Global Scans · Trade · Weekly Summary

WHAT'S NEXT?: Global trade policies could be upended with a new President in the White House, Brexit, a potential break-up of the European Union and China reacting to these changes in profound ways.

• [New] Powering 15% of Canada's electricity, nuclear energy is positioned as a competitive advantage and an opportunity for economic growth, international partnerships, trade diversification, and energy sovereignty. Torys LLP
• [New] Under a modernized agreement, tariffs on agricultural products traded between the United States and Mexico will remain at zero. United States Trade Representative
• [New] Escalating pharmaceutical trade tensions may create opportunities for Brazil's generic medicines sector as global manufacturers reassess export strategies. Fitch Solutions
• [New] Brazil's government consideration of pharmaceutical patents as a retaliatory tool against US tariffs will elevate intellectual property risks for innovative multinational drugmakers. Fitch Solutions
• [New] Canada's existing counter-tariff on US steel and aluminum will increase from 25% to 50% to match the new US rate; its existing counter-tariff on US-made vehicles continues unchanged. Zonos
• [New] If Canada's retaliatory tariffs take effect, there is a possibility that the U.S. could escalate with new tariffs in response, intensifying the trade tensions. Russell Investments
• [New] Canada has announced that it will implement dollar-for-dollar retaliatory tariffs on a subset of American goods. Russell Investments
• [New] The recently threatened 50% tariffs on Canadian autos, trucks, and car parts would feed through to consumer prices more readily than before. BBC News
• [New] Trade war tensions between the United States and Canada are on the rise, a risk to the U.S.' inbound travel recovery. Skift
• [New] Canada has said it will retaliate with dollar for dollar tariffs of its own on American goods. HuffPost UK
• [New] The IEEE is warning that China's export controls on rare earth minerals could start to impact datacenters, as shipments of some key materials are down 75% and Beijing is due to review its policies in November 2026. theregister
• [New] The PRC threatened unspecified countermeasures against new US secondary sanctions against Iran's trade partners, which include several PRC and Hong Kong entities. American Enterprise Institute - AEI
• [New] Canada must balance many different considerations when selecting which U.S. products to tariff in order to cause maximum pressure in the United States with minimal disruption at home. CBC
• [New] Canada's new tariffs could weigh on its own economy. CBS News
• [New] The import duties will be applied to more than 800 types of U.S. goods, impacting everything from American-made cheddar cheese to steel and aluminum products, potentially hurting dairy producers in Wisconsin and Vermont and manufacturers in Michigan and Indiana. CBS News
• [New] Canada's tit-for-tat tariffs are the latest volley in a widening trade war pitting two longtime allies against each other, a fight that experts say could hurt both countries economically. CBS News
• [New] Oxford Economics reckons the trade conflict would reduce Canadian economic growth only slightly in 2027 - from a previously forecast 1.6% to 1.4%. Reading Eagle
• [New] The dollar-for-dollar, rate-for-rate counter-tariffs will be paired with $5.4 billion in support to protect Canadian workers and businesses. The Week
• [New] Fastest-Growing Region: Europe is the fastest-growing region, projected to grow at a 15% CAGR through 2033, driven by the EU's efforts to reduce dependence on imported natural gas and accelerate building electrification. Persistence Market Research
• [New] The US-Israeli war with Iran has proved more consequential for global energy security, trade and international stability than initially anticipated, while the US military intervention in Venezuela challenged established principles of national sovereignty and international law. Modern Ghana
• [New] Allied air forces seeking affordable mass without proportional pilot casualty risk represent a high-growth export opportunity for manufacturers capable of delivering certified autonomous wingman platforms at sub-US$ 20 million unit economics. Persistence Market Research

Last updated: 03 September 2026