Canada

China

Economics

Politics

China's commerce ministry announced 100% tariffs on $1 billion worth of imports of Canadian rapeseed (canola) oil, oil cakes and peas, and a 25% tariff on $1.6 billion of Canadian pork and aquatic products, effective March 20, The New York Times reported on March 8.

China, Canada: Beijing's New Tariffs Meant To Deter Ottawa From Trade War

United States

Former British and Canadian central bank governor Mark Carney won Canada's Liberal Party's leadership election in a landslide, securing 85.9% of the vote and becoming prime minister-designate, CBC reported on March 9.

Canada: Mark Carney Wins Canada's Liberal Party's Leadership Election in a Landslide

Mexico

U.S. President Donald Trump signed an executive order on March 6 pausing 25% tariffs on Mexican and Canadian goods that comply with the U.S.-Mexico-Canada Agreement until April 2, although the 10% tariff on Canadian energy will remain in place, Bloomberg reported the same day.

U.S.: Trump Signs Order Pausing Tariffs on Some Canadian and Mexican Goods

U.S. President Donald Trump said he would pause tariffs on cars produced in Canada and Mexico for one month, The New York Times reported on March 5.

U.S.: U.S. Tariffs on Mexican, Canadian Cars To Pause for One Month

Following Canadian Prime Minister Justin Trudeau's announcement of retaliatory tariffs against the United States, U.S. President Donald Trump wrote in a March 4 Truth Social Post, "Please explain to [Trudeau] that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!"

U.S., Canada: Trump Threatens To Add More Tariffs in Response to Canadian Retaliatory Tariffs

Canadian Prime Minister Justin Trudeau announced a package of retaliatory tariffs on U.S. goods on March 3 in response to 25% U.S. tariffs going into effect on most Canadian and Mexican goods on March 4, AP reported on March 4.

U.S., Canada, Mexico: Canada Imposes Retaliatory Tariffs on U.S. Goods While Mexico Waits

U.S. President Donald Trump ordered the Commerce Department to investigate whether timber or lumber imports harm national security, giving the department 270 days to conclude the investigation, Reuters reported on March 1.

U.S., Canada: Trump Orders Investigation Into Softwood Lumber Imports as 25% Tariffs Loom

Europe

U.S. President Donald Trump said in a Feb. 27 Truth Social post that tariffs on Canada and Mexico would go into effect on March 4 as scheduled and that the United States would levy an additional 10% tariff on China the same day.

U.S.: Trump Says Tariffs on Canada, Mexico To Go Into Effect March 4

Assessments

Saudi Arabia

South Korea

Ukraine

India

Canadian flags are seen outside a building in Ottawa. 

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Canada's Ruling Liberals Pick a New Leader, India and the EU Hold Trade Talks 

Israel

Palestinian Territories

A truck drives toward the Canada-U.S. border crossing in Blackpool, Canada, on Feb. 2, 2025.

Israel-Hamas Conflict

Military & Security

Russia-Ukraine Conflict

The Weekly Rundown: An EU Summit on Ukraine, U.S. Tariffs on Mexico, Canada and China

Shipping containers are seen at the Port of Montreal in Montreal, Canada, on Feb. 3, 2025. 

Global Trade

Sustained U.S. tariffs on Canada and Mexico would undermine North American economic growth and integration, and Trump's apparent willingness to accept these costs raises the risk of his other large tariff proposals being implemented.

The High Stakes of U.S. Tariffs on North American Trade

Democratic Republic of the Congo

Rwanda

United Kingdom

Trucks wait to enter United States on Nov. 26, 2024, at the Otay crossing port in Tijuana, Baja California state, Mexico.

The Weekly Rundown: Trump's Tariffs, Congo Braces for More Fighting in the East

Costa Rica

Dominican Republic

El Salvador

Guatemala

Panama

Lebanon

Hungary

Russia

U.S. Secretary of State Marco Rubio and his wife Jeanette Rubio arrive at the State Department in Washington, D.C., to speak to employees on Jan. 21, 2025. 

The Weekly Rundown: Israel-Lebanon Ceasefire Expires, Rubio Tours Latin America

U.S. President Donald Trump holds up an executive order after signing it during an indoor inauguration parade at the Capital One Arena in Washington, D.C, on Jan. 20, 2025.

Energy

Environment, Science & Technology

Science & Technology

While some will face legal challenges, Trump's initial orders on immigration, trade, energy and climate issues lay the groundwork for his ambitious agenda.

