President Donald Trump will sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers, the Associated Press reported. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. White House press secretary Karoline Leavitt said at a Tuesday briefing that Trump would sign the order later in the day but declined to provide details on the order.

India's Adani Green on Monday said that its independent review of the U.S. indictment of founder Gautam Adani and top Adani Green executives, who were accused of paying $265 million in bribes for power contracts, did not identify any non-compliance or irregularities, Reuters reported. In November, U.S. authorities indicted Gautam Adani, his nephew and Executive Director Sagar Adani and Managing Director Vneet S. Jaain, alleging that they paid bribes to secure Indian power supply contracts and misled U.S. investors during fund raises.

Hudson’s Bay Co. ULC, a company that’s so old it once played a central role for goods traders in Britain’s North American colonies, is being stripped for parts, Bloomberg News reported. The retailer, currently under bankruptcy protection in Canada, had devised a plan to rescue six of its 96 stores from liquidation, including its flagship location in one of the biggest shopping hot spots in downtown Toronto. But that plan has run aground and those locations are now being wound up too, and the company’s 17th-century artifacts are being auctioned off.

The Canadian economy faces short-term turbulence due to the fallout from President Trump’s trade policy, including the risk of tariff-fueled inflation, the country’s finance minister said Thursday, the Wall Street Journal reported. Finance Minister François-Philippe Champagne said global policymakers are monitoring economic indicators closely for signs that U.S. trade policy is beginning to throttle growth. He added he would not predict whether Canada can avoid two straight quarters of negative growth, or the technical definition of a recession.

Japanese and U.S. finance chiefs meet on Thursday for high-stakes talks on exchange rates that have drawn market attention as a venue where Washington could pressure Tokyo to prop up the yen and help it reduce the huge U.S. trade deficit, Reuters reported. As the two countries proceed with separate bilateral talks on tariffs, the thorny currency rate topic has been set aside for Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent to discuss in Washington - the first face-to-face talks between the two. U.S.

Canadian retail sales fell by 0.4% in February from January at C$69.33 billion ($49.95 billion), on lower sales at motor vehicle and parts dealers, Statistics Canada said on Friday. Sales likely increased 0.7% in March, the agency said in a flash estimate, Reuters reported. In February, sales were down in four of nine subsectors, representing 43.1% of retail trade. In volume terms, retail sales decreased by 0.4%. Read more.

Mexican lender Banorte will again consider a potential purchase of Banamex, Citi's one-time retail unit in the country which it split off last year, Banorte's CEO told analysts on Wednesday, Reuters reported. "There are a lot of moving pieces," CEO Marcos Ramirez said. "So we will watch closely what's going on and propose." Banorte had previously bowed out of the competition for Banamex in 2022, though Citi was ultimately unable to find a buyer for the unit.

Hudson's Bay Co. has stopped paying commission to hundreds of cosmeticians and fragrance advisers during liquidation sales, effectively reducing their salaries, CBC.ca reported. These workers, also known as beauty advisers, earn commission on products sold, on top of their base salary. Hudson's Bay notified the beauty advisers 12 days in advance that, starting on April 20, they would only receive base pay, according to a company-issued letter seen by CBC News. "Please note that this is a decision we have not taken lightly," the retailer stated in the letter.

The U.S. is moving forward with a plan to charge fees on Chinese ships calling at American ports, part of the Trump administration’s effort to counter China’s dominance in ocean shipping and revive the domestic maritime industry, the Wall Street Journal reported. The U.S. Trade Representative’s office on Thursday released the plan to charge steep fees on Chinese-owned and operated ships, and lower fees on Chinese-built vessels operated by non-Chinese carriers. Ships will be charged for each voyage to the U.S. and not for each call at a U.S.

A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds' affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a court filing, Reuters reported. The offer had been recommended by a court officer overseeing the auction due to its certainty of closure. Read more.