US To Impose 50% Tariff on Many Canadian Goods | Balance of Power 07/20/2026

Posted on 07/21/2026
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"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Retired General Ben Hodges, former commanding general of US Army Europe, discusses the recent escalation in the conflict involving Iran, highlighting the deaths of three more US service members and the ongoing challenges faced by US forces. Michelle Brouhard, head of policy and geopolitical risk at Kepler, joins the conversation to analyze the market's surprisingly muted response, with Brent and WTI crude oil prices rising less than 1%. Representative Jake Auchincloss (D-MA), a member of the House Energy and Commerce Committee, discussed the escalating conflict between the US and Iran following the deaths of 17 American soldiers and multiple US strikes in the region.

Chapters:

00:01:58 Bloomberg’s Kate Sullivan on US Forces Launch New Round of Strikes on Iran
00:04:50 Retired General Ben Hodges, Former Commanding General of US Army Europe, on Who’s in Control of US-Iran Conflict?
00:07:15 Ret. Gen. Ben Hodges on What Strategy the US Should Take Going Forward With Iran
00:16:28 Michelle Brouhard, Head of Policy and Geopolitical Risk at Kepler, on US-Iran Conflict Affect on Oil Market
00:20:32 Michelle Brouhard on US Gasoline Tops $4 a Gallon as Iran War Escalates
00:22:14 Michelle Brouhard on US To Impose 50% Tariff on Many Canadian Goods
00:24:51 Representative Jake Auchincloss (D-MA) on US Strategy Following a Death Toll of 17 American Soldiers
00:27:29 Rep. Jake Auchincloss (D-MA) on Can US Win this War?
00:28:46 Rep. Jake Auchincloss (D-MA) on Hegseth To Testify Before Senate Panel Tuesday
00:31:58 Rep. Jake Auchincloss (D-MA) on Trump Says Netanyahu Will Not Be Arrested After Mamdani Threat
00:33:26 Rep. Jake Auchincloss (D-MA) on House GOP Looks To Take Stopgap Vote This Week
00:35:33 Bloomberg’s Nancy Cook on Troy Jackson on Track To Be Dems’ Sen Nominee in Maine
00:39:54 Political Panel Reacts: Trump Backs Darline Graham, Troy Jackson, Pete Hegseth to Testify Before Senate

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