The Tánaiste, Simon Harris, is expected to inform the cabinet of the need to seek exclusions from tariffs for key sectors, including zero-for-zero arrangements.
Overall spending in May fell 0.1% from the prior month and incomes fell 0.4%, the Commerce Department reported Friday. Coming on the heels of a report that first-quarter GDP shrank more than expected, the data show a rapidly downshifting economy.
Markets are experiencing a relative calm amid recent volatility, as major indices show modest gains, though analysts warn this may be a temporary respite.
Despite the ongoing uncertainties in the market, including geopolitical tensions and tariffs, U.S. equities are bouncing back, showing signs of resilience under current conditions.
This tariff is not impacting the Americans. It's impacting us individual Canadians. I'm caught in the politics of two countries fighting with each other and it's the Canadian government who has implemented this tariff, not Donald Trump.