FT News Briefing The Trump bump on Canadian politics
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Mar 6, 2025 US President Donald Trump's recent tariff relief for carmakers has stirred Canadian politics as the Liberal Party braces for a crucial leadership vote. The surge in German borrowing costs marks a historic moment in finance as key billionaires swiftly strike multibillion-dollar port deals influenced by Trump's strong economic rhetoric. The landscape is shifting, with new Liberal contenders emerging, aiming to navigate the complex relationship with the U.S. and the impacts of current economic policies on Canada's future.
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Tariff Reprieve
- US carmakers got a one-month reprieve from tariffs on imports from Canada and Mexico.
- This follows a market drop after the initial 25% tariffs were announced.
BlackRock's Canal Acquisition
- BlackRock bought ports around the Panama Canal after Trump's comments about taking control of the canal.
- The deal involves a Hong Kong mogul and raises questions about US influence.
German Borrowing Costs Surge
- German borrowing costs surged due to a historic debt deal.
- Investors are betting on growth as Germany plans to increase defense spending amidst Trump's military support threats.