In Kerr County, Trump was greeted by Gov. Greg Abbott, who on Friday announced the federal government updated Trump's disaster declaration to include more counties. Abbott said the move "will provide critical assistance to Texans and communities impacted by the devastating flooding."

America’s biggest trading partners have tried tactics ranging from appeasement to retaliation to avoid higher tariffs. All find themselves faced with similar threats from Washington.

Amid escalating trade hostilities from Trump’s high‑tariff agenda, Canada is forging a bold new path. Industry Minister Mélanie Joly announced Ottawa’s plan to defend jobs and supply chains by intensifying economic diplomacy and forging trade ties beyond the U.

Canada faces another set of tariffs in its ongoing trade talks with the U.S. However, in this latest round of tariff announcements, investors have learned to largely tune them out as negotiating bluster rather than policy commitments.

Gold prices rose for a third straight session on Friday, as U.S. President Donald Trump's announcement of new tariffs on Canada and broader tariff threats against other trading partners lifted demand for the safe-haven asset.

The US's second-largest trading partner may be bearing the brunt of President Donald Trump's tariffs. A new report by The Budget Lab at Yale University shows that the Trump administration's tariffs would shrink Canada's long-run economy by 2.