Prime Minister Mark Carney says Canada remains in talks with the United States despite an increasingly hostile exchange with President Donald Trump. Existing US duties already cover Canadian steel, aluminum and automobiles, while a threatened 50% tariff on additional goods is scheduled for August 19 but is not yet in force.
The Senate measure would authorize 100% tariffs against leading buyers of Russian energy or sanctions-evasion hubs, but lawmakers fear inflation, damage to allies and a broad new presidential trade power.
A spice importer and a watch retailer argue that 10% and 12.5% duties imposed under Section 301 are too broad and lack the country-specific findings required to justify a trade remedy.
Mexico says the effective tariff burden will not change because compliant goods remain exempt and new duties replace expiring Section 122 charges on the same share of exports.
Brazil formally requested WTO consultations over a 25% U.S. tariff and an additional levy of up to 12.5%, opening a dispute that could advance to a panel if bilateral talks fail.
Presidents Luiz Inácio Lula da Silva and Lee Jae Myung agreed to accelerate negotiations through a new working group, while a meat-sector inspection and critical-minerals cooperation provide early tests of execution.
The Justice Department may initially request fewer records in selected transactions and seek more only if needed, aiming to shorten review without changing the legal test for competitive harm.
A U.S. trade investigation announced after a €890 million Google fine could expose the European Union to new tariffs and merge digital regulation with the wider transatlantic trade conflict.
Chile’s Congress approved almost all remaining provisions of President José Antonio Kast’s flagship economic overhaul, including a phased corporate tax cut from 27% to 23%. One municipal compensation clause remains unresolved, while the opposition prepares a Constitutional Court challenge.
The Brazilian government announced 18.5 billion reais in financing for companies affected by U.S. tariffs and international conflicts, combining Treasury resources with credit from state development bank BNDES.
The European Commission approved the $55 billion acquisition of Electronic Arts by an investor group including Saudi Arabia's Public Investment Fund under EU merger rules, concluding that the transaction does not raise competition concerns. A separate review under the Foreign Subsidies Regulation remains pending, with a decision expected by July 30.
Senator Elizabeth Warren accused major AI companies of trying to use North America's trade pact to narrow regulatory access to model information and source code, opening a new public-affairs dispute over transparency, trade rules and corporate oversight.
