Good evening, you're tuned into Markets Desk.
Canada's retaliatory tariffs are now live, with Ottawa doubling duties on American steel and aluminum to fifty percent, covering twenty-seven point six billion dollars in U.S. goods. The move marks a sharp escalation in the bilateral trade rift, and with no sign of de-escalation from Washington, the pressure on North American supply chains is real and immediate.
Turning to aviation, Archer Aviation is claiming a meaningful regulatory milestone, becoming the first electric vertical takeoff and landing company to close Phase Three of the FAA's type-certification process. That puts them in the final stretch, and the prediction now circulating is a fare-paying U.S. passenger flight before twenty twenty-eight — a timeline that would reshape how investors price the entire eVTOL sector.
And on the emerging markets side, Jumia Technologies posted nearly sixteen percent gains last month, driven by double-digit growth across key operational and financial metrics. For a company that has faced persistent skepticism about its path to profitability in African e-commerce, those numbers represent exactly the kind of momentum institutional money watches before rotating in.
That's the tape. Markets Desk, signing off the floor.
