"Canada has been ripping off the United States of America for years," wrote President Trump in his latest social media outburst, laying out his tariff torrent against Canada.
"Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries.
Not sustainable, and NOT ANYMORE!"
The US implemented a new 50% tax on imports of hundreds of Canadian items including furniture, plastics, plywood and electrical equipment on Saturday.
It’s such a high rate that it may cut off the world’s biggest market for some Canadian enterprises.
And now this morning, Trump unveiled more products will face dramatic tariff increases come the start of next year...
"On January First, 2027, Tariffs on all Cars, Trucks, both large and small. Automotive Parts, and Steel, will be increased to 50%.
Build in the U.S. and there are ZERO TARIFFS.
Canada will be treated like a State no longer!
On Trade, and in other ways, also, they are among the worst Nations in the World to deal with.
They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US!
They do 95% of their business with the U.S., with us, the exact opposite!"
The Loonie was weaker ahead of Trump's tweet...
Carney’s government has pledged financial help for businesses caught in the crossfire. That may prove more complicated than previous aid packages for industries like steel that have been facing US tariffs for more than a year.
The new tariffs are “very diffuse, and they hit, in particular, small and many medium enterprises in various parts of the country and in radically different supply chains,” said Matthew Holmes, chief of public policy at the Canadian Chamber of Commerce.
“Very difficult for the federal government especially to create a package of supports for them.”
Canadians may have wanted their prime minister to stand tough and not sign a bad trade deal with the US; but the collapse of talks, and the escalation of the tariff war, will come at a price.
Tyler Durden Mon, 08/24/2026 - 09:53Regular readers are aware that one of our biggest concerns with the AI supercycle, and the entire AI arms race between the US and China, is that when push comes to shove, not only is there mounting grassroots opposition to data center build out across the US but, more importantly, the US is badly lagging China when it comes to the rollout of much needed energy to power the hundreds of Gigawatts of energy needed to power up the hundreds of data centers that are coming on line.
Consider that as we noted two weeks ago, China is currently building 37 nuclear reactors while the US is building zero.
Monthly nuclear update: China 37 nuclear reactors under construction; US 0 pic.twitter.com/GnIU82Jqtf
— zerohedge (@zerohedge) August 14, 2026Meanwhile, the stopgap measure of using gas power as data center energy sources, while prudent, is about to hit a wall as much of the future buildout is rapidly approaching its maximum capacity. Which means that unless nuclear energy is fast-tracked, there will be a massive energy gap preventing the future construction of data centers, something we noted in "More Than Two-Thirds Of The Power Sought For US Data Centers Will Never Materialize."
Which is why we have been keeping a close eye on the rollout and commercialization of modular reactors which are a much more credible long-term energy source for the AI revolution, and were pleasantly surprised to read this morning that Nano Nuclear Energy, a leader in the commercialization of US modular reactors, announced the signing of a strategic commercial framework with Tillman and its global data-center platform, Tillman Digital Gateway, to advance the future deployment of Nano Nuclear's Kronos MMR Energy Systems across Tillman's planned AI industrial zones in the United States.
The framework identifies Nano Nuclear as Tillman's anticipated preferred nuclear technology provider and establishes a structure for the parties to collaborate on the evaluation and development of nuclear generation opportunities across Tillman's growing U.S. data-center pipeline, with a parallel opportunity to expand to certain international markets.
In connection with the proposed collaboration, the parties are targeting 2 GW or more of advanced nuclear capacity by the mid-2030s and 6 GW or more by 2040, subject to general and site-specific definitive agreements, customer commitments, financing, regulatory approvals and other project requirements.
“Power availability is becoming one of the defining constraints on the continued expansion of AI infrastructure, and addressing this challenge will require both near-term execution and long-term planning,” said James Walker, CEO of NANO Nuclear Energy.
“For NANO Nuclear, this framework represents an important potential commercialization pathway that connects our technology with an anticipated multi-gigawatt-site pipeline of power demand,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Importantly, the structure is intended to align both organizations around measurable project-development and commercial milestones as individual opportunities progress. We believe combining Tillman’s infrastructure-development capabilities with our nuclear technology, regulatory licensing pathway and deployment model can create a scalable foundation for future nuclear-powered AI infrastructure.”
