Overview

• Chancellor Friedrich Merz will host Prime Minister Mark Carney at the Bundeskanzleramt on August 26 at 8:00 with military honors.
• The German government says the meeting will focus on deepening bilateral relations and on current foreign and economic policy issues.
• U.S. trade measures now impose a 35% tariff on nearly all Canadian exports, with steel and aluminum facing rates up to 50%, according to the report.
• Canada has expanded exports to partners including Germany, the Netherlands, Japan and Australia as part of a diversification effort, Germany Trade & Invest reports.
• The Royal Bank of Canada warns that growth could stagnate in 2025 and fall by up to 2% in 2026 under the weight of the tariffs.