September 29, 2026
United States:
US Import Ban on Canadian Alcohol, Motorcycles Takes Effect
A US import ban on a select number of Canadian products took effect at 12:01 a.m. Washington time, marking the latest escalation in the trade war between the two countries.
The Trump administration’s latest trade restrictions block imports of motorcycles, alcoholic beverages and whey products from Canada in response to retaliatory tariffs imposed by Prime Minister Mark Carney’s government on some US goods.
Europe:
Spanish Inflation Unexpectedly Hits 5%, Backing Higher Rates
Spanish inflation accelerated more than anticipated and further beyond the European Central Bank’s 2% target, reinforcing the case for interest rates to be lifted further.
Consumer prices jumped 5% in September, up from 4.6% in August, data Tuesday showed.
Asia:
China Expands Targeted Lending Support to Bolster Economy
China announced several steps to encourage banks to lend to targeted sectors including infrastructure and technology, in an attempt to juice growth after a monthslong slowdown in the economy.
The People’s Bank of China increased the quota for a relending program supporting technological innovation and equipment upgrades by 200 billion yuan ($28 billion), bringing the total to 1.4 trillion yuan, according to a statement Tuesday.
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