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Galaxy Digital, Inc. engages in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. It operates through the following segments: Digital Assets, Data Centers, and Treasury and Corporate. The digital assets segment offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The Data Centers segment competes with a range of infrastructure providers that are building or repurposing facilities to support the rapidly growing demand for AI and compute-intensive workloads. The Treasury and Corporate segment includes the company’s proprietary trading and mining activities, as well as the company’s principal investments and related gains and losses. The company was founded by Michael Novogratz in 2018 and is headquartered in New York, NY.

Galaxy Digital Inc. - Ordinary Shares - Class A

Galaxy Digital is facing intense scrutiny and bearish sentiment from investors concerned about a lack of clear communication regarding the company's Helios data center progress and perceived mismanagement. Despite interest from institutional research desks, the stock is currently struggling with high volatility and underperformance, leading many in the community to express frustration over the silence from leadership during recent market fluctuations.

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East, and Africa (EMEA), Greater China, Asia Pacific and Latin America (APLA), Global Brand Divisions, Converse, and Corporate. The North America, EMEA, Greater China, and APLA segments refer to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions segment represents its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment is composed of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip Hampson Knight on January 25, 1964 and is headquartered in Beaverton, OR.

Nike, Inc. - Ordinary Shares - Class B

Nike Inc

Nike is facing intense bearish sentiment and significant downward pressure following weak revenue guidance and concerns over slowing demand in China. While the stock has hit multi-year lows, the community is deeply divided between those viewing the steep sell-off as a generational buying opportunity for a legacy brand and those warning that fundamental issues like brand relevance, inventory challenges, and declining quality make it a value trap.

Regencell Bioscience Holdings Ltd. is a early-stage bioscience company that focuses on research, development and commercialization of Traditional Chinese Medicine for the treatment of neurocognitive disorders and degeneration, specifically Attention Deficit Hyperactivity Disorder and Autism Spectrum Disorder. The company was founded by Yat-Gai Au on October 30, 2014 and is headquartered in Hong Kong.

Regencell Bioscience Holdings Ltd

Regencell Bioscience is experiencing high volatility as investors track its history as a parabolic runner, leading to intense debate over whether it is primed for another short squeeze or remains a high-risk pump-and-dump scheme. Community discussion is heavily focused on the stock's low float, rising cost-to-borrow fees, and speculation regarding potential retail-driven "meme" momentum compared to its past price spikes.

Tema ETF Trust - Tema Space Innovators ETF

The Tema Space Innovators ETF (NASA) is gaining traction as a new, actively managed vehicle providing retail investors with exposure to the space economy, specifically through its allocation to SpaceX ahead of a highly anticipated IPO. Community members are actively debating the fund's growth potential and AUM size compared to similar products, with many using the ticker to gain exposure to space-sector tailwinds and upcoming lunar mission catalysts.

Strategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Tysons Corner, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

MicroStrategy is seeing heightened volatility and intense social media debate as investors react to the company's pause in Bitcoin accumulation and ongoing concerns regarding stock dilution. The community remains deeply polarized, with bulls pointing to the company's long-term Bitcoin treasury strategy while vocal critics argue that the reliance on equity offerings to fund operations creates an unsustainable path for shareholders.

Aurinia Pharmaceuticals, Inc. is a clinical stage bio-pharmaceutical company, which engages in the research, development, and commercialization of therapeutic drugs. The company was founded by Robert Foster, Richard Glickman, and Michael Martin on June 16, 1993 and is headquartered in Edmonton, Canada.

Aurinia Pharmaceuticals Inc

Aurinia Pharmaceuticals is trending following a surprise leadership overhaul that replaced CEO Peter Greenleaf with board chair Kevin Tang, a move widely interpreted by the community as a strategic catalyst for an accelerated company sale. Shareholders are actively debating whether Tangs decision to forgo compensation and his recent heavy accumulation of shares signals an imminent buyout or a shift toward aggressive value maximization.

