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Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S. President Donald Trump saying he'll raise taxes on many imported goods from Canada to 35%. Trump's move deepens a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. Trump's letter Thursday to Carney  is an aggressive increase to the top 25% tariff rates the Republican president first imposed in March after months of threats. Carney says through the current trade negotiations with the U.S., Canada has defended its workers and business. Stock market futures are down Friday, a sign Trump����ֱ���s tariff letters may be concerning investors.

Brazilian President Luiz Inácio Lula da Silva says he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50%. Lula����ֱ���s comments raise the risk of a tariffs war erupting between the two countries, similar to what has happened between the U.S. and China. Trump has vowed to respond forcefully if countries seek to punish the U.S. The letter that Trump sent to Brazil on Wednesday railing against the ����ֱ���witch hunt����ֱ��� trial against former President Jair Bolsonaro opened up a new front in his trade wars.

Republicans in Congress have advanced a bill cutting clean energy tax credits, and the industry is bracing for the impacts. The legislation targets incentives like the 30% residential solar tax credit extended by the Inflation Reduction Act. Business leaders and analysts warn the cuts will reverse growth and lead to job losses. A North Carolina solar company CEO says the changes could force him to lay off over 50 employees. The bill also phases out credits for utility-scale solar and wind projects but spares some commercial initiatives temporarily.

The Republican-controlled Senate has advanced President Donald Trump����ֱ���s package of tax breaks, spending cuts and increased deportation money, but there's more weekend work ahead as Congress races to meet his Fourth of July deadline for passage. By a 51-49 tally and with Vice President JD Vance at the Capitol to break a potential tie, the Senate cleared a key procedural step Saturday as midnight approached. Voting had come to a standstill, dragging for more than three hours, with holdout senators huddling for negotiations and taking private meetings off the Senate floor. The Senate's top Democrat has forced a full reading of 940-page bill. That began late Saturday and has continued into Sunday morning.

President Donald Trump says he����ֱ���s suspending trade talks with Canada over its plans to continue with its tax on technology firms. Trump said Friday that Canada had informed the U.S. it was sticking to its plan to impose the tax set to take effect Monday. The Republican president calls it an "egregious Tax." Canada����ֱ���s digital services tax applies to businesses that engage with online users in Canada. The digital services tax will hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. Canadian Prime Minister Mark Carney says his country will ����ֱ���continue to conduct these complex negotiations in the best interests of Canadians."