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Morning Edition · Tuesday, July 21, 2026Published at 1:29 AM EDT · New York
Trump Signs 50% Tariffs on Many Canadian Goods as Goldman Warns of $120 Oil on a Closed Hormuz
The duties, effective in 30 days and reaching products covered by the North American trade pact, add a fresh inflation shock to a market already pricing Middle East energy risk.
President Trump signed orders imposing 50% tariffs on a wide range of Canadian goods, with the new duties set to take effect in 30 days, according to reporting cited by Cointelegraph. Watcher Guru reported the tariffs reach products covered…
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US-Iran Strikes and Hormuz Roil Energy Markets
Recurring US strikes on Iran and Tehran's closures of the Strait of Hormuz keep injecting sharp oil, gold and cross-asset volatility, making Middle East escalation a recurring macro risk factor — one to which large-cap crypto has so far reacted only muted-ly.
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