Welcome to Markets Desk, here's what's moving your money right now.
Trump's next tariff escalation is hours away, with a new fifty percent import tax on Canadian goods potentially taking effect Wednesday. Lumber, liquor, and hockey equipment are all in the crosshairs, and markets are watching closely for retaliatory signals out of Ottawa that could ripple through supply chains on both sides of the border.
Turning to soft commodities, sugar is surging on global deficit fears, with London white sugar hitting a sixteen-month high Monday, up more than two percent. New York world sugar futures followed suit. Tightening supply from key producing regions is driving the move, and traders are pricing in further upside as the deficit outlook deepens heading into the back half of the year.
And in media, Paramount Skydance is playing hardball with the states and writers guilds attempting to block its Warner Bros. Discovery merger. CEO David Ellison is demanding challengers post a bond of nearly one point nine billion dollars to cover delay costs, signaling the company intends to push this deal through aggressively regardless of legal friction.
That's the tape. Markets Desk, signing off the floor.
