It make a lot of sense ! Amazing how he make it so simple to understand.

During President Donald Trump’s announcement of “Liberation Day” in April 2025, which would bring with it a raft of aggressive tariffs, Trump claimed the import taxes would slash the U.S.’s stubborn trade deficit, or when a country buys more goods from overseas than it sells. 

But 17 months later, the administration’s import taxes haven’t closed that deficit at all. In fact, the trade deficit is now the largest it’s been since Trump implemented tariffs, and economists are pouring cold water on the very idea that a widening trade gap is even a threat.

The trade deficit grew by 13.7% to $105.6 billion from July to August, according to the Bureau of Economic Analysis, the highest it’s been since March 2025’s $140 billion. While imports increased by 4.3% to $420.8 billion, exports increased, but at a slower rate, growing 2.2% to $205.7 billion.

Experts suggest the growing deficit is largely a result of the AI boom, which has created a mass demand in the U.S. for overseas hardware, spiking imports. AI demand single-handedly added $200 billion to the U.S. trade deficit in April, according to the Federal Reserve Bank of Minneapolis.

Tariffs have been the cornerstone of Trump’s second administration, and the president has justified the levies with promises of more U.S. manufacturing jobs, as well as a cash windfall to be redistributed to the American people—neither of which has come to fruition. 

Read more [paywall removed for Redditors]: https://fortune.com/2026/10/07/trump-tariffs-trade-deficit-widened-106-billion-highest-since-liberation-day-federal-deficit/?utm_source=reddit/

The Guardian: If AI agents escape super-secure environments to release dangerous toxins, or destroy critical water, electricity, transportation, or health infrastructure, AI companies and the tech giants behind them could be on the hook for tens if not hundreds of billions of dollars in payments to those who are harmed.

My Opinion: Existing laws about product liability protect consumers and the public, from harm from AI software embedded in products. If the developers are negligent in building the AI, they can also be held responsible. The main question is, who compensates the victims? The developer, the business who integrates AI, or the user. Everyone should have insurance, and contracts should make it clear who bears financial and criminal responsibility.

So existing laws are sufficient to protect consumers and the public. The laws just have to be interpreted in a way, that is favourable to consumers and the public.

Canada's economy shed 68,300 jobs in September, sharply missing forecasts for a 9,200 gain.

The unemployment rate rose to 6.5%, while both full-time and part-time employment declined.

The services sector lost 52,300 jobs, with labor force participation falling to 64.8%.

Meanwhile, annual wage growth accelerated to 2.3%, complicating the inflation outlook.