Canada strikes back in the trade war
Summary
Marketplace reports on Canada's retaliatory tariffs on $20 billion in U.S. imports, escalating the trade war with its largest partner. Economist Jeffrey Cleveland discusses how these tariffs, alongside rising oil prices, are fueling inflation and may prompt interest rate hikes. The episode also examines a study showing that while many children support their parents financially, Black and Hispanic families often face greater long-term wealth penalties due to earlier financial obligations.
Topics discussed
Sponsor: Odo business software
Sponsor: Capital One Commercial Bank
Episode introduction and topics
Canada's retaliatory tariffs on US imports
Economic impact of tariffs and oil prices
Sponsor: Odo business software
Sponsor: Capital One Commercial Bank
Financial support from children to parents
Credits and sign-off
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