Carney weighs response as US moves toward 50% Canada tariffs
What's next: The tariffs are due to take effect Aug. 19 as Ottawa keeps trade talks alive and holds back an immediate retaliation.
Bloomberg, Antara News +1
Subject
#Trade
Trump and Burnham plan meeting after first call on trade, Hormuz
What's new: Their first conversation covered North Sea oil, shipping through the Strait of Hormuz and a possible near-term visit.
Bloomberg, The Straits Times +1
US, India End 2 Days of Trade Talks Without Interim Deal Clarity
Why it matters: A pact could protect Indian exporters from higher US tariffs and widen US access to a fast-growing market.
Bloomberg, The Straits Times
US opens Section 301 probe into Germany drug pricing rules
Why it matters: The case could escalate a dispute over who pays for new medicines as Germany pushes cost cuts in public health insurance.
EU weighs tariffs and new trade tools as China deficit tops €1 billion a day
What's next: EU leaders meeting June 18 in Brussels are set to map out trade talks with Beijing and supply-chain moves in critical sectors.
Modi seeks Trump meeting at G7 as trade and strategy converge
Why it matters: India wants progress on trade and tighter US ties even as Trump’s tariff threats raise political risks.
Bloomberg, The New York Times +2
Trump, Modi push trade deal at G7 amid strain over Gulf attack
Why it matters: Modi raised the deaths of three sailors after a US strike on Indian-crewed vessels in the Gulf of Oman.
Bloomberg, The Straits Times
G7 pushes critical minerals plan to cut reliance on China
What's new: Leaders were negotiating support such as subsidies, price floors and guaranteed purchases for supply chains outside China.
US, Canada delay opening of $4.7 billion Detroit-Windsor bridge
Why it matters: The span would ease the busiest US-Canada truck crossing, handling freight valued at $126 billion in 2023.
Bloomberg, The Straits Times
Trump threatens to let USMCA lapse as July 1 review nears
Why it matters: The pact underpins about $1.6 trillion in annual North American trade and any exit process would take 10 years.
The New York Times, The Straits Times +1
Trump casts doubt on USMCA renewal before July 1 review deadline
What's next: Without a renewal commitment by July 1, the North American trade pact would face annual reviews and could lapse in 2036.
Bloomberg, PBS NewsHour