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News Reporting· NPR Published Aug 22, 2026

Week in Politics: Canada talks collapse; U.S. 'Economic D-Day; record national debt

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Trade talks with Canada collapse hours before a new tariff deadline. President Trump threatens Iran with an "Economic D-Day" the same week the U.S. national debt surpassed $40 trillion.

SCOTT SIMON, HOST: There was a breakdown last night in U.S. trade talks with Canada as Canadian negotiators walked away from what Prime Minister Mark Carney called unfair and uneconomic last-minute terms. Fifty percent tariffs on Canadian goods are in effect today, and the prime minister says his country will match those tariffs, quote, "dollar for dollar to protect our workers and businesses." NPR senior analyst Ron Elving joins us. Ron, thanks for being with us.

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How Other Outlets Covered It

News Reporting· CBS News

8/23: Face The Nation

This week on "Face the Nation with Margaret Brennan," Minneapolis Fed President and CEO Neel Kashkari joins to discuss the U.S. debt hitting a record $40 trillion amid persistent inflation and market uncertainty. Plus, Rep. Byron Donalds joins fresh off his primary victory, and Massachusetts Democrat Rep. Seth Moulton…