Breaking Through The Noise: Econ Facts, Aug 28, 2026
💲Financial Friday 💲
➡️ Tariffs on Canada and US Debt Keep Escalating ⬅️
Serious 50% tariff war with Canada escalating
- 50% tariffs on 700 US products worth $20 Billion
- Targeting US steel, aluminum, appliances, processed cheese and clams
- Discontinues US products and services making other global choices
- As the #6 top US debt holder, Canada holds power to damage our economy further
⚠️ Tell your friends and family to just Google “Tariff refunds for companies not consumers”. ⚠️
Can start here.
US debt reaches new high of $40 trillion as interest rates rise
- The Trump presidency created the highest deficit of any other president (30% of our country’s debt to date is Trump’s)
- With growing debt and inflation fears, US gov has to pay higher yields to investors which drives future interest expenses higher.
- Other countries holding our debt have power as our debt buyers.
- The deficit now stands at 123% of our Gross Domestic Product (GDP) (the entire country could work 15 months, only paying off the deficit, to close the gap)
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Kennett Area Democrats
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