Canada-China trade tension
A threatened 100% tariff on Canadian imports escalated the dispute following Canada's recent trade agreement with China.
Jan 24, 2026 · QQQ/SPY Market Review · 4 headlines
U.S. markets were closed, so QQQ and SPY remained at Friday's closing levels. Saturday's news included a threatened 100% tariff on Canadian imports tied to Canada's China trade agreement, conflicting signals over Tesla's China FSD approval timeline, a 25-year Libyan oil deal intended to add as much as 850,000 barrels per day of capacity, and a confirmed U.S. maritime strike in the eastern Pacific.
Published
A threatened 100% tariff on Canadian imports escalated the dispute following Canada's recent trade agreement with China.
Libya signed a long-term oil agreement aimed at expanding production capacity, while the U.S. confirmed a deadly strike on a suspected drug-trafficking vessel.
Musk said China could approve FSD soon, while Chinese sources indicated that clearance was not expected in the near term.
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