Oric Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company, which engages in the development of cancer treatments that address mechanisms of therapeutic resistance. It specializes in hormone-dependent cancers, key tumor dependencies, and precision oncology. The company was founded by Charles L. Sawyers, Richard A. Heyman, and Scott Lowe in 2014 and is headquartered in South San Francisco, CA.

ORIC Pharmaceuticals Inc

ORIC Pharmaceuticals is surging following the announcement of a clinical development collaboration with Pfizer for its multiple myeloma candidate, alongside a private placement financing deal. The community is actively debating the stock's massive upside potential driven by this institutional endorsement and high short interest, while some traders caution against volatility as they watch for sustained volume to fuel a potential squeeze.

Penguin Solutions, Inc. engages in designing, building, and managing enterprise solutions. It operates through the following segments: Advanced Computing, Integrated Memory, and Optimized LED. The Advanced Computing segment offers platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling, and the internet of things. The Integrated Memory refers to integrated memory solutions through the design and development. The Optimized LED segment comprises a broad portfolio of application-optimized LEDs. The company was founded in 1988 and is headquartered in Fremont, CA.

Penguin Solutions Inc.

Penguin Solutions is drawing significant investor interest as the community weighs strong financial performance, including consistent earnings beats and strategic partnerships with industry giants like NVIDIA and Meta, against volatility surrounding its future growth guidance. Traders are actively debating the company's valuation as a "deep-value" AI infrastructure play, while monitoring technical levels for potential breakouts fueled by its expanding AI/HPC pipeline.

Wingstop, Inc. is a franchisor and chicken wings-focused restaurant. The firm is engaged in the flavor business offering cooked-to-order, hand-sauced, and tossed classic and boneless wings, tenders and chicken sandwiches in flavors, with signature sides, such as its seasoned fries and house made ranch and bleu cheese dips. The company was founded in 1994 and is headquartered in Dallas, TX.

Wingstop Inc

Wingstop has experienced a sharp pullback from its previous highs, prompting a heated debate among investors regarding whether the stock is a long-term bargain or a fundamentally overvalued name heading for further downside. While some traders are actively buying the dip on hopes of future global expansion and share buybacks, others are shorting the stock, pointing to concerns over consumer fatigue and high valuation metrics relative to its restaurant peers.

VisionWave Holdings, Inc. engages in the forefront of revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. The company was founded on March 20, 2024 and is headquartered in Wilmington, DE.

VisionWave Holdings Inc.

VisionWave Holdings, Inc.

VisionWave Holdings is gaining momentum as investors react to a newly granted patent for its real-time RF motion detection technology and ongoing strategic expansion into defense-focused AI and autonomous systems. The community is actively discussing the potential for a parabolic breakout, citing the stock's low float and recent high-profile institutional interest as catalysts for a potential squeeze.

