Overview
- An EU–U.S. framework set a 15% tariff on most goods entering America to avert a wider clash, though a 50% U.S. duty on European steel remains.
- President Donald Trump imposed and threatened new Canadian levies, including reinstated 25% steel and aluminum tariffs that drew dollar-for-dollar retaliation in March and a 35% tariff scheduled for Aug. 1.
- Mark Carney ended the consumer carbon price after being sworn in and later announced a 25% tariff on Chinese steel alongside import quotas to protect domestic producers.
- As Israel halted goods into Gaza during fragile truce talks in March, Canada pledged nearly $100 million in relief in July and said it will seek UN recognition of a Palestinian state in September contingent on Hamas being excluded from elections.
- Legal and accountability milestones included Philippine police arresting Rodrigo Duterte on an ICC order and an Ontario court approving a $32‑billion settlement with tobacco companies.