TradeNotableConfirmedDeveloping
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Ecuador and Canada Sign Free Trade Agreement
ExpresoLO·EC · CA·1 day ago
The Ecuadorian exporters' association reports that over half of non-oil exports to the U.S. remain shielded from a new USTR tariff surcharge scheme. The impact on the remaining 46% of trade volume remains uncertain as specific product categories affected by the surcharge have not been fully detailed.
Large-scale wildfires are actively spreading across France and Spain, particularly threatening Bordeaux and Madrid, leading to mass evacuations and significant atmospheric impact. Concurrently, global markets are exhibiting increased volatility, with the VIX rising and the Japanese Yen reaching a 40-year low. The full extent of property damage and the long-term economic impact of both situations remain unclear.