Carney, Meeting Trump, Says Canada Isn't for Sale 
 

President Trump repeated his suggestion that Canada become the 51st state in an otherwise collegial White House meeting with Prime Minister Mark Carney.

 
Dow Drops As Corporate Warnings About Tariffs Mount 
 

Stocks declined, a day after the Dow industrials and the S&P 500 both snapped nine-day winning streaks, as market jitters over trade returned.

 
As U.S. Turns Its Back on Free Trade, Other Countries Double Down 
 

Faced with U.S. barriers, countries like the U.K. and India move to ease trade among themselves.

 
U.S. Trade Deficit Hits Record as Companies Front-Load Pharmaceuticals 
 

The deficit ballooned to $140.5 billion in March, as businesses stockpiled goods to get ahead of tariffs imposed the following month.

 
Who Pays For Tariffs? 'It's a Very Complicated Question,' Treasury Secretary Scott Bessent Says. 
 

At one point, Rep. Mark Pocan (D., Wisc.) tried unsuccessfully to get Bessent to answer the question: "Who pays tariffs?"

 
EU Lays Out Plan to Cut Russian Energy Imports by 2027 
 

As part of its plan, the EU executive arm in June will propose a ban on all imports of Russian gas-both pipeline and LNG-under new and existing spot contracts. The measure would take effect by year-end.

 
U.S. Could Collect More Than $100 Billion With Broader Tariffs, EU Trade Official Says 
 

American officials are looking into potential tariffs for several sectors, citing national security, including on imports of copper and lumber as well as pharmaceuticals.

 
Canada Trade Deficit Narrowed in March 
 

A drop in exports to the U.S. was largely offset by a jump in exports to the rest of the world.

 
Fed Confronts Lose-Lose Scenario Amid Haphazard Tariff Rollout 
 

The central bank is preparing for difficult judgments and emerging divisions regarding when to cut interest rates. Its two-day policy meeting is this week.

 
New Real-Estate Fund Hauls in Billions to Buy Distressed Properties 
 

Brookfield Asset Management raised $5.9 billion in the first quarter to lift the fund's total to $16 billion.

(END) Dow Jones Newswires

May 06, 2025 15:00 ET (19:00 GMT)

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