Overview

• The Trump administration is reportedly preparing to roll back or refund auto-related tariffs to alleviate financial pressures on domestic manufacturers.
• Tariffs on Chinese imports remain at 145%, with limited exemptions for consumer electronics negotiated by major tech companies.
• Chinese Foreign Minister Wang Yi reiterated that concessions to the U.S. would lead to further demands, condemning tariffs as tools of coercion.
• Global markets, including Asian exchanges, show cautious movement as uncertainty persists over trade negotiations and economic fragmentation risks.
• Canada’s Liberal Party, led by Mark Carney, secured a federal election win, reflecting regional pushback against U.S. trade policies.