The US President postponed the increase in tariffs on products from Mexico and Canada until April 2, but warned of a possible increase. Trump stated that such measures are necessary to bring wealth back to America.
140,000 members of the Liberal Party of Canada are voting for a new party leader to replace Justin Trudeau as Prime Minister. Among the candidates are Mark Carney, Chrystia Freeland, Karina Gould, and Frank Baylis.
Canada will hold a G7 foreign ministers' meeting in Charlevoix from March 12 to 14. The agenda includes the situation in Ukraine, the Middle East, the Indo-Pacific region, America, and Africa.
The USA vetoed the proposal to create a special G7 group to monitor violations of sanctions against Russian oil tankers. Washington is also trying to soften the wording regarding Russia in the G7 joint statement.
NATO Secretary General Mark Rutte stated the need to increase European defense budgets above 3% of GDP. The Alliance requires an increase in the production of ammunition, ships, tanks, and other military equipment.
The President of the United States has signed an order to establish a White House working group to oversee preparations for the 2026 World Cup. According to the FIFA president, the tournament will create 200,000 jobs and bring in about $40 billion.
Donald Trump announced the possibility of imposing new tariffs against Canada in response to 250% tariffs on American dairy products and lumber. The US President accused Canada of years of "ripping off" the country.
Canada's Foreign Minister Mélanie Joly stated that U. S. tariffs are a pretext for the future annexation of the country. Joly denied accusations regarding border security and called the U.S. an exporter of illegal weapons and drugs.
The Canadian government is worried about Trump's statements regarding a possible annexation of the country and calling Trudeau the "governor. " The U.S. plans to review military cooperation and exclude Canada from the "Five Eyes" group.
Brent and WTI oil prices are showing the biggest weekly drop since October due to uncertainty in U. S. trade policy. OPEC+ plans to increase production by 138,000 barrels per day.
The U. S. Secretary of Commerce announced the possible exemption of Canadian and Mexican goods from tariffs under the USMCA. The delay will last for one month and will primarily affect automakers.
The President of Poland stated that the agreement on rare earth minerals between the USA and Ukraine will make it a strategic location for America. The USA will protect its interests in Ukraine, even without sending troops.
The President of Poland stated that a military contingent is not mandatory for monitoring the peace agreement. According to him, monitoring could be carried out by UN forces, which Russia may agree to.
Britain and France are initiating the creation of a "coalition of the willing" to support Ukraine after a possible peace agreement. About 20 countries, mostly European, have already shown interest in the initiative.
Due to the new 25% tariffs imposed by Trump, Canadian stores are halting the sale of alcohol from the U. S. In response, Canada has implemented its own tariffs on American goods worth 155 billion Canadian dollars.
Canadian Defence Minister Bill Blair stated the country's readiness to join the international peacekeeping contingent in Ukraine. The "Coalition of the Willing" is discussing the details of the mission and security guarantees.
Trump and Trudeau had a phone conversation regarding new mutual trade tariffs between the USA and Canada. Trump accused Trudeau of weak border policy and attempts to stay in power.
The Trump administration is considering a one-month delay of new automotive tariffs for Mexico and Canada. Shares of American automakers rose after this news: Stellantis by 8.1%, GM by 6%, Ford by 4.5%.
The leaders of the USA and Canada had a phone conversation after the USA imposed a 25% tariff. Trudeau announced retaliatory measures.
The President of the USA announced the implementation of mirror tariffs on imports from other countries starting April 2. Trump emphasized the unfairness of the current system, where the USA imposes lower tariffs than their trading partners.
Donald Trump promised to immediately raise tariffs in response to Canadian duties. Trudeau had previously announced a 25% tariff on American goods worth $155 billion.
The USA has imposed new tariffs against Canada, to which Ottawa will respond with a 25% tariff on American goods worth $155 billion. Trudeau criticized the USA for waging a trade war against an ally while simultaneously appeasing Russia.
The Vice President of the United States opposed the proposal from Britain and France to send peacekeepers to Ukraine. Instead, he supported the agreement on the distribution of income from natural resources between the United States and Ukraine.
The USA plans to impose a 25% tariff on imports from Mexico and Canada, which has raised concerns in the EU. The European Union is urging the USA to reconsider protectionist measures and work towards a joint solution to preserve global trade.
The USA is introducing new 25% tariffs on imports from Canada and Mexico starting Tuesday. Canada and Mexico are preparing corresponding measures, which could lead to a trade war in North America.
American indices Dow Jones, S&P 500, and Nasdaq fell by 1. 48-2.64% due to Trump's introduction of new tariffs. The U.S. President is imposing a 25% tariff on Canada and Mexico and a 10% tariff on China starting March 4.
Legendary Canadian rock musician Neil Young with the band Chrome Hearts will perform in Ukraine. The free concert will be the first in the European tour Love Earth Tour, with the date and venue to be confirmed.
Shares of Rheinmetall, Saab, and Dassault Aviation rose by 8. 9-15% after the announcement of Ukraine's defense. European leaders plan to create a “coalition of the willing” and allocate €200 billion for defense.
The United States plans to impose an additional 10% tariff on Chinese goods starting March 4 due to the fentanyl problem. China is developing countermeasures that will include tariff and non-tariff restrictions on American goods.
Canada has imposed sanctions on 31 Russians and Russian paramilitary groups supporting aggression in Ukraine. The decision was announced by Justin Trudeau during a summit in London.