The good news is that a failure to renew by Mr. Trump doesn’t terminate the USMCA. Instead it moves to a series of annual reviews and negotiations, the kind of perpetual bargaining that Mr. Trump sees as leverage. But uncertainty is bad for business. Can companies count on stable supply-chains in North America? For CEOs trying to make investments and create jobs, it isn’t an idle question.

 

Trump, Canada Tariffs and USMCA

By putting the trade deal in doubt, he hurts red states, including Texas.

By 

The WSJ Editorial Board

Aug. 19, 2026 5:49 pm ET

Canada should impose a 50% export charge on its oil and gas going to the U.S. as a counter to Trump's 50% import tariffs on other goods

 

US, Canada Barrel Toward 50% Tariff as Trump Deadline Approaches

Mr. Klein is right to say that Mr. Nolan “smuggled” the message in without most viewers even noticing. Most of the film’s audience, including Elon Musk and even the renowned “Odyssey” translator Emily Wilson, who reviewed the film harshly in The London Review of Books, misses what Mr. Klein sees: “Odysseus and his men were not fighting the barbarians; they were the barbarians.”

 

Christopher Nolan’s Trojan Horse

By Ezra Klein

Opinion Columnist