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<ul class="summary-bullets"><li>Trump claimed the Ronald Reagan Foundation confirmed Canada used a fabricated version of Reagan’s 1987 anti-tariff remarks in a $75,000 ad campaign aimed at influencing U.S. court decisions.</li><li>The Ontario-led campaign, worth $75 million, uses Reagan’s speech warning that tariffs lead to retaliation and trade wars, and is airing across major U.S. networks.</li><li>The announcement followed rising trade tensions, with Canada recently cutting tariff-free import quotas for U.S. automakers and reaffirming plans to defend domestic auto jobs.</li></ul>U.S. President Donald Trump said on Thursday that all U.S. trade negotiations with Canada have been terminated, accusing Ottawa of using a “fake” Ronald Reagan advertisement criticizing tariffs to influence U.S. court decisions.In a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/115426967566430347">post on Truth Social</a>, Trump claimed the Ronald Reagan Foundation had confirmed that Canada “fraudulently used” a fabricated video of Reagan speaking against tariffs in an ad that cost $75,000. He said the move was meant “to interfere with the decision of the U.S. Supreme Court and other courts,” calling it “egregious behavior.”“TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump wrote.<h2 class="st-heading-2">What The Reagan Foundation Said</h2>​​The Ronald Reagan Presidential Foundation and Institute, in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/RonaldReagan/status/1981524620265046408">post</a> on X, said the ad misrepresents a presidential radio address Reagan delivered in April 1987 and that his remarks were edited without its permission. The entity added that it was "reviewing its legal options in this matter."<img src="https://news.stocktwits-cdn.com/reagan_foundation_ss_jpg_a10e814a5e.webp" alt="reagan foundation ss.jpg"><h2 class="st-heading-2">Ontario’s $75 Million Reagan Ad Campaign</h2>The controversy stems from a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=hN_CVvzExpM">$75 million ad campaign</a> launched by Ontario Premier Doug Ford that uses clips from Reagan’s 1987 televised speech, in which the former president warned that high tariffs “inevitably lead to retaliation” and “fierce trade wars.”Ford&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.ctvnews.ca/toronto/article/doug-ford-says-ontario-spending-75m-to-run-anti-tariff-ads-in-us-featuring-clips-of-reagan/">said during the launch</a>, “I’m a big Ronald Reagan fan. We’re going to launch a $75 million ad and repeat that message to every Republican district there is, right across the entire country.”The video carries a disclaimer that the ad is not approved by the Ronald Reagan Presidential Library or the Ronald Reagan Presidential Foundation.<h2 class="st-heading-2">Supreme Court Decision On Tariffs Pending</h2>Last month, the Supreme Court granted the Trump administration’s request to hear its appeal of lower court rulings that had struck down many of Trump’s wide-ranging tariffs. The Court also approved the administration’s request to expedite the appeal on an accelerated timeline.<h2 class="st-heading-2">Throwback To Chinese Playbook</h2>The controversy&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/china-claps-back-at-trump-with-ronald-reagan-s-1987-anti-tariff-speech/chflA29RbJ5">echoes a July post</a> from the Chinese Embassy in Washington, which shared the same 1987 Reagan speech on X, saying it “finds new relevance in 2025.” The clip highlighted Reagan’s warning that tariffs can lead to retaliation, trade wars, and “economic collapse.” The embassy’s move was widely interpreted as a jab at Trump’s escalating tariff policies, which have already sparked retaliatory actions from trading partners including China and Canada.<h2 class="st-heading-2">Canada Cuts Tariff-Free Quotas for Automakers</h2>Hours before Trump’s post,&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/canada-hits-gm-stellantis-with-tariff-quota-cuts-after-auto-makers-scale-back-local-production/cLGJeriR3rH">Canada reduced tariff-free import quotas</a> for General Motors and Stellantis, escalating trade tensions. Finance Minister Francois-Philippe Champagne said GM’s quota will be cut by 24.2% and Stellantis’ by 50% after both automakers scaled back factory operations in Ontario.&nbsp;<h2 class="st-heading-2">Stocktwits Shows Bearish Mood For US ETFs</h2>On Stocktwits, retail sentiment was ‘bearish’ amid ‘normal’ message volume for both the SPDR S&amp;P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), while it was ‘neutral’ amid ‘low’ message volume for the iShares MSCI Canada ETF (EWC).So far this year,&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPY&nbsp;</a>is up 16%,&nbsp;<a href="https://stocktwits.com/symbol/QQQ">QQQ</a> is up 20%, and&nbsp;<a href="https://stocktwits.com/symbol/EWC">EWC</a> has outperformed, gaining 26%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

So far this year, SPY is up 16%, QQQ is up 20%, and EWC has outperformed, gaining 26%. (Photo credit: Getty Images)

Trump Ends US-Canada Trade Talks Over 'Fake Reagan' Tariff Ad, Accuses Ottawa Of Meddling With Supreme Court Decision

The Ontario-led campaign, worth $75 million, uses Reagan’s speech warning that tariffs lead to retaliation and trade wars, and is airing across major U.S. networks.

