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President Donald Trump demands Canadian manufacturer Bombardier build products in the U.S. to maintain American market access

President Donald Trump stated on Monday that the Canadian aircraft manufacturer Bombardier must produce its products within the United States to continue selling in the American market. This demand comes as the U.S. and Canada engage in a trade war, with retaliatory tariffs on approximately $20 billion of U.S. goods scheduled to take take effect on Tuesday.

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Market activity reflects broader economic shifts. Oil prices rose for a third consecutive day, reaching six-week highs as tensions between the U.S. and Iran escalated over the weekend. The administration announced that the U.S. military struck three Iranian oil tankers on Saturday, following Iran's launch of a ballistic missile strike on two Navy warships. Global markets showed mixed results. While Dow Jones Industrial Average futures fell, the Nasdaq-100 futures rose slightly. In Asia, markets were generally lower, with Japan's Nikkei 255 falling. China's trade growth picked up in August, and exports grew 25% in U.S. dollar terms. However, China's imports missed economist expectations, indicating tepid domestic demand.

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