Canada

United States

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Politics

Canadian Prime Minister Mark Carney announced that the country would drop its retaliatory tariffs on U.S. goods that comply with the U.S.-Mexico-Canada Agreement (USMCA) rules of origin requirements, CTV News reported on Aug. 22, a day after Carney spoke with U.S. President Donald Trump. 

Canada, U.S.: Canada Scraps Retaliatory Tariffs on USMCA-Compliant Goods

U.S. President Donald Trump issued an executive order on July 31 raising tariffs on Canadian goods to 35% from 25%, with tariffs taking effect Aug. 1, according to a White House fact sheet published on July 31.

U.S., Canada: U.S. Raises Tariffs on Canadian Goods to 35%

Australia

China

Fiji

Indonesia

Japan

Malaysia

New Zealand

Papua New Guinea

Philippines

Singapore

South Korea

Thailand

Tonga

Vietnam

Germany

France

United Kingdom

Norway

Netherlands

India

Military & Security

Australia launched U.S.-made High Mobility Artillery Rocket Systems as part of the 2025 Exercise Talisman Sabre, the largest iteration of the biennial multinational drills to date, AP reported on July 14.

Australia: HIMARS Fired Amid Largest-Ever Military Drills

Global Trade

In a letter published on Truth Social on July 10, U.S. President Donald Trump threatened to increase tariffs on Canada to 35%.

U.S., Canada: Trump Threatens New 35% Tariff on Canadian Goods 

The Philippines announced its visiting forces agreement with Canada is ready for signing, Bloomberg reported on July 9.

Philippines, Canada: Troop Pact Nears as Manila Builds Deterrence Against China

Canada will not collect its digital services tax on June 30 and will introduce legislation to formally rescind the Digital Services Tax Act to advance trade talks with the United States, Canada's Department of Finance said in a June 29 press release.

U.S., Canada: Canada To Rescind Digital Services Tax After U.S. Calls Off Trade Talks

U.S. President Donald Trump said in a June 27 Truth Social post that the United States would immediately terminate all trade talks with Canada and impose new tariffs on Canadian goods within the next seven days due to Canada's digital services tax going into effect. 

U.S., Canada: Trump Says Trade Talks With Canada Will End Over Digital Services Tax

Canada approved a landmark law to implement the Free Trade and Labour Mobility in Canada Act and the Building Canada Act, The National Post reported June 26.

Canada: Landmark Legislation Passes to Narrow Intraprovincial Barriers and Speed Up Major Projects

Assessments

Argentina

Bolivia

Brazil

Paraguay

Uruguay

Venezuela

Lebanon

United Arab Emirates

Europe

The Geopolitics of Trade

Mercosur is increasingly opening its markets in pursuit of free trade agreements with partners around the world, particularly as U.S. protectionism shifts global trade dynamics.

The Geopolitics of Trade: What Changing Trade Dynamics Mean for Mercosur

Mexico

Cambodia

Taiwan

A Cambodian soldier stands on a truck with a rocket launcher in Cambodia's Oddar Meanchey province, which borders Thailand, on July 25, 2025. 

U.S.-China Relations

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

The Weekly Rundown: U.S. Tariff Deadline Passes, Thai-Cambodian Border Tensions Persist

A worker positions a robotic underwater vehicle that can be remotely operated to harvest mineral deposits in the deep ocean, after conducting tests in a lake in Collingwood, Ontario, on May 1, 2025.

Environment, Science & Technology

Science & Technology

Recent U.S. actions will likely accelerate commercial seabed mining operations in certain resource-rich waters around the world, despite international regulatory hurdles and ongoing environmental concerns.

Deep-Sea Mining: Opportunities, Risks and the Path to Commercial Extraction

Australian Defense Minister Richard Marles and British Defense Secretary John Healey sit together for the AUKUS Defense Ministers Meeting at Old Royal Naval College on Sept. 26, 2024, in London, England.

Despite growing U.S. skepticism, strong imperatives to counter China's maritime presence will likely lead Washington to see a revised version of the AUKUS defense pact through.

U.S. Review of AUKUS Pillar I Puts Pact on Shaky Ground

Sub-Saharan Africa

Iran

Israel

Italy

Rescue teams work at damaged buildings in Nobonyad Square following Israeli airstrikes on June 13, 2025, in Tehran, Iran. 

Russia-Ukraine Conflict

The Weekly Rundown: G7 Leaders' Summit, More Israeli Attacks on Iran

Ukraine

An image shows a row of flags from the G7 members.

The June 15-17 summit will provide an opportunity for the bloc to discuss trade tensions and the war in Ukraine, but the meeting is more likely to expose transatlantic divisions over Trump's tariffs and reluctance to pressure Russia.

What To Expect From the First G7 Summit Following Trump's Return to the White House

Snapshots

A U.S. courthouse facade with columns in lower Manhattan, New York.

The court ruling nullifies most -- though not all -- of the Trump administration's tariffs, giving U.S. trading partners temporary breathing room in negotiations while the White House searches for alternative trade measures.

The White House's Tariff Ambitions Bend -- But Do Not Break -- Under the Weight of a Court Ruling

Canadian Prime Minister and Liberal Party leader Mark Carney speaks to his supporters in Ottawa, Canada, on April 29, 2025, after winning the country’s early general elections. 

Global Elections

Canada's newly elected Liberal government, led by Prime Minister Mark Carney, is poised to tackle an economic slowdown with tax cuts, domestic industry protection, and closer ties to Europe despite falling just short of a parliamentary majority.

Liberals Win Canada Election, but Minority Government Will Complicate Legislation

Pakistan

Indian soldiers stand guard atop their vehicle in Srinagar, India, on April 23, 2025, following a deadly militant attack on tourists in Indian-administered Kashmir.

U.S.-Iran Relations

The Weekly Rundown: Escalating Pakistan-India Tensions, Canadian Elections and Pope Francis' Funeral

Media

Russia

Forecast Webcast

Join our analysts for this webcast recording exploring key topics identified in RANE's 2025 Second-Quarter Forecast.

2025 Second-Quarter Forecast Webcast

U.S. President Donald Trump delivers remarks on reciprocal tariffs as U.S. Secretary of Commerce Howard Lutnick holds a chart during an event in the Rose Garden entitled ''Make America Wealthy Again'' at the White House in Washington, D.C., on April 2, 2025. 

Trump's sweeping new tariffs will slow both U.S. and global economic growth, with lower-income Americans and emerging markets like Vietnam being hit hardest.

The U.S. Launches the Largest Trade War in Modern History

A "Canada First" rally addressed by Conservative Party Leader Pierre Poilievre on Feb. 15 the at the Rogers Center in Ottawa, Canada.

The Liberal Party will most likely win enough seats to form a government -- a stunning turnaround since former Prime Minister Justin Trudeau's Jan. 6 resignation.

Canada's Election: Potential Outcomes and Their Implications

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

Canada, U.S.: Canada Scraps Retaliatory Tariffs on USMCA-Compliant Goods

U.S., Canada: U.S. Raises Tariffs on Canadian Goods to 35%

Australia: HIMARS Fired Amid Largest-Ever Military Drills

U.S., Canada: Trump Threatens New 35% Tariff on Canadian Goods

Philippines, Canada: Troop Pact Nears as Manila Builds Deterrence Against China

U.S., Canada: Canada To Rescind Digital Services Tax After U.S. Calls Off Trade Talks

U.S., Canada: Trump Says Trade Talks With Canada Will End Over Digital Services Tax

Canada: Landmark Legislation Passes to Narrow Intraprovincial Barriers and Speed Up Major Projects

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