Trade

Canada ordered Hikvision Canada to cease operations within 120 days, citing national security concerns. Hikvision and China strongly condemned the move, calling it discriminatory and harmful to economic cooperation. This action reflects geopolitical tensions and the scrutiny faced by Chinese tech companies in Western markets regarding national security and data privacy, further complicating global trade.

The EU is preparing retaliatory measures in response to the Trump administration’s decision to double steel and aluminum tariffs. The EU Commission views this as detrimental to resolving trade disputes through negotiation and will implement countermeasures if necessary. Canada also faces potential economic strain due to disrupted supply chains and possible job losses. Despite a legal challenge within the US, the tariffs are moving forward, signaling escalating trade tensions.