[PERSON_NAME] is preparing retaliatory tariffs on [ADDRESS] goods following the collapse of trade talks, with Prime Minister [PERSON_NAME] vowing to match [ADDRESS] levies dollar for dollar. The move, set to take effect Sept. 8, targets steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. [ADDRESS] Premier [PERSON_NAME] has urged using electricity, energy, and critical minerals as leverage, focusing on Trump-base states like [ADDRESS] and [ADDRESS]. The escalation raises fears of a prolonged trade war that could raise prices for American consumers on goods like winter jackets and plywood, hurting President [PERSON_NAME]’s already weak economic polling.

Nvidia’s reported $30 billion investment in AI startup Perplexity adds to market volatility, while [ADDRESS]’s attorney general canceled talks with Paramount over a Warner Bros. Discovery deal, citing bad faith. The situation reflects deepening rifts in the Trump administration, with Commerce Secretary [PERSON_NAME] increasingly involved in trade negotiations.

Markets remain volatile as Fed Chair [PERSON_NAME] prepares to speak on interest rates and bond buybacks.