Brian Platt

(Bloomberg) -- President Donald Trump said he was directing officials to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, hours after a report showed US job growth cooling sharply over the last three months.

Fact Sheet: President Donald J. Trump Amends Duties to Address the Flow of Illicit Drugs Across our Northern Border ADDRESSING A NATIONAL EMERGENCY: Today, President Donald J. Trump signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the

Trump signs executive order increasing tariffs on Canada to 35% from 25%

This White House summary says: "Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States"

Confirms USMCA goods are exempt

Trump was just asked about Canada. Said he doesn't like Carney's announcement on Palestine but "it's not a dealbreaker." Appeared to say Carney has requested a call but they haven't spoken yet. Then recycled a number of complaints about Canada (military spending, dairy, etc)

After speaking with Sheinbaum this morning, Trump holds off on tariff hikes on Mexico for 90 days. No word yet on whether Carney and Trump are speaking today.

A big day for Canada as the trade deadline looms and negotiations continue for some badly needed relief. Failed talks would cause months of uncertainty into the fall. I'll be following developments closely as the Blue Jays try to acquire bullpen help.

(Bloomberg) -- US President Donald Trump and Mexican President Claudia Sheinbaum are set to hold a call on Thursday morning to discuss proposals from Mexico to stave off 30% tariffs from taking effect on Aug. 1

Also: last month Trump demanded Canada scrap the DST in order to continue trade talks. Canada did so. Now Trump says he's not focused on negotiating with Canada and there may be no deal at all

I should add that the biggest source of pressure to get a deal done came from Carney himself, who announced a 30-day deadline at the G7...a deadline which came and went without any sign that Trump seriously engaged with it

Important to remember here: Trump has a massive carveout in place for trade covered by the USMCA, which does put less pressure on talks with Canada. For now it's US tariffs on steel, aluminum, autos that Canada needs a deal on.

Trump just now: "We haven't really had a lot of luck with Canada. I think Canada could be one where they'll just pay tariff, not really a negotiation...We don't have a deal with Canada, we haven't been focused on it"

Our update on this, reported by intrepid colleague Josh Wingrove

Bloomberg is reporting that Trump plans to *keep* the USMCA exemption in place, even on this new 35%. So that dampens the effect substantially. Alert just sent:

*TRUMP SET TO KEEP TARIFF EXEMPTION FOR USMCA GOODS: US OFFICIAL

Trump’s letter promising to impose 35% tariffs on imported Canadian goods starting Aug 1

(Bloomberg) -- President Donald Trump says the US will impose a tariff of 35% on Canadian products starting August 1, in a letter posted to Truth Social.

Folks, the Jays are officially a fun team to watch again

Alberta Premier Expects New Oil Pipeline Proposal Within Weeks Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the British Columbia coast within weeks in a bid to become one of the first entrants on the Canadian gover...

(Bloomberg) -- Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the B.C. coast within weeks in a bid to become one of the first entrants on the Canadian government’s list of nationally important projects.

www.bloomberg.com/news/article...

EU and Canada Prepare to Sign Security Pact Ahead of NATO Summit The European Union and Canada are expected to sign a security and defense partnership on Monday at a summit that will kick off a range of discussions about how they can work closer together.

(Bloomberg) -- The European Union and Canada are expected to sign a security and defense partnership on Monday at a summit that will kick off a range of discussions about how they can work closer together.

www.bloomberg.com/news/article...

Here are the details of Canada’s package to support steel/aluminum sector. Includes pledge to align Canada’s counter-tariffs with US levels on July 21, and to bring in anti-dumping tariffs on countries Canada doesn’t have a free trade deal with

US Officials Prepare for Strike on Iran in the Coming Days Senior US officials are preparing for the possibility of a strike on Iran in the coming days, according to people familiar with the matter, a sign that Washington is assembling the infrastructure to directly enter a conflict with Tehran.

Senior US officials are preparing for the possibility of a strike on Iran in the coming days, according to people familiar with the matter, a sign that Washington is assembling the infrastructure to directly enter a conflict with Tehran.

Trudeau Accuses Indian Diplomats of Links to Criminal Violence Prime Minister Justin Trudeau accused Indian diplomats of backing a pattern of criminal harassment and violence against Canadians, escalating a dispute that began last year when he suggested Indian ag...

Canada and India kicked each others' top diplomats out of their countries last October, after Trudeau and police officials publicly accused the Indian government of supporting violence against Canada’s South Asian community, particularly Sikhs www.bloomberg.com/news/article...

Canada and India will be placing high commissioners in each other's countries again, "with a view to returning to regular services to citizens and businesses," says a readout from Carney's office after he met with Modi at the G7 summit today.

Here is the full G-7 statement on the Middle East

Sounds like G-7 has agreed to a statement on the Middle East, despite earlier US opposition to a draft statement on Israel-Iran. Should be coming soon

Among other things, this means Trump won’t be meeting with Zelenskyy, Sheinbaum and Modi tomorrow

Leavitt then said Trump is leaving for Washington specifically “because of what’s going on in the Middle East”

(Bloomberg) -- President Donald Trump is cutting short his visit to the Group of Seven leaders’ summit, according to the White House, and returning to Washington.

“President Trump will return to Washington tonight so he can attend to many important matters,” said Karoline Leavitt

In their meeting today, Carney and Trump agreed to aim for a deal on tariffs within 30 days, according to the Canadian summary of the discussion. Canada's position is that all of Trump's new tariffs on Canadian imports should be lifted as part of a deal.

Live: Updates From G-7 Summit Live News as Trump Attends G7 Summit in Canada

All the latest G7 news is on our liveblog here: www.bloomberg.com/news/live-bl...

US Refuses to Back G-7 Push Urging Iran, Israel to De-Escalate The US is refusing to back a proposed Group of Seven statement urging Israel and Iran to de-escalate their conflict, people familiar with the matter said, underscoring divisions between the Trump admi...

The latest from Bloomberg colleagues on G7 statements:

The US is so far refusing to back one on Iran/Israel: www.bloomberg.com/news/article...

And here's what in the joint statement on critical minerals: www.bloomberg.com/news/article...

Trump Says Trade Deal With Canada ‘Achievable’ as G-7 Opens President Donald Trump expressed optimism about settling a trade dispute with Canada during his time at the Group of Seven summit, calling a deal in the coming weeks between the US and its northern ne...

(Bloomberg) -- President Donald Trump expressed optimism about settling a trade dispute with Canada during his time at the Group of Seven summit, calling a deal in the coming weeks between the US and its northern neighbor “achievable.”

www.bloomberg.com/news/article...