China's exports jump 36.3% in September on AI-driven demand

■ Steady

Trump walks back Bombardier ban threat as Canada trade talks stall

On Wednesday, reports said Trump had walked back a threat to ban Bombardier plane sales in the United States, following a tariff increase last month that escalated the trade war. On Tuesday, a new lawsuit argued the White House exceeded its authority in imposing the latest tariffs on Canada. Sources told CBC News that hope of a Canada-U.S. trade deal before the American midterm elections has faded, leaving the trade war set to continue for the foreseeable future.

• Trump backed down from a threat to ban Bombardier sales in the US.
• A lawsuit says the latest Canada tariffs exceeded White House authority and caused immediate harm to American businesses.
• CBC News sources say no Canada-U.S. deal is expected before the midterms.
• US Secretary of State Rubio visited India on Tuesday to meet business figures while Washington seeks a trade deal.