Canada’s economy experienced its first contraction in almost two years, driven by a trade war with the US, which significantly impacted exports and business investment. The country’s gross domestic product decreased at a 1.6% annualized rate during the second quarter, marking the largest decline since the COVID-19 pandemic. This data was released by Statistics Canada from Ottawa. The downturn underscores the economic vulnerability caused by strained international trade relations.
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China says it will remove all tariffs on African exports to boost trade, and the first thing that springs to mind is the strategic game being played. It’s a move that seems designed to position China as a central economic powerhouse. This kind of long-term thinking, focused on building influence, is a stark contrast to what we sometimes see elsewhere. This allows China to build relationships and create dependencies through favorable trade terms.
What does this mean in practice? Well, China is essentially importing raw materials from Africa. Considering all the resources like oil, minerals, and agricultural products, this move makes Chinese products cheaper by lowering the cost of their inputs.… Continue reading
John Q. Hosedrinker 
Matt Underwood