A powerful country on the other side of the world is quietly shaping Trump's latest trade fight

Live updates

1. 18d ago

   Canada plans tariff retaliation against US

   Canada will match new US tariffs 'dollar for dollar' after President Donald Trump ordered 50% duties on Canadian goods, prompting a trade dispute between the two countries. Prime Minister Mark Carney stated Canada's plan to retaliate. This move comes as Canada suspended trade talks with the US due to disputes over market access and the future of the US-Mexico-Canada Agreement.

   Why it matters

   The trade dispute between Canada and the US is being closely watched by other countries. Canada's actions are shaped by its economic interests and relationships with other countries, including China. The US-Canada trade relationship is significant, with both countries imposing tariffs on each other's goods in recent years.

   What is confirmed

   • Canada will match new U.S. tariffs "dollar for dollar"
   • President Donald Trump ordered 50% duties on Canadian goods
   • Canada suspended trade talks with the U.S. due to disputes over market access

   What to watch next

   • US reaction to Canada's tariff retaliation plan
   • Impact on the US-Mexico-Canada Agreement
   • Canada's future trade talks with the US
   Sources used for this update (4)

   1. www.foxbusiness.com — Trade War
   2. www.cfr.org — The Iran War at Six Months: A Region—and Its Relationship With the U.S.—Transformed
   3. theconversation.com — China’s AI and tech breakthroughs are built on decades of work. Here’s what other nations can learn
   4. foreignpolicy.com — Russia and North Korea Are Scrambling Trump’s Alliance Strategy
   confidence 100%
2. 22d ago

   Canada's trade moves shape Trump's latest fight

   Canada has launched a 'Chinese-styled counterattack' against the US, according to a Global Times editorial. This move is seen as a heavy blow and is being closely watched by other countries. The Canadian government's actions are being shaped by its own economic interests and relationships with other countries, including China.

   Why it matters

   The ongoing trade tensions between the US and other countries, including Canada, are having significant implications for global trade. The Trump administration's trade policies have been a major factor in these tensions. Canada's actions are being seen as a response to the US's trade policies.

   What is confirmed

   • Canada has launched a 'Chinese-styled counterattack' against the US.
   • The Trump administration is preparing sweeping economic measures against Iran and its trade partners.

   Still unconfirmed

   • The US tried to limit trade deals between Canada and other countries.

   What to watch next

   • The US response to Canada's 'Chinese-styled counterattack'
   • The impact of the trade tensions on global trade
   • The outcome of the Trump administration's economic measures against Iran and its trade partners
   Sources used for this update (7)

   1. Fox Business — A powerful country on the other side of the world is quietly shaping Trump's latest trade fight
   2. Global Times — Canada launches a ‘Chinese-styled counterattack’ – a heavy blow: Global Times editorial
   3. The Hub | More Signal. Less Noise. — Why is the Carney government inviting China’s propaganda machine into Canada?
   4. The Sunday Guardian — Trust usurps all: Canada, India and the new economics of security
   5. IndexBox — Canada PM Carney Says US Tried to Limit Trade Deals with Other Countries - News and Statistics
   6. Bloomberg.com — China Media Hails Canada’s ‘Chinese-Style’ Tariff Retaliation
   7. www.foxbusiness.com — ‘Economic D-Day’ on Iran puts trading partners in crosshairs as Tehran threatens retaliation
   confidence 70%