According to Statistics Canada, “Among all businesses, 7 in 10 (70.0%) reported being either very optimistic or somewhat optimistic about their outlook over the next 12 months.”

Stanford Law Professor Alan Sykes joins Bloomberg Intelligence litigation analyst Holly Froum to discuss May 28 and 29 rulings by the US Court of International Trade and Federal District Court of Washington D.

Tariffs have long influenced global trade, shaping economies and industries in unexpected ways. While much attention is often given to manufacturing and goods, the service economy, particularly the travel industry, is equally affected. Changes in exchange rates, prices, and supply chain structures can profoundly influence travel demand and pricing.

Under the new terms, UK car exports to the US will face a reduced tariff of 10%, down sharply from the previous rate of 27.5%. The aerospace sector will enjoy even greater relief, with tariffs on British exports such as aircraft engines and parts eliminated entirely.

Minnesota saw a 6% export decline in 2025's first quarter. Officials blame the decline on uncertainty caused by President Donald Trump's tariffs.

President Trump kicked off three days of meetings in Canada, saying 'our primary focus will be trade,' but with minimal evidence of progress to offer on long-promised deals.

The leaders of Britain and the United States had announced a deal last month, but it had not been clear when their agreement would go into effect. Britain hailed the announcement as “a huge win.”

Trump's relationship with Canadian Prime Minister Mark Carney will be in the spotlight at the G7, after past conflict with his predecessor, Justin Trudeau.