US trade and tariff talks with the European Union and Canada are in focus to start the week as President Trump attends the G7 summit in Canada. A report in the German newspaper Handelsblatt on Monday hinted the EU could agree to a baseline 10% US tariff on all European Union exports,

U.S. President Donald Trump sounds keen to cut a trade deal with Canada, based on his remarks during a high-stakes bilateral meeting with Prime Minister Mark Carney at the G7 leaders summit. "We've developed a very good relationship,