😱 Wall Street Turns on Tariffs — The New $88.6B Deficit That Destroys Trump's Canada Plan

The Commerce Department just released July's trade data — and the U.S. trade deficit widened to $88.6 billion, its highest level in over a year, in the same month the Canada tariff war escalated to its most intense point yet. In this video, we break down what's actually driving that number (hint: it's not Canada), how Wall Street has quietly repriced the trade war over the past two weeks (steel stock rallies that faded, a wobbling Canadian dollar, a resilient TSX, and auto stocks sliding on both sides of the border), and the Bessent-Hegseth-Carney exchange that's become the week's most talked-about diplomatic flashpoint. We cover Treasury Secretary Scott Bessent's "13 times larger" comments, War Secretary Pete Hegseth's mockery of the Canadian military, Prime Minister Mark Carney's restrained response, the White House's spin on the deficit numbers, and what economists are now saying about recession risk heading into the September 8 tariff deadline. 📌 Timestamps in comments 🔔 Subscribe for daily trade war updates 💬 Tell us in the comments: does this deficit number prove the tariff strategy is failing, or is it too early to tell? This video is a news analysis and commentary based on publicly reported economic data and events as of September 4, 2026. Sources include the U.S. Commerce Department (Bureau of Economic Analysis and Census Bureau), CNBC, Reuters, The Hill, Yahoo Finance, Investing.com, Al Jazeera, the Tax Foundation, and Fox News. #TradeDeficit #WallStreet #Tariffs #Canada #Trump #Bessent #TradeWar #Economy #USACanada #BreakingNews #StockMarket #Recession #TradeWar2026 #Carney #Finance #Markets #EconomicNews #Manufacturing #AutoIndustry #Politics

Added 5 Sept 2026