Episode
BONUS POD: Trump Drops 50% Tariff Hammer on Canada plus Treasury Unleashes IRS in Minnesota
- Podcast
- Verdict with Ted Cruz
- Published
- Jul 21, 2026
- Duration seconds
- 1091
- Processing state
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Summary
1. Trump Administration's 50% Tariff on Canadian Goods Main points: The administration argues that Canada has unfairly discriminated against U.S. products, particularly: American automobiles Alcohol products Dairy exports The tariff is presented as a way to protect: American workers Manufacturers Farmers Domestic industries The policy reportedly uses Section 338 of the Tariff Act of 1930 , a rarely used authority allowing tariffs on countries deemed to discriminate against U.S. commerce. Not all Canadian goods would be affected: Energy products Fish Critical minerals Other strategic goods are reportedly exempt. The commentary argues that Canada depends more on access to the U.S. market than vice versa and predicts Canada may eventually negotiate. 2. Minnesota Welfare Fraud and IRS Investigation Main points: Fraud could total in the billions of dollars The "Feeding Our Future" fraud scandal and broader allegations involving public benefits programs. Treasury Secretary Scott Bessent is said to have announced: IRS audits of financial institutions Investigations by FinCEN (Financial Crimes Enforcement Network) A federal task force to examine money laundering tied to the fraud Follow the path of funds after they were allegedly stolen and determine whether: Banks Money service businesses Financial intermediaries knowingly facilitated money laundering or ignored suspicious activity. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the The Ben Ferguson Show Podcast and Verdict with Ted Cruz Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening X: https://x.com/benfergusonshow YouTube: https://www.youtube.com/@VerdictwithTedCruz See omnystudio.com/listener…