2026-07-21
11 分钟Good morning from the Financial Times.
Today is Tuesday, July 21st, and this is your FT News Briefing.
Trump is threatening to slap huge tariffs on Canada,
and we'll take a look at what's at the top of the list for the UK's next chancellor.
Plus, the London Stock Exchange is adding a night shift.
I'm Mark Filippino, and here's the news you need to start your day.
U.S.
President Donald Trump said Monday he'll hit Canada with new 50% tariffs.
The levies will go into effect in 30 days.
Senior trade officials say they're in response to, quote, unfair trade practices.
The new tariffs threaten to reignite a trade war the U.S.
President started last year with his so-called Liberation Day tariffs.
Earlier this year, the U.S.
Supreme Court struck down those blanket fees,
but the administration plans to use a different legal justification for Canadian imports.
Canada is the U.S.'s second biggest trading partner after Mexico.
The three countries recently failed to renew the U.S.-Mexico-Canada trade agreement known as the USMCA.
The new duties will contain exemptions for energy, potash, critical minerals, fish,
and other products, but they will include other goods covered under the USMCA.
Andy Burnham laid out a 10-year plan after he was sworn in as prime minister yesterday.