The U.S. and EU have outlined a new trade framework, introducing a 15% tariff on European imports while eliminating tariffs on American exports. This agreement promises to foster mutual economic benefits and reduce barriers.
Treasury Secretary Scott Bessent warns that significant government spending could lead to a financial crisis, as the Trump administration seeks to enforce fiscal discipline amidst market fluctuations.
As G7 foreign ministers meet in Canada, Secretary of State Marco Rubio faces a daunting challenge amidst Trump’s controversial trade policies. The gathering highlights the tensions within international alliances as tariffs and diplomatic strategies take center stage.
President Trump threatens a massive 200% tariff on European alcohol in response to the EU’s retaliatory tariffs on US spirits. This escalation highlights the risks of a trade war.
As concerns about a potential recession loom over the market, the S&P 500 futures remain flat, indicating a moment of pause for investors amid trade policy uncertainties.
Mark Carney, a Harvard alumnus, is elected as Canada’s 24th Prime Minister with immense support, navigating challenges in international relations and national politics ahead.
