#tariffs
US Official: Trump, Modi to Resolve Tariffs Amid Sanctions Bill Threat
A White House trade adviser stated that US President Trump and Indian Prime Minister Modi have a strong working relationship and will resolve potential tariffs. This comes amid a Senate-passed bill that could impose up to 100% tariffs on countries buying Russian oil and gas, including India.
Quebec's Supply Management a Hurdle for New Canada-U.S. Trade Deal
Quebec's dairy supply management system poses a significant obstacle to Prime Minister Mark Carney securing a new trade agreement with the United States. U.S. tariffs on Canadian goods are set to take effect on August 19th, creating pressure for a resolution.
US Fiscal Deficit to Reach $2.1 Trillion in FY2026 Amid Tariff Ruling
The US fiscal deficit for FY2026 is projected to hit $2.1 trillion, an increase of over $200 billion from previous estimates. A Supreme Court ruling has led to a significant reduction in expected tariff revenue.
Quebec Links American Wine Sales to Tariff Relief in Ongoing Trade Dispute
Premier Christine Fréchette announced that Quebec will only permit the return of American alcohol to SAQ shelves if the U.S. reduces tariffs on provincial exports. The province maintains exclusive jurisdiction over alcohol sales amid a broader trade conflict involving forestry, aluminum, and manufac