Global Egg Shortage and U.S. Egg Imports

The U.S. government is seeking egg exports from countries in Europe and elsewhere to alleviate a severe shortage caused by a bird flu outbreak, but faces challenges due to differing food safety regulations. European countries have limited surplus eggs due to their own outbreaks and domestic demand. The U.S. may receive powdered or processed eggs instead of shell eggs. Various countries, including Poland and Italy, were contacted for egg supplies. The U.S. has cut egg exports and is trying to boost domestic supplies. Prices are fluctuating, and discussions continue amidst trade tensions.

Chinese President Xi Jinping encourages global investment amid trade tensions with the U.S.

Chinese President Xi Jinping met with global executives to encourage investing in China amidst escalating trade tensions with the U.S. Xi emphasized fair opportunities for foreign businesses and the importance of upholding global order. The U.S. has raised tariffs on China and added Chinese tech companies to its export blacklist.

Trade Tensions between U.S. and EU over Alcohol Tariffs

U.S. President Donald Trump plans to impose a 200% tariff on alcohol from France and other European nations in response to the European Union reinstating a 50% tariff on American whiskey. This has led to escalating global trade tensions.

U.S. Tariffs on Australian Steel and Aluminum

Australian Prime Minister criticizes U.S. tariffs on steel and aluminum, but opts not to retaliate with tariffs of its own. U.S. President Trump did not exempt Australia from the tariffs, leading to a public spat between Trump and former Australian Prime Minister Malcolm Turnbull.

Hudson's Bay Enters Creditor Protection

Hudson's Bay, Canada's oldest retailer, has entered creditor protection due to struggles with debt compounded by the pandemic, inflation, and trade tensions with the U.S. The company faces challenges in making payments to landlords, suppliers, and employees.

Mark Carney Elected as Canada's Next Prime Minister

Mark Carney has been elected as the new leader of the Liberal Party in Canada and is set to become the next prime minister. He won in a landslide, replacing Prime Minister Justin Trudeau. Carney is known for his past roles as a central banker in Canada and the UK. His appointment comes at a crucial time as Canada deals with trade tensions with the US and faces an upcoming federal election.

China's National People's Congress 2025

China's annual major political event, the National People's Congress, is underway to endorse decisions by the Chinese Communist Party. Leaders aim to balance innovation and domestic consumption to reinvigorate the economy amidst trade tensions with the U.S. Focus is on economic growth, domestic demand, and supporting the private sector. Experts are looking for clues on the next 5-year plan (2026-2030) priorities. The event provides insights into government priorities and future policy direction.

US Postal Service's Decision on Incoming International Parcels from China and Hong Kong

The US Postal Service initially announced a suspension of incoming international parcels from China and Hong Kong but later decided to continue accepting them due to new tariffs and elimination of the de minimis exemption. The suspension threatened the business models of e-commerce giants like Shein and Temu. China retaliated against Trump's tariffs with economic measures. Trump indicated no rush to speak with Chinese leader Xi Jinping amidst growing trade tensions.

Impact of President Trump's Tariffs on China

Kevin O'Leary from Shark Tank believes that President Trump's plan to implement 10% tariffs on China is not enough to pressure them due to China's history of not abiding by rules and laws, especially regarding intellectual property. O'Leary suggests that the situation with China is much more complex and may require more than just a 30-day pause on tariffs.

White House executive order to eliminate Education Department and U.S.-China trade tensions

White House prepares executive order to eliminate the Education Department, leading to concerns over worsening U.S.-China relations with additional tariffs and export restrictions.

President Trump suggests Canada become the 51st state to avoid tariffs

President Trump suggests Canada become the 51st state to avoid tariffs, triggering backlash from Canadian officials.

EU Imposes Higher Tariffs on Chinese Electric Vehicle Imports

The European Union is imposing higher tariffs on Chinese electric vehicle imports due to unfair subsidies, which could harm the EU's own EV producers. This decision has sparked debate among EU countries and could lead to a wider trade war.

State Visit of President Joe Biden by French President Emmanuel Macron

President Joe Biden is being feted by French President Emmanuel Macron with a state visit, focusing on global security issues and partnership. They also aim to move past trade tensions and support Ukraine's fight against Russia's invasion.