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Canada Hits US With Counter-Tariffs As Trade War Looms | Daybreak Europe 8/24/2026

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2 months ago

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

Bloomberg has learned that Canada’s government sees little chance of resuming talks with President Donald Trump before the midterm elections, after trade negotiations collapsed. The US applied a 50% tariff on about $20 billion in Canadian goods, and Carney announced retaliation that will take effect on Sept. 8.

Stocks fell at the start of a pivotal week for markets, with the AI trade under pressure ahead of key tech earnings and the Federal Reserve’s annual gathering. Alibaba tumbled in Hong Kong after it raised $10.2 billion in a share sale.

And Ukraine’s President Zelenskyy said the country offered Russia a truce on attacks against ships carrying agricultural commodities through the Black Sea, but Moscow rejected the deal because it wanted guarantees against strikes on its energy infrastructure.

Today’s guest: Isaac Thong, Aberdeen Asian Income Fund Co-Portfolio Manager

Chapters:
00:00:00 – Daybreak Europe
00:02:28 – Asian stocks snap two-day rally
00:05:20 – Alibaba seeks $10 billion from Hong Kong share sale
00:09:27 – Canada braces for long trade war with US
00:13:55 – Bessent looks to relieve bond market pressure
00:15:58 – Kevin Warsh to make first Jackson Hole speech Friday
00:17:53 – Europe’s key waterways hit by extreme weather
00:21:48 – Monday top stories
00:24:16 – Monday headlines
00:26:09 – Andy Burndam vows continued Ukraine support
00:27:29 – Bloomberg Intelligence: The changing face of modern Warfare
00:31:25 – Zelenskyy: Putin rejected Black Sea shipping truce offer
00:34:12 – Isaac Thong, Aberdeen Asian Income Fund Co-Portfolio Manager
00:45:07 – Freeland: Don’t see this as a zero-sum game
——–
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JPMorgan’s 2027 Long-Term Capital Market Assumptions

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48 minutes ago

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October 23, 2026

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David Kelly, chief global strategist at JPMorgan Asset Management, and Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, discuss their latest Long-Term Capital Market Assumptions report, which projects about 7% annual returns for 60/40 portfolios over the next 10–15 years. They speak on “Bloomberg The Close.”
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Romania Says Russia Escalating War

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2 hours ago

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October 23, 2026

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news. On today’s show, Echo Canyon Consulting CEO Jon Seaton, Fortius Global Vice President Hannah Muldavin, Romanian President Nicușor Dan and Permitting Council Executive Director Emily Domenech.

Chapters:
00:00:00 Radio Balance of Power: Early Edition
00:02:09 Markets: Tech Selloff & Rising Oil
00:06:08 Trump, Farmers & the Iowa Vote
00:08:07 U.S.-Canada Relations & Election Tensions
00:10:12 Trade, Tariffs & Farmer Relief
00:11:06 Political Panel: Iowa & the Midterms
00:15:08 Trump’s Approval & Republican Strategy
00:18:31 Russia, Ukraine & European Security
00:22:53 Romania’s President on the Russian Threat
00:24:02 Russian Drones, Romania & NATO
00:27:32 Ukraine, Trump & Peace Negotiations
00:33:33 Markets: Tech Earnings & Bond Rally
00:36:35 Energy Prices & Permitting Reform
00:39:09 Can Congress Pass Permitting Reform?
00:42:44 Data Centers, Mining & Critical Minerals
——–
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People Losing Out On Home Equity: Brown Harris CEO

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3 hours ago

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October 23, 2026

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Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on “Bloomberg Money.” They discuss the housing affordability in the US.
——–
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Five Questions With Aryaman Birla

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4 hours ago

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October 23, 2026

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From player to team owner, Aryaman Birla is returning to cricket but in a different avatar. Sanjai P R asks him about life beyond the pitch in Five Questions with Aryaman Birla.
——–
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United ‘Still Solidly Profitable’ as Fuels Costs Rise, CEO Kirby Says

Published

5 hours ago

on

October 23, 2026

By



United Airlines CEO Scott Kirby discusses the company’s ability to pass along higher fuel costs and seeing continued strength in customer demand. Kirby also shares his thoughts on a wealth tax and other US social and policy points on “Bloomberg Surveillance.”
——–
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