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What to Actually Buy (or Skip) Before the Aug. 19 Tariffs Hit

  Pulished August 15, 2026 Four days out, the "stock up now" advice making the rounds is mostly aimed at exporters, not shoppers. Here's what genuinely moves the needle on your car, wine, and grocery bill — and what's just noise. At 12:01 a.m. ET on Wednesday, a new round of U.S. tariffs is set to hit roughly $20 billion worth of Canadian exports — dairy, alcohol, and vehicles among them — unless Ottawa and Washington reach a deal first. As of this weekend, the signals are genuinely mixed. Canada's chief trade negotiator, Janice Charette, told a government advisory group Friday that there's still "a significant amount of work to do," with talks expected to run through the weekend. At the same time, industry executives following the negotiations told the Washington Post the two sides are inching closer to an arrangement that would pair Canadian concessions on autos, alcohol, and dairy with commitments on energy, defence, and critical minerals — in e...
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Supreme Court Strikes Down Trump’s Global Tariff Strategy

US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House

In a landmark decision with sweeping economic implications, the U.S. Supreme Court has rejected President Donald Trump’s attempt to impose broad global tariffs under the International Emergency Economic Powers Act (IEEPA). The ruling, delivered in a 6–3 decision authored by Chief Justice John Roberts, found that the emergency statute did not grant the president authority to levy such expansive trade measures. 

The decision dismantles a central pillar of Trump’s economic agenda, which relied heavily on aggressive tariffs aimed at reshaping global trade relationships. By striking down the policy, the Court affirmed lower court rulings that deemed the administration’s interpretation of the 1977 law unlawful. 

The ruling carries significant consequences for international markets and U.S. businesses, many of which had been grappling with higher costs and uncertainty stemming from the tariffs. It also marks a major judicial check on presidential power in the realm of trade, signaling that emergency economic authorities have clear limits. 

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