The US imposes 50% tariffs on $20 billion of Canadian goods including wine and cement, escalating trade tensions under the USMCA agreement and impacting key sectors.
The EU cuts duty-free steel import quota by 47%, imposing a 50% tariff on excess imports to protect its steel industry and counter China's market advantage.
Following talks in Beijing, Trump reveals China’s interest in U.S. oil and soybean purchases and potential influence on Iran amid shifting trade dynamics.
US President Trump delays 25% tariff hike on EU auto imports until July 4 amid progress in trade talks with the European Commission.
Munich's ifo warns that US tariff hikes on EU cars and potential retaliatory duties could push Germany into recession by 2026, escalating trade tensions amid political disputes.