What To Make of Trump's Day 1 Executive Orders

Angola

Cote d'Ivoire

Ghana

Kenya

Nigeria

Argentina

Brazil

Ecuador

Algeria

Iran

Iraq

Jordan

Kuwait

Qatar

Syria

Tunisia

Turkey

United Arab Emirates

Yemen

Taiwan

Belarus

Pakistan

World map on a dark digital background representing global communication and global finances.

Cyber

RANE's Top 10 Risks for 2025 highlights high-impact, low-probability risks and trends from the annual forecast presented in more extreme terms.

RANE's Top 10 Risks for 2025

Snapshots

Canada's Prime Minister Justin Trudeau attends a news conference on March 7, 2019 in Ottawa, Canada. 

Canadian Prime Minister Justin Trudeau’s resignation aims to revitalize the Liberal Party but is unlikely to prevent a Conservative electoral victory amid his declining popularity and party turmoil.

Canada's Trudeau Bows Out, Paving Way for Early Election

NYSE workers during morning trading Nov. 26 in New York. Incoming U.S. President Donald Trump is unlikely to place large tariffs on Canada and Mexico immediately upon taking office, but the mere threat to do so will likely chill investment in North America amid growing uncertainty about U.S. trade policy.

Though tariffs are unlikely, threats alone will likely chill investment amid growing uncertainty about U.S. trade policy.

Trump's Tariff Threats Alone Likely to Chill North American Investment

Indian policemen stand guard outside the entrance of the High Commission of Canada in New Delhi on Oct. 15, 2024. 

The dispute over India's alleged covert activities on Canadian soil will raise the risk of restricted consular services and protests in both countries, but major economic disruptions are unlikely.

India and Canada's Diplomatic Rift Hits a New Low

The national Parliament in the Canadian capital of Ottawa.

Global Elections

The prospect alone of early elections will paralyze policymaking until the deadline for general elections next year.

Trudeau's Struggles Will Paralyze Policymaking in Canada Ahead of Elections

A Sikh protest on Sept. 22, 2023, in Amritsar, India. India may conduct further covert action in the West that disrupts diplomatic relations, but more consequential, longer-lasting ruptures between the two sides remain unlikely.

India may conduct further covert action in the West that disrupts diplomatic relations, but more consequential, longer-lasting ruptures between the two sides remain unlikely.

How Indian Covert Action in the West Would Affect Ties

Located on the North American continent, Canada is the world’s second-largest country. Most of Canada is uninhabited wilderness, and Arctic temperatures make the northern territories inhospitable to large population centers.     Canada became independent from the United Kingdom in 1867. The country is made up of 10 provinces and three territories. A majority of Canada’s 35 million people reside within 100 kilometers of the U.S. border, where the climate and topography support meaningful populations. However this population is spread across a distance of roughly 7,000 kilometers, from the Atlantic to the Pacific oceans. Canada's primary geographic challenge is maintaining unity across its diverse population cores, which include Toronto and Montreal in the Great Lakes watershed; the prairie provinces of Manitoba, Saskatchewan and Alberta; and Vancouver on the Pacific coast.     The economies of these population cores are geared toward external trade as they try to meet demand for their services, manufactured goods and natural resources like oil. Heavy crude oil found largely in the province of Alberta is exported to U.S. and international markets, making Canada the world’s sixth-largest oil producer. Distance and climate are perennial challenges for Canada. The Trans-Canada Railway was Ottawa’s first effort, completed in 1886, to link Montreal, Toronto, the prairies and Vancouver. Redistribution payments, collected from resource-rich provinces and disbursed to resource-poor provinces and territories, is a contemporary policy aimed to unify and equalize provincial and territorial finances.     Because of its location, Canada is well within the U.S. sphere of influence and the country's freedom to act is constrained by U.S. interests.

North America Unrivaled

A Crude Recovery

SITUATION REPORTS

China, Canada: Beijing's New Tariffs Meant To Deter Ottawa From Trade War

Canada: Mark Carney Wins Canada's Liberal Party's Leadership Election in a Landslide

U.S.: Trump Signs Order Pausing Tariffs on Some Canadian and Mexican Goods

U.S.: U.S. Tariffs on Mexican, Canadian Cars To Pause for One Month

U.S., Canada: Trump Threatens To Add More Tariffs in Response to Canadian Retaliatory Tariffs

U.S., Canada, Mexico: Canada Imposes Retaliatory Tariffs on U.S. Goods While Mexico Waits

U.S., Canada: Trump Orders Investigation Into Softwood Lumber Imports as 25% Tariffs Loom

U.S.: Trump Says Tariffs on Canada, Mexico To Go Into Effect March 4

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