U.S.-Canada Tariff Talks Jolt the Auto Industry; Drive to Decision Day at the Iowa State Fair

Here's the Scoop · Aug 21, 2026 · 24m

The U.S. and Canada are facing a midnight deadline before President Donald Trump’s 50% tariffs are set to go into effect, affecting $20 billion worth of imports from Canada. A major sticking point in negotiations is the auto industry, which has already been struggling with the higher costs of tariffs. Nora Eckert, Reuters autos correspondent, explains what’s at stake for the sector and how the tariffs could affect prices for consumers. Then, NBC News Senior Political Reporter Jon Allen concludes his trek through some of the country’s biggest battleground districts with a stop at the Iowa…