US importer sues Trump administration over 50% tariffs on Canadian goods

■ Steady

US importer sues over 50% tariffs on Canadian goods as Canada and EU deepen ties

On Friday a U.S. food distributor facing a $40M tariff bill sued the Trump administration, arguing the 50 per cent tariffs on Canadian goods are illegal. Ahead of Thursday's summit in Montreal, Canada and the EU said in a joint declaration that they will deepen ties but have dropped the proposal for associate EU membership. Separately, European gas topped €100 per megawatt hour, the highest since 2022, with EU storage only 72% full.

• The distributor says the 50 per cent tariffs threaten its business and Canadian suppliers.
• Prime Minister Mark Carney is seeking to reduce Canada's reliance on the US, despite warnings from Donald Trump; Canada also signed a trade deal with the UAE on Wednesday.
• Internal documents say Canada faces an EU carbon tariff threat within months as the bloc fully implements its Carbon Border Adjustment Mechanism.
• Seven tankers tracked by Greenpeace carry an estimated 288,000 tonnes of Russian diesel toward the US, and it is uncertain whether they can unload amid a row over the legality of the shipments.