Equity

Canada approved the C$10 billion ($7.3 billion) Ksi Lisims project, off the coast of British Columbia, to start exporting liquefied natural gas, amid a renewed focus on fossil fuels by the administration of Prime Minister Mark Carney.The floating LNG export facility, owned by Western LNG, a Blackstone-backed company, as well as Rockies LNG Partners and the indigenous group Nisga’a Nation, is expected to begin operations by late 2028 or early 2029. The approval marked the first major federal project approval under Canada's new government.The project is expected to have an exporting capacity of 12 million tons per year, which will make it the second biggest LNG export project facility in the country after Shell-backed LNG Canada, which started exports earlier this year.“This summer, I heard from leaders across business and government that the world is looking to Canada for secure, reliable, clean energy. Today's approval is a major step toward delivering on that promise,” Energy Minister Tim Hodgson said in a statement.During a visit to Germany last month, he had criticized the government of former Prime Minister Justin Trudeau for “closing the door for LNG exports.” The Canadian government, under Carney, has taken a softer stance on fossil fuels to bolster the economy amid the country’s ongoing trade war with the U.S.The move will also likely boost gas production in British Columbia, where companies such as Canadian Natural Resources, Ovintiv, and Tourmaline Oil operate. Retail sentiment on Stocktwits about <a href="https://stocktwits.com/symbol/CNQ">Canadian Natural </a>and Ovintiv was in the ‘bearish’ territory at the time of writing, while traders were ‘neutral’ about Tourmaline.The 900-km Prince Rupert Gas Transmission pipeline, which will transport natural gas from gas-producing fields to the LNG facility, is already under construction.“Ksi Lisims LNG will provide 140-160 shipments per year of low-carbon LNG to global markets, helping our allies reduce emissions by shifting away from higher-emission fuel sources, often provided by less reliable nations,” Hodgson added.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/bitcoin-retreats-ahead-of-fed-meeting-but-tom-lee-sees-price-rally/chwyB1uRdyi">Major Cryptos Retreat Ahead Of Fed Meeting — But Fundstrat’s Tom Lee Says Bitcoin, Ethereum Poised For ‘Monster Run’</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A digitally generated depiction of an LNG tanker escorted by tugboats navigating through coastal waters. (Image Courtesy: Getty Images)

Canada Greenlights $7.3B LNG Project In British Columbia In Reversal Of Trudeau-Era Policies

The project is expected to have an exporting capacity of 12 million tons per year, which will make it the second biggest LNG export project facility in the country.

Canada's Ssense, a leading e-commerce platform for luxury fashion clothing and accessories, announced on Thursday that it has filed for bankruptcy&nbsp;protection due to business disruptions caused by U.S. tariffs, according to a report in the fashion news site Vogue.Canada faces a 35% tariff on goods shipped into the U. S., with some exemptions. And now, with the de minimis exemption on low-value Canadian goods set to expire, retailers, in particular, are facing steep costs for importing to the U.S.The development is the latest indication of how U.S. President Donald Trump's tariffs are disrupting businesses globally, particularly the small ones operating in niche categories.Italian retailer Luisaviaroma filed for bankruptcy earlier this month, citing macroeconomic headwinds, including the luxury slowdown, U.S. tariffs, and increasing transportation costs, as well as missteps in its own strategy.Ssense attributed the bankruptcy filing directly to higher costs incurred due to the U.S. tariff policy; however, Ssense's primary lender placed the company under Canada's Companies' Creditors Arrangement Act (CCAA) protection, triggering a sales process "without our consent", according to a Ssense spokesperson."We are deeply disappointed in this decision, which we believe does not serve the long-term interests of our 1,000+ employees, vendors, and partners," the spokesperson&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.voguebusiness.com/story/companies/ssense-files-for-bankruptcy-protection-under-weight-of-tariffs">told</a> Vogue."We will be filing our own CCAA application to safeguard the company, retain control of our assets and operations, and fight for the future of this business."Ssense laid off 8% of its workforce, or about 100 employees, in May.If Ssense were to fail, it would be another blow to fashion's independent designer brands, many of whom rely on Ssense as a retail partner, according to Vogue.Founded in 2003, Ssense curates high-end designer clothing, streetwear, and accessories, and blends retail with editorial content. It has a lone flagship store in Montreal, Quebec, which opened in 2018.So far this year, the&nbsp;<a href="https://stocktwits.com/symbol/EWC">iShares MSCI Canada ETF (EWC)</a>, which tracks Canadian companies listed in the U.S., has gained 20%, nearly twice the gains in&nbsp;the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/now-opendoor-rival-offerpad-catches-the-meme-stock-bug/chtTGLxRdZJ">Now, Opendoor Rival Offerpad Catches The ‘Meme Stock’ Bug</a>

