– Trade negotiations between Canada and the US have been suspended, with Canada applying tariffs on US imports that will affect 23.9% of US exports of the products covered (in the 12 months to June 30, 2026) across consumer goods, materials and machinery. Further countermeasures from the US are likely.
– Elsewhere in trade policy, our analysis of corporate comments on tariff refunds finds four main uses for the funds after tariffs became a net-positive matter of discussion in the past three months. The US is tightening the regulations for importer reporting standards...