According to The Kobeissi Letter, President Trump has characterized his recent call with Canadian Prime Minister Justin Trudeau regarding tariffs as ending in a 'somewhat' friendly manner. This statement suggests ongoing negotiations or discussions between the U.S. and Canada on trade tariffs, which could have implications for trade-related sectors and markets.

According to The Kobeissi Letter, President Trump has released a statement regarding his call with Canadian Prime Minister Justin Trudeau about tariffs. Trump characterized the conversation as ending in a 'somewhat' friendly manner, indicating potential progress but also possible unresolved issues in trade negotiations.

According to @KobeissiLetter, the United States relies significantly less on trade compared to its allies, with trade impacting less than 30% of its GDP. In contrast, trade accounts for approximately 85% of Germany's GDP and 65% of the UK's GDP. This lower reliance on trade provides the US with a strategic advantage in trade negotiations and economic resilience.

According to The Kobeissi Letter, the initial announcement of the US-Mexico trade deal led to a significant drop in 2-year inflation breakevens, and a similar market reaction is expected with future deals involving Mexico, Canada, or the EU. They assert that the current tariffs are not intended to be long-term, emphasizing the need for traders to monitor upcoming trade negotiations closely.