April 2 Tariffs: US Trade Officials To Visit India For Talks.

A Quebec representative at the summit cited a 45% tariff on softwood lumber and a 50% tariff on aluminum, saying those measures are increasing costs for housing and auto manufacturing and urging clarity from U.S. negotiators.

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Detailed accounts of the final hours of the negotiations show that, while the United States offered Canada what it said was the best deal of any country, what Canada had to give up in exchange was see...

via World news | The Guardian — Breakdown shows Washington now prioritises its own interests over any semblance of shared economic ground ‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade war The calamitous collapse of trade negotiations between Canada and the United States is a warning to nations worldwide that pursuing any kind of dialogue with the current US administration is doomed at the outset, according to observers who say this recent episode indicates seeking a fair deal is futile. Andrea Lawlor,

via Al Jazeera – Breaking News, World News and Video from Al Jazeera — Mexican president says she is seeking a decrease in tariffs as both countries seek new bilateral trade deal.

via The Hill News — The details of the failed trade negotiations between the U.S. and Canada, which sparked tit-for-tat 50 percent tariffs on certain goods between the two countries, are now coming to light. U.S. Trade Representative Jamieson Greer said in a Saturday evening interview with The New York Times that, before this weekend, officials had offered to reduce…

via ABC News: Top Stories — Tension between Washington and Ottawa is already high, stoked by trade disputes and President Donald Trump's inflammatory comments about making Canada the 51st U.S. state

Alberta Premier Danielle Smith has stated that she will not retaliate against U.S. President Donald Trump's threat of a 50% tariff on Canadian goods by implementing an alcohol ban. During a provincewide radio show, Smith emphasized the need for measured responses and urged calmness in addressing trade issues. She noted that American authorities have not banned any Canadian products, making an alcohol ban an excessive measure. Alberta's decision to halt American alcohol imports last year was part of broader provincial efforts to counter Trump's tariff threats, but Smith insists the approach should remain diplomatic rather than confrontational. The situation reflects ongoing tensions in U.S.-Canada trade relations, with other provinces like Ontario and Quebec continuing to avoid stocking U.S. alcohol. While Prime Minister Mark Carney highlighted intensified trade negotiations, Alberta and Saskatchewan have resisted using cross-border exports as leverage. Smith expressed optimism about reaching an agreement with the U.S., underscoring the importance of diplomatic engagement over retaliatory measures.

<p>High-level trade negotiations between the United States and China continued for a second day in Geneva, Switzerland, on May 11, 2025, as both nations seek to resolve their ongoing tariff dispute. T...

<p>BEIJING - In a significant shift from its previous hardline stance, China has agreed to engage in trade talks with the United States this weekend in Switzerland [1][2][3]. This decision comes after...

<p>In a significant development for global trade relations, top economic officials from the United States and China are scheduled to meet in Geneva, Switzerland, this weekend. The talks, announced on ...

Brazilian President Luiz Inácio Lula da Silva and US President Donald Trump have agreed to start immediate negotiations on tariffs and sanctions imposed by Washington, following a meeting in Malaysia that sought to ease trade tensions.

Japanese negotiators have just days before the end of Trump’s 90-day pause on punishing tariffs to pull off a breakthrough

India and the U.S. move towards a new trade deal, resolving tariff disputes and strengthening defense and energy ties.

We are back to business after the Easter holidays and the playbook hasn't changed in the markets with US assets getting sold and gold rallying to new highs almost everyday. On the data front, we don't have anything of note today other than a couple of low tier releases that won't move the market anyway as the focus remains on tariff negotiations. Negotiations that seem to be going too slowly. The market's patience is getting tested a lot and at some point the pessimism will prevail. As always, keep an eye on Trump's posts on his social and tariff related headlines throughout the day. Central bank speakers: * 10:30 GMT/06:30 ET - ECB's Knot (neutral - voter) * 13:00 GMT/09:00 ET - Fed's Jefferson (neutral - voter) * 13:30 GMT/09:30 ET - Fed's Harker (neutral - non voter) * 13:40 GMT/09:40 ET - Fed's Kashkari (neutral - non voter) * 17:00 GMT/13:00 ET - ECB's de Guindos (neutral - voter) * 18:00 GMT/14:00 ET - BoE's Breeden (neutral - voter) * 18:30 GMT/14:30 ET - Fed's Barkin (neutral - non voter) * 22:00 GMT/18:00 ET - Fed's Kugler (neutral - voter) This article was written by Giuseppe Dellamotta at www.forexlive.com.