury Secretary Scott Bessent says the economy is fixed because lower earners' incomes are now rising faster than top earners'.
  • The Atlanta Fed and Bank of America show different numbers, and Hilton, Marriott, and McDonald's can't agree on what they're seeing either.
  • Whichever side is right, the economy is built to make investors rich, and inflation is how it does it.
Read More
September 10, 2026
US National Debt Hits $40 Trillion: Why the Economy Hasn't Collapsed Yet
  • The US national debt crossed $40 trillion in 2026 and is growing faster than the economy. The debt to GDP ratio now sits at 125%, the highest outside the pandemic and higher than World War II.
  • On September 9, 2026, Treasury Secretary Scott Bessent rolled out an emergency plan for the government to lend money to itself. Ray Dalio now says the dollar has roughly three years before real pain.
  • Empires rarely default. They debase. Since 1971, median household income grew about 8x while houses grew 17x and the S&P 500 grew 360x, so investors got richer while workers fell behind.
Read More
September 9, 2026
Your 401k Is Fueling the AI Bubble
  • About $10 trillion of 401k money sits in a $77 trillion stock market, mostly through target date funds and S&P 500 funds. Roughly 30% of every S&P 500 dollar lands in five AI-heavy tech stocks.
  • Four bubble signals run hotter today than before the 2000 crash: top-ten concentration, tech's share of the index, the Buffett Indicator, and how much of the market index funds own.
  • You only lock in an AI bubble loss if you sell. The 2022, 2020, 2008, and 2000 crashes were all buying windows for long-term investors, and the US-China AI race means government money could keep flowing in.
Read More
1 2 3 27
Share via
Copy link