Good Morning!
Welcome to this week’s edition of Grinfi Political Risk Edge, your trusted source for expert political risk analysis and strategic intelligence.
Now, on a lighter note, let’s start the week with a laugh 😄 to brighten the mood. Remember, a little humor never hurts before moving on to the serious stuff.
High Impact Situational Updates
From Grinfi Political Risk Observatory (GPRO), here are the key issues that are expected to shape political risk this week.
"We have recognized from the beginning that America has changed, and that we will not return to our old relationship... Our old relationship with the United States... is over... Hope isn't a plan and nostalgia is not a strategy."
Canadian Prime Minister Mark Carney, in a statement issued Friday night after trade talks collapsed.
Situation as of this morning: Canadians are waking up today to the reality that their country and the United States are, in effect, at war economically. A 50% U.S. tariff on roughly C$28 billion (about US$20 billion) of Canadian goods took hold over the weekend under Section 338 authority, after trade talks collapsed late Friday.
The new levies hit wine, dairy, cement, clothing and hockey equipment, among other goods, covering about 5% of Canadian exports to the U.S. Most Canadian goods normally cross the border duty free under USMCA, but the newly listed products will now be required to pay the