Carney and Trump agree to intensify trade negotiations

The US administration has confirmed the imposition of a 50% tariff on Canadian imports, effective in 30 days, citing policy disputes and initiating intensified bilateral negotiations. Concurrently, the US is preparing to reimpose and expand global tariffs as temporary measures expire, signaling a broader shift towards aggressive protectionist trade policies. The specific scope and targets of these broader tariffs remain unconfirmed, but the intent is clear.