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Recent Editions

Risk Channel
North America
Canadian goods imported into the U.S. will face a blanket 35% tariff starting next month, President Trump said Thursday, in an announcement that came in the midst of active trade negotiations between the two countries. However, an exemption for goods that comply with the nations’ free-trade agreement, the U.S.-Mexico-Canada Agreement, would still apply, according to a White House official. “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter," Mr Trump said in the letter to Canada Prime Minister Mark Carney. “These Tariffs will be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with the United States of America." Meanwhile, Bloomberg reports that Vietnam’s leadership was caught off guard by President Trump's announcement that it agreed to a 20% tariff, and the Southeast Asian nation is still seeking to lower the rate.
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Risk Channel
UK/Europe
The UK’s position as a financial services leader is under threat, with a poll from the CRIF showing that almost half of senior financial professionals believe the UK’s dominance is declining and more than 40% would no longer consider the country a global leader in the industry. Over 30% of those polled said missed investment was driving the downturn. Analysis from KPMG shows that fintech investment fell by 27% to £7.9bn in 2024, from £10.1bn in 2023. Sara Costantini, regional director for the UK & Ireland at the CRIF, warned: "Without decisive action, new markets will continue to catch-up with and challenge London’s long-held crown as a leader in financial services."
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