The Indicator from Planet Money · Tuesday, September 8, 2026
Canada and the U.S. are currently engaged in a 'signaling' phase of their trade dispute, with Canada aiming to minimize disruption while acknowledging that the current $20 billion in tariffs are not the main event. The focus is shifting towards potential renegotiations of the USMCA (formerly NAFTA), indicating that broader trade discussions are yet to come.
“Right now, it does look Adrian, like Canada and the U.S. are doing some signaling back and forth.”
“We're kind of slow playing this as little as possible, but we also know this $20 billion of tariffs we're talking about right now. This isn't even the main event.”
“We're still not even talking about Kuzma or USMCA renegotiations or negotiations.”