Canada’s Side of Tariffs, DoD Drones, & The Bond Market Speaks 8/25/26

Legendary investor Stanley Druckenmiller has penned a sharp op-ed criticizing Treasury Secretary Scott Bessent’s new bond buyback strategy. In “Operation Economic Outcast,” President Trump is attempting to pressure Iran by way of its trading partners. CNBC’s Eunice Yoon explains China’s role in the strategy and in Iran’s oil economy. After U.S.-Canada trade talks collapsed, tariffs set in on some Canadian exports to the U.S. Canadian Minister responsible for Canada-U.S. Trade Dominic LeBlanc shares his country’s side of the negotiations. Plus, the Pentagon’s Chief Technology Officer Emil Michael discusses the Department of Defense’s multibillion dollar bet on drones. 

Eunice Yoon - 06:05

Dominic LeBlanc - 23:14

Emil Michael - 35:42

In this episode:

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Eunice Yoon, @onlyyoontv

Cameron Costa, @CameronCostaNY

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