Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– Canadian Prime Minister Mark Carney arrived in China on Wednesday, becoming the first Canadian prime minister to visit the country in eight years. Carney will meet with senior Chinese officials on Thursday before a Friday meeting with Chinese President Xi Jinping and a banquet with business leaders. A major trade issue up for discussion will be China’s tariffs on Canadian canola, peas, pork and seafood, which were imposed after Canada put duties on Chinese electric vehicles, steel and aluminum. Canada is also looking to expand trade outside of the United States.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Saskatchewan…
– U.S. President Donald Trump told reporters at a Ford automobile facility in Dearborn, Mich. on Tuesday that the Canada-U.S.-Mexico Agreement (CUSMA) is “irrelevant” to him and that the U.S. doesn’t need cars made in Canada. The free trade deal is up for renewal with formal talks beginning later this month. U.S. Trade Representative Jamieson Greer has suggested that the agreement could be dismantled in favour of separate deals with Canada and Mexico.
– The U.S. Supreme Court is expected to issue rulings on cases on Wednesday, which could include the legality of Trump’s wide-ranging global tariff scheme. Trump invoked the International Emergency Economic Powers Act to impose the tariffs, claiming trade deficits and drug trafficking as national emergencies. His administration is appealing rulings from lower courts that said the tariffs are illegal.
– U.S. Vice President JD Vance and Secretary of State Marco Rubio will meet with foreign ministers from Greenland and Denmark at the White House later today, hours after Trump said on social media that NATO should help put Greenland in U.S. hands and anything less would be “unacceptable”. Trump reiterated that Greenland, a semi-autonomous Danish territory, is needed for national security purposes under supposed threats from Russia and China despite the presence of U.S. military bases in the territory. Officials from Greenland and Denmark stated the island is not for sale.
