Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States, Reuters reported. The Economy Ministry said that the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact $52 billion of imports.

The Supreme Court on Tuesday announced it will quickly weigh the legality of most of President Donald Trump’s sweeping tariffs, a far-reaching case that could determine the fate of a cornerstone of the president’s agenda and alter the course of the U.S. economy and global trade, the Washington Post reported. The justices asked the government and a group of small businesses and states to expedite briefings in the case, setting a deadline of Sept. 19 to submit them. The case has been set for argument the first week in November.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat, Reuters reported. Trump also encouraged the European Union to slap India with similarly expansive tariffs, said the official. China and India are major purchasers of Russian oil and, as such, they play a vital role in keeping Russia's economy afloat as it continues to pursue its expanded invasion of Ukraine, which began in 2022.

Canadian Prime Minister Mark Carney says he’ll announce Thursday the first wave of major projects to be fast-tracked under a new law passed by his government, Bloomberg News reported. The law aims to speed up regulatory reviews for projects deemed to be in the national interest, with the goal of permitting them within two years. Carney wants to expand Canada’s infrastructure, such as ports and rail lines, to allow exporters to reach new trading partners and reduce their reliance on the US.

Mexico’s budget includes 263.5 billion pesos ($14.1 billion) for its embattled state oil company Petroleos Mexicanos to cover debt expenses in 2026, the latest in a string of financial lifelines for the debt-ridden driller, Bloomberg News reported. The company’s proposed budget for next year totals 517.4 billion pesos ($27.7 billion), 7.7% higher than 2025, according to the document. Mexico expects the company’s oil output to reach 1.8 million barrels per day next year, with an average oil cost of $54.9 per barrel. Oil exports are forecast at 521,000 barrels per day, the budget showed.

U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan's tariff negotiator Ryosei Akazawa said on Tuesday, Reuters reported. Citing a U.S. Federal Register document dated September 9 that formalised President Donald Trump's executive order on the U.S.-Japan trade deal, Akazawa said in a press conference the revised tariff rates on Japanese goods will take effect within seven days from its publication.

Canada will pause its electric-vehicle sales mandate that was set to take effect next year to ease the financial squeeze the domestic auto sector faces from hefty Trump administration tariffs, the Wall Street Journal reported. Prime Minister Mark Carney added Friday that officials would review the EV sales policy, implemented by his predecessor Justin Trudeau, alongside a broader review of how the Canadian economy can remain competitive while reducing greenhouse gases.

A Quebec Superior Court judge has declared the North American branch of battery manufacturer Northvolt insolvent as the provincial government seeks to recover $260 million owed to it, CBC.ca reported. Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection following a request earlier in the week from the province.

Swedbank on Saturday said that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the bank without enforcement, Reuters reported. The investigation was initiated in 2019 and concerned Swedbank's historic disclosures of information, the company said. In 2019, Swedbank admitted to failings in combating money laundering and said it was under investigation by multiple U.S. authorities.

The last group of people, companies and others owed money by Laurentian University when it declared insolvency four-and-a-half years ago are finally getting at least some of what they're owed, CBC.ca. The plan to pay back Laurentian's final creditors is in the works with last week's completion of a real estate deal between Infrastructure Ontario and Laurentian University. Back in September of 2022, a plan was put before the unsecured creditors for a vote.