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U.S. Treasury Secretary has stated that the current trade conflict with China is not sustainable

Reports indicate the U.S. government is considering significant reductions to the high tariffs recently imposed on Chinese imports, potentially lowering them to a range between 50 and 65 percent. President Trump mentioned anticipating a deal to lower tariffs substantially, though not eliminating them completely.

Canada has pledged to increase its defense spending

This aims to move closer to the NATO target by 2030. This commitment comes amid pressure from the United States to bolster military expenditures. The Canadian government plans to allocate additional funds to modernize its armed forces and enhance operational capabilities. Officials believe this investment will strengthen national security and fulfill international obligations.