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THE WANG REPORT · MORNING EDITION
Sunday, August 23, 2026

CL Trade wars are back, and Washington sent Ottawa the invitation: a fifty percent tariff on Canada. Ottawa's reply was to leave the table. Both sides are calling the collapse regrettable, which in diplomatic language means expected.-- CL
MB Washington slapped tariffs on Canada with the confidence of a repeat offender, which in trade policy now counts as a personality. Beijing and Manila swapped warnings over a reef. And Comey got indicted a second time, this time over a social media post, which tells you less about the law than about who's still keeping score.-- MB
MBThe strongman playbook works fine right up until the trading partners and adversaries stop reacting on cue, and today Ottawa, Tehran, and a grand jury all declined to follow the script.
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