The trade war between the two sides has escalated further, disrupting North American supply chains, with the U.S. threatening to impose a 50% tariff on Canadian automobiles.
The shipping market faces its "greatest disruption" as multiple nations actively plan alternative routes and freight rates surge across key global shipping lanes.
Driven by high temperatures, drought, and strong winds, wildfires continue to rage across multiple areas in France and Spain, forcing hundreds of thousands of people to evacuate their homes.