Canada and the United States are engaged in ongoing trade negotiations that focus on critical minerals and defense cooperation, according to three Canadian and one U.S. source. The talks aim to shape a 'phase one' trade deal that would reduce President Donald Trump's tariffs on Canadian goods in exchange for concessions on trade demands. Key U.S. requests include Canada purchasing F-35 fighter jets, adopting U.S. tech like radar planes for defense systems, and securing future oil and gas supplies. Ottawa is seeking to finalize the agreement before Trump’s impending August 19 tariffs take effect, as existing tariffs have already strained Canadian industries. The negotiations involve high-level officials from both countries, with discussions emphasizing the need for a fair deal that balances economic interests. However, concerns remain about Trump’s potential interference or additional demands, complicating the process. Canada is also navigating provincial cooperation to address issues like alcohol boycotts, which are tied to trade concessions.

Honeywell rose 1.6% on Mar 25, 2026 after defense agreements; Lockheed climbed 2.2% — read a data-led assessment of contract drivers and sector implications.

Hungary signs $22bn in deals with the US during VP Vance's Budapest visit, including $700mn in HIMARS rockets, a $20bn SMR nuclear study and $500mn in crude oil purchases by MOL from American suppliers.

The deals are part of a rapidly growing set of military agreements with the Philippines concluded by the United States and other imperialist powers in preparation for war with China.

The deals includes collaborations on ASELSAN’s SARP Remote Controlled Stabilized Weapon System, CENK 4D Search Radar, Artillery Fire Control System, and Missile Data Link, as well as ROKETSAN’s SUNGU...