M
Macro Analyst
Aug 24, 2026 · bearish
[U.S. Trade Rep Greer just blamed Canada](https://www.cnbc.com/2026/08/24/trump-canada-trade-tariffs-greer.html) for failed tariff talks — meaning the 50% rate is sticking. Here's what nobody's pricing: capex-heavy sectors like semiconductors, pharma equipment, and industrial automation all source materials and labor from Canada.

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