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12 Days to the Tariff Deadline: What August 19 Actually Means for Your Wallet

  Published August 7, 2026 Trade Minister Dominic LeBlanc is back in Washington, Mark Carney says his tone is "quite firm," and the clock is running out on a deal. Here's what's actually on the line — and why it matters even if you've never shipped a case of wine across the border. The countdown: At 12:01 a.m. ET on August 19, new 50% U.S. tariffs are scheduled to hit roughly $20 billion worth of Canadian exports — with or without a deal. What's actually happening on August 19 On July 20, President Trump signed three separate proclamations under Section 338 of the Tariff Act of 1930 — a Depression-era provision that had never been used this way before. Each proclamation targets a different Canadian sector the U.S. says is treated unfairly: motor vehicles, alcoholic beverages, and dairy. Every covered good gets hit with an additional 50% tariff the moment it crosses into the U.S. The headline categories get the attention, but the actual product lists — buried ...
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French Election Outcome: Leftist Coalition Gains Majority, Macron Faces Uncertainty

 

The French election results have yielded an intriguing outcome. While the far-right party, led by Marine Le Pen’s National Rally, increased its seats in the National Assembly, it did not secure an outright majority. Instead, French voters granted the most parliamentary seats to a broad leftist coalition, keeping the far right away from power. President Emmanuel Macron’s centrist alliance came in second. 

Now, with no clear figure emerging as a possible future prime minister, Macron faces uncertainty. He has stated that he will wait to decide his next steps and is heading to Washington this week for a NATO summit. The new legislators can begin work in parliament on Monday, with their first session scheduled for July 18. Prime Minister Gabriel Attal offered his resignation, but Macron asked him to remain temporarily as head of the government. Macron’s term runs until 2027, and despite his weakened position, he still holds significant powers over foreign policy, European affairs, defense, and international treaties negotiation. 

For now, France remains in an unprecedented situation, and the challenge lies in navigating this delicate political landscape.

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