Canada Hits US With Counter-Tariffs As Trade War Looms | Daybreak Europe 8/24/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Bloomberg has learned that Canada's government sees little chance of resuming talks with President Donald Trump before the midterm elections, after trade negotiations collapsed. The US applied a 50% tariff on about $20 billion in Canadian goods, and Carney announced retaliation that will take effect on Sept. 8. Stocks fell at the start of a pivotal week for markets, with the AI trade under pressure ahead of key tech earnings and the Federal Reserve’s annual gathering. Alibaba tumbled in Hong Kong after it raised $10.2 billion in a share sale. And Ukraine's President Zelenskyy said the country offered Russia a truce on attacks against ships carrying agricultural commodities through the Black Sea, but Moscow rejected the deal because it wanted guarantees against strikes on its energy infrastructure. Today’s guest: Isaac Thong, Aberdeen Asian Income Fund Co-Portfolio Manager Chapters: 00:00:00 - Daybreak Europe 00:02:28 - Asian stocks snap two-day rally 00:05:20 - Alibaba seeks $10 billion from Hong Kong share sale 00:09:27 - Canada braces for long trade war with US 00:13:55 - Bessent looks to relieve bond market pressure 00:15:58 - Kevin Warsh to make first Jackson Hole speech Friday 00:17:53 - Europe's key waterways hit by extreme weather 00:21:48 - Monday top stories 00:24:16 - Monday headlines 00:26:09 - Andy Burndam vows continued Ukraine support 00:27:29 - Bloomberg Intelligence: The changing face of modern Warfare 00:31:25 - Zelenskyy: Putin rejected Black Sea shipping truce offer 00:34:12 - Isaac Thong, Aberdeen Asian Income Fund Co-Portfolio Manager 00:45:07 - Freeland: Don't see this as a zero-sum game -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts