September 8, 2026
United States:
Canada Imposes Tariffs Up to 50% on US, Risking Wider Trade War
Canada imposed tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner.
Carney’s government increased the import tax on many US steel items to 50% from 25%, and applied tariffs to a range of consumer goods — motorcycles, cosmetics, cheese and more — at 12:01 a.m. New York time.
Europe:
German Exports Unexpectedly Decline for First Time Since January
German exports unexpectedly dropped in July, snapping five months of gains and muting hopes for a quick recovery in Europe’s largest economy.
Shipments abroad dropped 0.8% from a month earlier, defying the median economist prediction of another increase. The decline was due to a retreat in exports to European Union countries, the nation’s statistics office said Tuesday.
Asia:
China Export Growth Rebounds as Trade Surplus Nears $806 Billion
China’s export growth accelerated in August, swelling its trade surplus near $806 billion for the year just as the US ramps up pressure on Beijing to address imbalances before the leaders of the world’s biggest economies meet in Washington.
Exports jumped 25% in August from a year earlier, slightly undershooting forecasts after an increase of nearly 24% in the previous month. Imports rose 28.2%, data released by China’s General Administration of Customs showed on Tuesday.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
