The EU is preparing to step up its engagement with other countries hit by Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners, Bloomberg News reported. The contacts with nations including Canada and Japan could include the potential for coordination. The move comes as talks between the EU and the US have dragged on and continue to be stuck on several issues, including cars and tariff rates on agriculture.
Read more

Canada Back in Tariff Crosshairs

Although markets are trying to shrug off the week's U.S. tariff threats as yet another negotiation tactic, there's growing unease at the daily barrage, the latest being a 35% tariff on Canadian goods and higher levies on other countries, Reuters reported. U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.
Read more
Brazilian President Luiz Inácio Lula da Silva said Thursday that he would impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial against his predecessor, Jair Bolsonaro, the Associated Press reported. Lula said he would trigger Brazil's reciprocity law approved by Congress earlier this year if negotiations with the U.S. fail. "If there's no negotiation, the reciprocity law will be put to work.
Read more

The Canadian advertising market has been in turmoil for some years, with local broadcasters and online media players cutting jobs and losing market share amid shifting advertising demand, marketing budget cuts and U.S. streaming giants with ad tiers increasingly dominating the domestic media space, The Hollywood Reporter reported. But now that volatility has reached the Canadian podcasting business, with news The Podcast Exchange, a Toronto-based advertising reseller and branded content producer, has signaled it may seek bankruptcy protection.

Read more

More than 34,000 Quebec households filed for insolvencies, which includes bankruptcies, from June 2024 to May 2025, according to the Office of the Superintendent of Bankruptcy (OSB), the Montreal City News reported. That’s equivalent to 94 families in financial distress every day. This represents a 4.7 per cent increase — or 1,546 more cases — from the same time period last year. While this number is slightly lower than the national average, Quebec consumers outrank other provinces with the increase of bankruptcies filed in the past year.

Read more

The U.S. Bankruptcy Court for the District of Delaware has issued an order holding Byju’s founder, Byju Raveendran, in civil contempt for failing to comply with earlier court orders related to limited expedited discovery, The Economic Times reported. “This court has personal jurisdiction over Raveendran,” it said in an order on Monday. The court has further directed Raveendran to comply with the discovery orders. “Raveendran shall remit to the clerk of court the sum of $10,000 for each day he remains in contempt of the orders,” it said.

Read more

Walk down the aisles of a Trader Joe’s or Whole Foods Market in the U.S., and chances are many of the piles of oranges, lemons, limes and grapefruit will be labeled “Produce of South Africa,” Bloomberg reported. They have become a staple in the U.S. — the world’s largest citrus importer — especially during the off-season summer months when in the southern hemisphere the South African winter harvest is at its peak. But now, those supplies are threatened by a potential 31% tariff President Donald Trump has slapped on the country.

Read more

The Trump administration said on Tuesday that it would seek to limit Chinese and foreign purchases of American farmland, citing a threat to national security, the New York Times reported. In a seven-point national security plan, the Agriculture Department said it would enhance public disclosures of foreign ownership of farmland, enact steeper penalties for false filings and work with Congress and states to ban purchases from foreign adversaries.

Read more

Fewer Canadians are shopping for U.S. homes, new data shows, amid anecdotes that President Trump’s tariff and immigration policies have put off home buyers from across the border, Mansion Global reported. The number of Canadians house hunting in the U.S. via Redfin plunged more than 26% in May compared to a year ago. Overall searches on the listing site took a very slight dip that month, but the decline was nowhere near enough to explain the large dropoff in Canadian shoppers, according to a report from Redfin on Monday.

Read more

U.S. President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1, the Associated Press reported. Trump provided notice by posting letters on Truth Social that were addressed to the leaders of the various countries. The letters warned them to not retaliate by increasing their own import taxes, or else the Trump administration would further increase tariffs.

Read more