“Meeting the extraordinary power requirements of next-generation AI infrastructure requires us to plan not only for what our campuses need today, but for the resilient, scalable power architecture they will require for decades to come,” said Sachit Ahuja, Co-President of Tillman Global Holdings. “We view NANO Nuclear as an emerging leader in advanced nuclear whose progress to date, commercially focused strategy and modular technology platform make it a compelling potential solution for our medium- and long-term power requirements. This framework combines Tillman’s infrastructure-development platform and relationships with large-scale technology customers and NANO Nuclear’s advanced nuclear capabilities, creating a pathway to benefit from the integration of nuclear generation into future Tillman campuses as our portfolio expands.”
Below are the listed key elements of the proposed framework:
To be sure, this is still woefully insufficient to plug the full gap of roughly 763 GW of uncommitted or unconfirmed energy needed for data center power builds, but it is a welcome start and we believe that more data centers will need to follow in Tillman's footstep to arrange precisely the kind of long-term energy deals that advanced nuclear companies like Nano Nuclear make possible.
Tyler Durden Mon, 08/24/2026 - 09:30Recent deadly Russian attack waves on Ukrainian cities - especially the capital - have prompted France to announce it will be speeding up deliveries of anti-air defense missiles to the Ukrainian armed forces.
It also comes after after a call between French President Emmanuel Macron and Ukraine's Volodymyr Zelensky - which focused on the country's rapidly dwindling supplies of interceptor missiles.
via AFPMacron specifically referenced a Friday Russian drone attack on the city of Kryvyi Rih, which happens to be Zelensky's hometown.
Two Russian drones in succession hit the Sun Gallery shopping center in the city, resulting in a death toll of 16 people, with approximately 130 others wounded.
"I expressed our horror and our emotion to him," Macron said of the Zelensky call. "With these strikes and those this week against Kyiv, Russia is continuing and intensifying the crime of its aggression. By systematically targeting civilians, and by choosing intimidation and escalation, Russia is likely seeking to project strength but is above all revealing an admission of weakness."
Vowing to increase collective Western pressure on Moscow, Macron announced the following:
In this context, it is crucial to provide Ukraine with all the necessary means to defend its skies and thwart this aggression. I announced to President Zelensky the strengthening of our support, with the delivery of interceptors and the continuation of our cooperation in the wake of the launch meeting of the Anti-Missile Coalition held in Paris on July 13 last and the letter of intent signed on November 17, 2025. It is essential that all countries with capabilities at their disposal also join this effort.
Macron has also indicated that his country is leading the charge in seeking to develop European alternatives to the US Patriot missile system, given it is widely acknowledged that the Patriot is the only weapon currently possessed by Ukraine capable of downing high-speed ballistic missiles.
Members of Europe's 'Coalition of the Willing' are meeting again Monday:
French President Emmanuel Macron, U.K. Prime Minister Andy Burnham and German Chancellor Friedrich Merz will co-chair a Coalition of the Willing meeting Monday aimed at strengthening support for Ukraine and increasing pressure on Russia.
European leaders are pledging further support to Kyiv, days after a Russian drone attack on a crowded shopping mall in Kryvyi Rih killed at least 16 people.
One former US official has given new insight into just how low Ukraine's Patriot supplies have dwindled.
Below: Russian drone strike hit shopping center in Kryvyi Rih days ago...
At least 5 killed and nearly 100 wounded after Russia struck the "Sun Gallery" shopping mall in Kryvyi Rih, Ukraine. The second Geran-type drone hit the scene once emergency crews were already on site.@Archer83Able pic.twitter.com/7GK6w6ULbI
— Open Source Intel (@Osint613) August 21, 2026"Ukrainian President Volodymyr Zelenskyy asked the U.S. for about 5 percent of its remaining Patriot inventory in a meeting with Mike Pence, the former vice president said Sunday," Politico reports. According to more of his comments:
If the U.S. could spare 5 percent of its missile defense system, Pence said Zelenskyy told him, then "he believes that would get them through the winter months."
Zelensky in early August had said Ukraine received only a third as many air-defense interceptors so far in 2026 compared to the same period in 2025.
"Our partners have the missiles. What is needed are the necessary political decisions on deliveries and on accelerating production, including localization in Ukraine," Zelenskyy said at the time.
Tyler Durden Mon, 08/24/2026 - 09:20