A DJ performing at 'SSENSE's An Evening Marni and Friends' event on December 6, 2023 in Miami, Florida. (Photo by Daniel Zuchnik/WWD via Getty Images)

Canadian E-Tailer Ssense, Under Trump Tariff Strain, Files For Bankruptcy

The development is the latest indication of how U.S. President Donald Trump's tariffs are disrupting businesses globally, particularly the small ones operating in niche categories.

Canada is looking to collaborate more closely with Mexico over a range of issues, including security and trade, its senior ministers said on Tuesday, following a meeting with President Claudia Sheinbaum.According to a Bloomberg <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-08-06/canada-and-mexico-to-cooperate-as-free-traders-facing-us-tariffs">report</a>, citing Foreign Affairs Minister Anita Anand, the two countries agreed to “build a work plan” covering “resilient supply chains, port-to-port lines of trade, artificial intelligence and the digital economy, energy security.” &nbsp;The meeting between Anand, the Canadian finance minister, Francois-Philippe Champagne, and Sheinbaum reportedly lasted over an hour. The two ministers are also expected to meet business leaders while in Mexico.According to the report, Anand noted that Mexico plays a critical role in the global economy, and Canada recognizes this and wants to leverage it to the advantage of the Canadian domestic economy. While Champagne reportedly said that Canada offers “a lot of opportunities to Mexico when it comes to critical minerals and the supply chain around that,” and energy security, before adding that both nations are “free traders.”The neighbors are seeking closer ties at a time when their relationship with the U.S. has soured due to President Donald Trump’s tariff salvo. Barring China, the two North American countries are the only ones facing U.S. tariffs on national security grounds for the inflow of drugs into the U.S.While U.S. government data has shown that only a tiny amount of fentanyl crosses into the U.S. through the Canadian border, Trump raised the tariffs on Canada to 35% earlier this month, citing its failure to curb the flow of drugs, a charge Canadian Prime Minister Mark Carney has denied.However, Trump and Sheinbaum extended a tariff truce between the two countries for another 90 days. Canada has retaliated against Trump’s tariffs by imposing levies on U.S. goods, while Mexico hasn’t. However, on Tuesday, Carney seemingly softened his stance and hinted at lowering tariffs if required to benefit Canadian industries.Retail sentiment on Stocktwits about <a href="https://stocktwits.com/symbol/EWW">iShares MSCI Mexico ETF</a> (EWW) was in the ‘neutral’ territory, while traders were ‘bearish’ on iShares MSCI Canada ETF (EWC) at the time of writing.Champagne reportedly added that the U.S.-Mexico-Canada (USMCA) is an “essential element of competitiveness in North America,” with talks about renegotiating the pact slated for next year. The U.S. has so far exempted goods under the agreement from the tariffs.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/trump-tariffs-squeezing-us-fertilizer-flows-warns-industry-giant-mosaic/chr1SfwRd2y">Trump Tariffs Squeezing US Fertilizer Flows, Warns Industry Giant Mosaic After Q2 Miss Sends Stock Sliding</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Canada and Mexico are seeking closer ties at a time when their relationship with the U.S. has soured due to President Donald Trump’s tariff salvo. 

Trump’s Tariffs Drive Canada, Mexico Toward Closer Partnership To Forge 'Resilient Supply Chains'

 Canadian Finance Minister Francois-Philippe Champagne reportedly said that the U.S.-Mexico-Canada (USMCA) is an “essential element of competitiveness in North America.”

