SS Price

On August 25, Federal Reserve's Collins stated that inflation remains too high, expressing concern over the Fed's responsibility to maintain price stability. Considering the limited additional tariffs and the progress of reopening the Strait of Hormuz, a decline in inflation is the most likely outcome.

On August 25, Federal Reserve's Collins stated that inflation remains too high, expressing concerns about the Fed's responsibility to maintain price stability. Considering the limited additional tariffs and the progress of reopening the Strait of Hormuz, a decline in inflation is the most likely outcome.

On August 25, the Canadian government will announce a countermeasure plan against the latest US tariff measures on Tuesday local time. The Canadian Finance Minister and other senior officials will hold a press conference in Ottawa. Previously, the US imposed a 50% tariff on a large number of Canadian goods starting Saturday, following the collapse of trade negotiations between the two countries. Canadian Prime Minister Mark Carney had previously stated that Canada was prepared to take a 'tit-for-tat' approach, but on Monday indicated that considering the much larger scale of the US economy, the final plan may involve more targeted measures rather than comprehensive reciprocal tariffs. Carney described the conditions proposed by the US at the final stage of negotiations as 'unfair and not in economic interest.' Meanwhile, rhetoric between the US and Canada continues to escalate. Ontario Premier Doug Ford publicly criticized Trump, who warned that Canada would face 'worse consequences' if it did not 'cave in.' Trump further escalated his rhetoric on Tuesday, even threatening to rename Lake Ontario to 'Lake America.' Markets are closely watching the specific scope of Canada's countermeasures, particularly in core trade areas such as automobiles, steel, aluminum, and others. If both sides continue to expand the scope of tariffs, US-Canada trade relations may further deteriorate, increasing pressure on North American supply chains and inflation.