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Top Of The World; Canada's Retaliatory Tariffs Set To Take Effect. Aired 8:55-9p ET
Aired September 07, 2026 - 20:55 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[20:55:34]
ELEX MICHAELSON, CNN HOST: Good evening. I'm Elex Michelson. Here's an update from the CNN newsroom. After more than two weeks of finger- pointing and threats, Canadian Prime Minister Mark Carney is moving ahead with his response to President Trump's trade war.
Just after midnight Eastern time tonight, taxes as high as 50 percent will be applied to hundreds of American products crossing the border. That includes aluminum foil, raincoats and cheese. These latest retaliatory tariffs risk raising prices even higher for all Americans and could strain the economies of the border states in the lead-up to the midterm elections this November.
CNN's Kevin Liptak live at the White House for us tonight. Kevin, what is the response from the administration?
KEVIN LIPTAK, CNN SENIOR WHITE HOUSE REPORTER: Well, President Trump is making clear that he is in no mood to de-escalate. He has actually threatened a new round of tariffs, 50 percent on Canadian autos and auto parts that would go into place on January 1st if these Canadian tariffs go into effect.
And perhaps foreshadowing his mindset on all of this today, he announced that Bombardier, which is the Montreal-based aerospace company, would be banned from selling its products in the U.S. unless they moved production across the border. He said, buy American, fly on American airliners, enjoy American liquor and beverages, sail on Lake America, America first. That last part, of course, a reference to his name change of Lake Ontario to Lake America.
It has no practical effect on Canada but clearly reflects the souring mood between these two longtime allies. Now, it doesn't seem as if this is going to de-escalate anytime soon. In fact, polls show that Canadians are actually behind Prime Minister Carney in these tariffs. That is public support that President Trump does not enjoy among the American public for his own trade moves, Elex.
MICHAELSON: Yes, well, and tonight President Trump weighed in on gas prices, saying they will, "Drop when we will win the war with Iran." The President and Republicans are about to take their pitch to voters at the party's first ever midterm convention in Dallas later this week. Will that be a part of it?
LIPTAK: Yes. And I'll just say that truth is notable. He's calling it a war and he's acknowledging that the U.S. hasn't won it yet, both of which the administration has been loath to do over the last week. But when it comes to this convention, this will really be the Trump show. It wouldn't be happening at all unless the President had conceived of it and gotten Republicans in line behind him.
A number of Republicans aren't going to show up. They're wary of bringing the President into their races, of making it a referendum on his time in office. There will be plenty of Republicans who are there speaking, and President Trump himself will be speaking on both nights. Vice President Vance will be speaking on the last night. You'll also see a number of Cabinet secretaries, Republican stars.
I'll point out that this is going up against the season openers for the NFL. That could provide some ratings challenges for a President who is always quietly attuned to how many people are watching on television.
MICHAELSON: Yes. Of course, NFL football, the number one show on T.V. Kevin Liptak at the White House. Thank you so much for that.
Federal investigators described the scene at Miami International Airport as utter devastation when this Amazon cargo plane overshot a runway yesterday. Watch.
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UNIDENTIFIED MALE: Oh, my God. Oh.
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MICHAELSON: At least five people died. Five more were injured. All five of the people who died were in vehicles hit by that plane. Condition of the two pilots who were rescued from the cockpit still not known. Tracking data shows that the plane was still going 130 miles an hour when it reached the end of the runway before barreling through fences and a four lane road.
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JENNIFER HOMENDY, NTSB CHAIR: We'll be here for at least a week. We will not be determining probable cause while we are on scene. We are here to document the scene and to collect the perishable evidence. One thing the public could really help us with is if you think you have photos or videos or information that is relevant to this investigation, we would ask that you send those in to witness at NTSB.gov.
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MICHAELSON: Recovery crews were able to retrieve the aircraft's black box, which should reveal audio from the cabin.
[20:59:59]
We're closely following as Hurricane Lowell's path shifts closer to Hawaii, increasing the danger. Its track has shifted about 175 miles east, placing Kauai and Niihau under a rare hurricane warning. It's currently a category two hurricane with winds of a 110 miles per hour. Heavy rain is already flooded roads on O'ahu where a tropical storm warning is now in effect. But all the islands will be soaked as the storm approaches. That's a live look right now.
Thanks for joining us on CNN Newsroom. I'll be back for The Story Is at midnight eastern. Anderson Cooper in The Whole Story starts right now.