Canadian Prime Minister Mark Carney said Ottawa was disappointed over U.S. President Donald Trump’s latest move to raise tariffs on Canadian goods to 35% from 25%, but would carry on trade negotiations with its southern neighbor.The new tariffs were imposed by Trump in an executive order on Thursday, which said that Canada “failed to cooperate” with the U.S. to curb the flow of illicit drugs like fentanyl. However, the tariffs do not apply to goods compliant with the U.S.-Mexico-Canada (USMCA) trade agreement.In a statement <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/MarkJCarney/status/1951136566509801740">posted</a> on X, Carney said that while the Canadian government is disappointed by the tariff move, it will remain committed to the USMCA. He added that his government will work to protect jobs and invest in “industry competitiveness” for sectors such as autos, lumber, and steel, which will be the most affected by the tariffs. The bilateral trade between the two countries stood at $762.1 billion in 2024.Retail sentiment on Stocktwits on <a href="https://stocktwits.com/symbol/EWC">iShares MSCI Canada ETF</a> was in the ‘bearish’ territory at the time of writing.Carney also noted that Washington abiding by the USMCA has ensured that Canadian goods, on average, face one of the lowest tariffs among the trading partners of the U.S. He also added that Canada only accounts for 1% of all fentanyl shipments into the U.S., and his government is working intensively to reduce the volumes further.While the U.S. decided to impose additional tariffs on Canadian goods, Mexico was granted an extension of 90 days to negotiate a trade agreement following a phone call between Mexican President Claudia Sheinbaum and Trump on Thursday morning.Trump had <a href="https://stocktwits.com/news-articles/markets/equity/oh-canada-trump-says-palestinian-recognition-makes-trade-deal-very-hard/choh69hR56P">said</a> early on Thursday that it would be “very hard” to make a deal with Canada, after Ottawa’s move to recognize Palestine during the United Nations General Assembly in September. Carney had also said that the two sides may not reach a deal by Trump’s deadline.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/with-trump-tariffs-kicking-in-southeast-asia-s-factory-mood-slips-to-pandemic-era-lows/chr3ZgHRdGj">With Trump Tariffs Kicking In, Southeast Asia’s Factory Mood Slips To Pandemic-Era Lows</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump (R) meets with Canadian Prime Minister Mark Carney in the Oval Office at the White House on May 6, 2025 in Washington, DC. 

 Canada ‘Disappointed’ As Trump Hikes Tariffs To 35% Over Fentanyl Dispute: PM Carney Vows To Keep Talks Alive

The new tariffs were imposed by Trump in an executive order on Thursday, which said that Canada “failed to cooperate” with the U.S. to curb the flow of illicit drugs.

U.S. President Donald Trump said in the early hours of Thursday that it would be “very hard” for his administration to agree to a trade deal with Canada, after Prime Minister Mark Carney said he would recognize the Palestinian state in September."Wow! Canada has just announced that it is backing statehood for Palestine," he <a target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/114945962278773358">posted</a> on Truth Social. "That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!"A potential disagreement over Palestine is likely to flare up tensions again between the two North American neighbors amid ongoing trade negotiations. Trump had earlier threatened this month to impose 35% tariffs on all non-compliant Canadian exports under the U.S.-Mexico-Canada trade treaty, unless the two sides agreed to a deal.Retail sentiment on Stocktwits about <a href="https://stocktwits.com/symbol/EWC">iShares MSCI Canada ETF</a> was in the ‘bearish’ territory at the time of writing.Trump’s warnings come after Canada joined a list of countries, including the UK and France, that have pledged to recognize the Palestinian state as Israel’s war on Gaza continues to claim lives. Carney reportedly stated that the recognition was contingent upon democratic reforms and Hamas's non-participation in any future elections.Currently, the U.S. applies a 25% tariff on Canadian imports that don’t comply with the USMCA. Canadian goods are also subject to Trump’s sectoral tariffs, such as 50% levies on steel and aluminum, as well as a 25% tariff on vehicles assembled in Canada.Carney had also said on Thursday that negotiations are still ongoing and may not conclude before the Aug. 1 deadline. The bilateral trade between the two countries stood at $762.1 billion in 2024.&nbsp;Also See: <a href="https://stocktwits.com/news-articles/markets/equity/lutnick-says-us-stuck-trade-deals-with-thailand-cambodia-following-ceasefire-but-details-unclear/chohyw2R56R">Lutnick Says US Struck Trade Deals With Thailand, Cambodia Following Ceasefire — But Details Unclear</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 U.S. President Donald Trump and Canadian Prime Minister Mark Carney hold a bilateral meeting during the G7 Leaders' Summit on June 16, 2025 in Kananaskis, Alberta.

