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Confusion hangs over various details of a trade deal struck between the U.S. and Japan, sparking concern in Japan over its enforcement, particularly regarding cars.

President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

Canadian Prime Minister Mark Carney said he wants to maximize the impacts of retaliatory tariffs on the U.S. but minimize the pain for Canadian businesses.

Prime Minister Mark Carney said Aug. 5 the guarantees will ensure forestry companies of all sizes can maintain and restructure their operations.

Trump last week announced that exports of Swiss goods to the U.S. will face a 39% tariff starting Aug. 7.

Caterpillar — seen as a bellwether of the health of the global economy — saw total sales slip in both construction and resource industries.

Copper rose as traders digested President Donald Trump’s decision to spare the most traded form of the metal from his 50% tariff, while a mine accident in Chile raised supply concerns. 

Trump last week announced a 25% rate on Indian exports. He also threatened more duties if India continued to buy oil from Russia.

Under the terms agreed with Washington, the 27-nation bloc faces a 15% U.S. tariff on most of its exports. That rate would also apply to cars rather than the current 25% level.

Farmers will soon start feeling the impact from President Donald Trump’s tariffs in the form of higher prices for the machines used to plant, treat and harvest fields.