Trump’s trade war with Canada could lead the U.S. back to quantitative easing
That’s good for gold, stocks and long bonds. Eventually.
President Donald Trump's escalating tariffs on Canadian goods are causing complications for Republicans in their efforts to retain Senate control. These tariffs could have a significant impact in three key states that could determine the Senate majority in the upcoming election: Maine, Michigan, and New Hampshire. Senator Thom Tillis of North Carolina, who is retiring, warned that imposing new tariffs on Canada could harm his party's chances in these states.
Former Republican Senator Scott Brown of New Hampshire echoed these concerns, stating that there must be a better way to negotiate with Canada. Both Senators Susan Collins of Maine and Vice President JD Vance of Michigan have criticized the tariffs. Collins, who has already voted against Trump's tariffs, warned that they could increase the cost of living in Maine, where many goods are processed across the border.
Vance defended the tariffs, urging Canada to stop taking advantage of Maine. Tillis argued that the administration should listen to Collins' advice on winning in Maine, rather than the other way around.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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