Trump’s return to office sparked a tit-for-tat trade war between Washington and Ottawa after he announced sweeping 25 per cent tariffs on Canadian goods. Those levies were later amended with carve-outs for goods covered by the USMCA trade deal, but new sectoral tariffs on steel and aluminium have hit Canada hard.

Japanese Prime Minister Shigeru Ishiba is planning to cancel his attendance at the North Atlantic Treaty Organisation (NATO) summit in the Hague, a source with direct knowledge said on Monday.