Kashkari says inflation could be extended "the longer there's back and forth" in Canada tariff fight
August 23, 2026 / 2:22 PM EDT / CBS News
TL;DR
- Neel Kashkari believes the U.S.-Canada tariff fight could extend inflation.
- The U.S. imposed 50% tariffs on Canadian products after trade talks failed.
- Canada plans to implement retaliatory tariffs on U.S. goods.
- Kashkari noted that the trade dynamic is a supply shock contributing to inflation.
- He suggested that a stable trade relationship would allow businesses to adjust and inflation to subside.