Wednesday, 26 August 2026 · Europe
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European Edition Wednesday, 26 August 2026
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Economy & Money

The Guardian view on Trump’s economic threats: bullies can overplay their hand | Editorial

The Guardian view on Trump’s economic threats: bullies can overplay their hand | Editorial
Business | The Guardian

Tariffs on Canada, threats against Iran’s partners and bond market intervention show a president weaponising US power while making Americans poorer at home Three moves in the last week have exposed the limits of Donald Trump’s economic bullying . The US slapped 50% tariffs on another $20bn of Canadian goods – then threatened the same rate on the cars, trucks, parts and steel that America Inc depends on. On Monday, the Treasury secretary, Scott Bessent, menaced Iran’s trading partners with exclusion from the US financial network, hoping that coercion can deliver what months of war have not. And

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