The trade war President Trump has sparked with Canada has caused Canadians to purchase nearly $130 million less wine this year.

Canadian provinces pulled U.S. wine, beer and spirits from shelves after tariffs, cutting imports by more than 70%

The coalition said Canadian shelf bans have slashed U.S. spirits exports by 70% and wine exports by 87% before the holidays.

Australian grain-fed beef exports to China are surging as the trade war with the US escalates, but some are warning of a bigger, more worrying picture.

With BRICS deepening ties and China dumping Treasuries, Trump tariffs could hasten the shift away from US-centric trade networks. #dollar #BRICS #Trump #tariffs

(Reuters) -Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough U.S. restrictions on chip sales to China, CEO Jensen Huang told CNN on Thursday. When asked whether the U.S. will lift export controls after trade talks with China in London this week, Huang said that he was not counting on it. "But, if it happens, then it will be a great bonus. I’ve told all of our investors and shareholders that, going forward, our forecasts will not include the China market," Huang said. Nvidia (NASDAQ:NVDA) did not immediately respond to a Reuters request for comment. U.S. President Donald Trump said on Wednesday he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and Beijing agreed on a framework covering tariff rates. Nvidia for the first time in May said restrictions on the use of open-source Chinese AI models, such as DeepSeek and Qwen, could hurt its business, as could U.S. rules barring connected-vehicle technology from China, where Nvidia’s long-struggling car chip business has finally flourished. It reported $4.6 billion in revenue from H20 sales in China as customers stockpiled the chips before the curbs set in, with the China business accounting for 12.5% of overall revenue.

A stronger mix of premium labels kept profitability in double digits despite weaker direct sales, softer traditional exports.

via World news | The Guardian — Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hike Australian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran. Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain. Continue reading...

