The US has imposed 50% tariffs on Canadian goods, including alcohol and automobiles, escalating trade tensions and prompting calls for negotiations to resolve disputes under USMCA.
The US is negotiating to restore an Iraq-Syria oil pipeline bypassing the Strait of Hormuz, involving Chevron and other firms, aiming to reduce Iran's regional influence.
The EU and Mexico have signed a sweeping trade agreement eliminating most tariffs and easing trade barriers, aiming to boost exports, investments, and bilateral cooperation.
President Trump delays EU auto tariff hike to July 4, extending a key deadline amid ongoing disputes over compliance with a major US-EU trade agreement.
The ifo Institute warns that US tariff hikes on EU cars risk triggering a German recession in 2026 if the EU retaliates, threatening the country's vital automotive exports amid escalating trade tensions.
The EU and Mercosur provisionally launch a free trade agreement unlocking new market opportunities while facing legal, environmental, and political challenges.
US President Trump sees strategic value in Putin attending the 2026 G20 Miami summit amid ongoing tensions but notes uncertainty about Russia's official invitation and participation.