President Trump signs an executive order renaming Lake Ontario to Lake America, citing US territorial volume. He then turns to trade, accusing Canada of ripping off the US and claiming the US loses about $60 billion a year carrying Canada. Trump announces substantial tariffs on Canadian cars and possibly other products to force production into the United States. He also muses about renaming the Atlantic or Pacific.
This Bloomberg Markets video, published August 27, 2026, features Donald Trump discussing EWC, XLY, Canadian auto exports. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Donald Trump · Tickers: EWC, XLY, Canadian auto exports