Canada to respond to Trump’s new tariffs – US politics live
Context
Tariffs on an array of Canadian products took effect over the weekend with Trump threatening further measures on cars and trucks Sign up for the US Breaking News email Trump announces new 50% tariff on Canadian cars, trucks and steel Canada said it will announce its response to Donald Trump’s new tariffs, as the neighbours that used to be close allies spiral into a trade war. Canadian PM Mark Carney said on Monday that while American negotiators saw the French language in Canada as an “irritant … in Quebec, these are rights,” days after receiving widespread praise from political leaders for rejecting a US trade proposal that many perceived as weakening the country’s Francophone culture. Darline Graham and Ralph Norman face South Carolina voters yet again in a special Republican primary runoff to replace the late Lindsey Graham in the Senate, one month after his sudden death. Darline Graham is a political newcomer now serving as interim replacement for her brother. She has struggled to define herself to voters who routinely backed her brother. Norman has stressed his experience servicing in state and federal office. Tulsa businessman Mike Mazzei is hoping to win a hotly contested Republican primary runoff for Oklahoma governor against state Attorney General Gentner Drummond. Trump has endorsed Mazzei and sharply attacked Drummond. The winner will face Oklahoma House Minority Leader Cyndi Munson in a vote to be governor of the deeply conservative state. The Supreme Court is siding with the Trump administration in a case over Trump’s executive order restricting mail-in voting, though it remains unclear how much can be implemented before the fast-approaching midterm elections. The US Postal Service laid out its plan for implementing the order last week, but time is running short to impose major changes. President Volodymyr Zelenskyy said Trump had congratulated Ukraine on its independence day. The message that Zelenskyy shared on X read: “Let us seize this moment to end the conflict and build a durable, lasting peace that unleashes the tremendous potential of Ukraine for generations to come.” Zelenskyy said on Sunday that his country is receiving substantially fewer Patriot defence systems, even as Russian ballistic attacks are increasing. Continue reading...
What it means
Causal chain
No clear market signal
How to read a signal
- Severity
- the event's market impact, 1–5
- Direction
- ↑ / ↓ likely price move for the asset
- Exp. move
- the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:Most flagged events don't move beyond noise; those count against us (see the track record).Ssmall<1%Mmoderate1–5%Llarge>5%
- Timeframe
- the window we measure over:1dshort5dmedium21dlong
- Conviction
- how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:lowaveragestrong
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