Brazil demand may stay high, but Argentina’s will diminish WHAT US LNG exports to Latin America hit a 37-month high WHY The surge was because of supply disruptions, seasonal demand, plentiful US supply WHAT NEXT The surge will taper off as the regional gas balance changes United States LNG exports to Latin America and the Caribbean climbed to their highest level in more than three years in June, but analysts say the current pace of imports is unlikely to last. The surge had been driven by an unusual combination of supply disruptions, seasonal demand and plentiful US cargo availability. However, some of the factors behind the high are likely to persist. US LNG exports to the region reached about 48.84bn cubic feet (1.38bn cubic metres) in June, up about 55% from May and the highest monthly total in more than three years. The increase reflected a rare convergence of events rather than a structural jump in Latin American LNG demand. Dramatically reduced gas supplies from Trinidad and Tobago, stronger winter demand in Argentina, higher imports by Brazil in large part because of hydro shortages and growing US export capacity all combined to boost shipments. Trinidad and Tobago The biggest single factor was weaker regional gas supply. Trinidad and Tobago has long been one of Latin America's main LNG producers, supplying markets across the Caribbean and South America. But declining upstream gas production has left the country's Atlantic LNG complex operating well below its historical capacity, reducing the availability of regional LNG. The situation was made worse by planned maintenance at Atlantic LNG's Train 4, temporarily taking a significant amount of production offline and creating a gap that US suppliers were well placed to fill. That maintenance-related disruption should prove temporary. Once work is complete, production is expected to recover. However, restarting liquefaction capacity will not solve the industry's deeper problem if there is feedstock. Trinidad is pursuing several options to increase supply, including new offshore developments, better use of existing reserves and plans to import gas from Venezuela's Dragon field. But those projects face financing, regulatory and infrastructure hurdles, while Venezuelan gas remains vulnerable to political uncertainty and sanctions-related complications. As a result, Trinidad's LNG output could improve over the next few years but is unlikely to return to the levels seen during the country's peak production years without substantial new gas developments. Brazil is a significant driver Brazil was the second major driver of June's surge. The country became the largest Latin American destination for US LNG during the month, with imports from the United States rising by more than 400% compared with May. Brazil's electricity system depends heavily on hydropower, making LNG imports highly sensitive to rainfall and reservoir levels. Lower hydroelectric availability, combined with higher power demand, increased the need for gas-fired generation and boosted LNG purchases. Unlike many LNG importers, Brazil's demand can change sharply from one season to the next. When rain does not fill reservoirs, hydroelectric output drops, gas-fired plants run more often and LNG imports rise. That pattern has repeated itself several times over the past decade, making Brazil one of the world's most volatile LNG buyers. Although rainfall is expected to improve at least seasonally, reducing import requirements, longer-term uncertainty remains. More variable weather patterns because of climate change and continued expansion of wind and solar power are increasing the need for flexible backup generation, meaning Brazil is likely to remain an important swing buyer in global LNG markets. This is rather than returning permanently to very low import levels. Argentina’s role Argentina also contributed to June's increase. The southern hemisphere winter regularly pushes up gas demand as colder weather increases heating consumption. Although domestic production has risen rapidly from the Vaca Muerta shale formation, the country still relies on LNG imports during peak winter demand to balance the market. US LNG shipments to Argentina rose by more than 300% from May as seasonal demand increased. Unlike Brazil, however, Argentina's longer-term outlook points in a different direction. Continued growth of gas production in Vaca Muerta could steadily reduce the country's dependence on imported LNG. In fact, if development continues as planned, Argentina could eventually become a regional gas supplier, reshaping LNG trade across South America. The surge also reflects changes on the US supply side. US LNG exports continue to grow as new export capacity enters service. With additional liquefaction projects ramping up, more cargoes are becoming available for international markets. The commercial structure of US LNG also makes it particularly attractive for Latin American buyers. Many US cargoes are sold under flexible contracts rather than destination-restricted agreements, allowing them to move quickly to whichever market offers the strongest demand. Geography provides another advantage. Shipping LNG from the US Gulf Coast to the Caribbean or South America takes significantly less time than voyages to Europe or Asia, lowering transport costs and allowing suppliers to respond rapidly when regional buyers require spot cargoes. Europe Global market conditions also played a role. US LNG has flowed heavily to Europe since the continent sought alternatives to Russian pipeline gas. But cargo movements vary according to prices and demand across global markets. In June, stronger Asian LNG prices and shifting trade flows reduced Europe's pull on marginal cargoes, increasing flexibility in the market and leaving more US supply available for nearby destinations in Latin America. Taken together, the surge has thus largely been a supply-balancing event rather than the start of a permanent transformation in regional LNG trade. Some drivers are already likely to unwind. Maintenance at Trinidad's Atlantic LNG facility should end, while improved rainfall in Brazil would reduce demand for imported LNG. Others, however, are more enduring. Trinidad's declining gas production is unlikely to reverse quickly, while US LNG export capacity is expected to continue expanding over the coming years. Those structural changes should allow the US to maintain a larger role in Latin American LNG markets than it held historically, even if monthly export volumes retreat from June's exceptional levels. The result is likely to be a middle ground. Latin American imports of US LNG may fall as temporary supply disruptions ease and hydroelectric conditions improve, but they are unlikely to return fully to previous patterns. The region should remain an attractive nearby market for US Gulf Coast exporters, while Brazil continues to act as a flexible buyer and Argentina's expanding shale gas industry gradually reshapes the region's longer-term gas balance. This article is from Newsbase, an IntelliNews sister company that provides essential intelligence for the elite energy sector. Sign up for a free trial of one of our family of publications here.

Trade tensions and weaker demand pushed American whiskey exports down 35% in the European Union, dragging overall shipments lower.

U.S. alcohol exports to Canada plunge 72% as provincial bans disrupt longstanding trade ties and hit American producers hard

U.S. alcohol exports to Canada plunge 72% as provincial bans disrupt longstanding trade ties and hit American producers hard

Agro-food sector suffers 7.7% drop while exports to the U.S. plunge, highlighting challenges for Italian businesses abroad

Canadian provinces grapple with overflowing warehouses and expiring stock as diplomatic efforts to resolve tariffs stall

American whiskey, tequila, and RTD cocktails see triple-digit growth, but trade tensions and rising costs reshape global spirits market

Democrats requested export and trace records (letter Mar 26, 2026); US firearms exports to Mexico rose ~22% YoY in 2024 (US Census), per media report (Investing.com Mar 30, 2026).

Morgan Stanley upgraded Venture Global on Mar 23, 2026 after U.S. LNG exports averaged ~13.3 Bcf/d in 2025 (EIA); this note analyzes implications, peers, and risks.