China’s Ministry of Commerce has announced that a new framework agreement has been established with the United States, aimed at reducing tensions surrounding rare earth exports and technology restrictions.

This development will enable both nations to roll back previously imposed limitations.

On the other hand, the trade relationship with Canada has soured following Donald Trump’s announcement that he is “terminating all discussions on trade effective immediately” and that he will inform Canada of his tariff intentions within the week.

This decision carries significant consequences, as both countries have been strong neighbours and the second largest trading partners, and it threatens to strain businesses in both industries along the border, potentially leading to higher inflation and decreased demand for goods.

In contrast, the trade deadline between the United States and the European Union (EU) is set for July 9, with both sides hoping for a resolution. If not, US tariffs on nearly all EU products could rise by 50 percent. After a cordial G7 gathering, it is expected that both the sides will soon reach an agreement.

Additionally, last week, the Wall Street Journal (WSJ) reported that President Trump is contemplating replacing Federal........

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