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] As Argentina seeks to accumulate greater foreign reserves and build credibility, exchange rate policy will remain closely watched by external creditors, foreign trade operators, and financial markets as an indicator of continuity of the broader economic reforms and political stability. New Zealand Ministry of Foreign Affairs and Trade
• [New] The Export and Investment Fund of Denmark said today it is providing a EUR - 100 million (USD116.6m) loan to Ukrainian agro-industrial company Kernel to build a 94.5-MW wind farm in central Ukraine that will be equipped with Vestas turbines. Renewables Now
• [New] Canada will implement dollar for dollar counter-tariffs next month. BBC News
• [New] The RV industry is concerned that replacing the USMCA with separate U.S.-Canada and U.S.-Mexico agreements could create different trade rules for manufacturers and suppliers. RVIA
• [New] The trade flow will be influenced by Chinese investments, which may divert volumes to Asia, but Western offtakers will seek to secure Argentine supply to meet IRA and other sustainability criteria. Energy Solutions Intelligence
• [New] Trade disruptions have elevated prices for the key crop nutrients and stoked concerns in the US about food security. Insurance Journal
• [New] The new T-MEC review framework creates an opportunity to strengthen the foundations of Mexico's export model. Invest Monterrey
• [New] The United States and Canada, traditionally close allies with a long history of cooperation, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries. Los Angeles Times
• [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

Last updated: 10 September 2026