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Recent Editions
Risk Channel
North America
U.S. President Donald Trump has announced plans to impose 50% tariffs on most Canadian goods in 30 days unless Canada removes what his administration describes as discriminatory trade barriers against U.S. products. The proposed tariffs would apply to most imports, including goods currently covered by the U.S.-Mexico-Canada Agreement (USMCA), although energy, potash, critical minerals, fish and products already subject to national security tariffs would be exempt. The White House said the move is intended to address Canada's retaliatory trade measures and restrictions on sectors including dairy and automotive imports, rather than being linked to the Canadian wildfires Trump criticized over the weekend. The 30-day delay is expected to provide time for negotiations, with analysts viewing the announcement as a potential bargaining tool ahead of wider USMCA trade talks.
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Risk Channel
UK/Europe
Euro-zone lenders tightened corporate credit standards further amid perceived higher risks due to geopolitical events including the Iran war, the European Central Bank (ECB) said in its second-quarter Bank Lending Survey. Banks also reported more rigid standards for mortgages, consumer credit and other lending to households. “Perceived risks to the economic outlook and banks’ lower risk tolerance remained the main factors contributing to the tightening, as banks remain highly attentive to risks related to geopolitical and energy developments,” the ECB said.
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