‘Oh, Canada’ — Trump Says Palestinian Recognition Makes Trade Deal ‘Very Hard’

Trump’s warnings come after Canada joined a list of countries, including the UK and France, that have pledged to recognize the Palestinian state.

Canada became the latest nation to receive a letter from President Donald Trump over the fate of tariffs if a bilateral deal isn’t struck by the Aug. 1 deadline.The screenshot of the letter shared by the president on his Truth Social account warned that a 35% levy will be imposed on Canadian products&nbsp;entering U.S. shores. As was outlined in the letters sent to the other nations earlier this week, he clarified that this rate is&nbsp;in addition to the sectoral tariffs in place.Trump also&nbsp;reiterated that transshipped goods will incur additional levies, while companies can avoid the steep tariffs if they decide to build or manufacture products in the U.S. Any retaliation will be met with tariffs raised to the same magnitude, the president said.&nbsp;Trump highlighted the steep 400% tariffs Canada charges on U.S. dairy imports as he discussed its North American neighbor’s tariff and non-tariff policies and trade barriers that have served to push deficits to unsustainable levels.“If Canada works with me to stop the flow of Fentanyl, we will perhaps consider an adjustment to this letter,” he added.Trump’s recent spate of letters, though creating uncertainty in the minds of traders, hasn’t deterred the market’s climb to a record high. Although the market showed volatility this week, the S&amp;P 500 Index reached a new record high on Thursday.The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund (ETF) that tracks the S&amp;P 500 Index, has gained 7.4% year-to-date. SPY was among the top 10 trending tickers on Stocktwits late Thursday, but sentiment toward the ETF stayed ‘bearish.’Meanwhile, the&nbsp;<a href="https://stocktwits.com/symbol/EWC">iShares MSCI Canada ETF (EWC)</a> has gained about 16% this year.Canada has been&nbsp;on the receiving end ever since Trump assumed office. Immediately after his inauguration, he threatened the country and Mexico with a 25% levy “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”The U.S. announced a 25% tariff on Canadian goods and a levy on energy and potassium exports from the country on March 4, followed by a 25% tariff on Canadian steel and aluminum products.A 25% tariff came into effect on auto and auto part imports that were not compliant with the United States-Mexico-Canada Agreement (USMCA). Canada currently enjoys tariff exemption for goods traded under the USMCA, which came into effect on July 1, 2020. Trump did not clarify on Thursday whether this concession&nbsp;would be extended.&nbsp;Last week, just before a “Digital Services Tax” proposed by Canada against big tech companies was set to take effect, Trump threatened to pause trade talks, forcing Mark Carney’s administration to come around.&nbsp;Separately, Trump reportedly&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.nbcnews.com/politics/donald-trump/trump-tariffs-inflation-hasbro-ukraine-patriot-missiles-nato-russia-rcna218125">stated</a> in a phone interview with NBC that countries&nbsp;not included on the list of over 20 countries to which he dispatched letters this week will face “blanket tariffs” of 15-20%.“We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%. We’ll work that out now,” he said.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/teradyne-stock-jumps-after-report-links-its-tech-to-amazon-vulcan-robot/ch8GgihR5kU">Teradyne’s Stock Jumps After Report Links Its Tech To Amazon’s Vulcan Robot – Retail Turns Bullish</a>

U.S. President Donald Trump and Canadian Prime Minister Mark Carney hold a bilateral meeting during the G7 Leaders' Summit on June 16, 2025 in Kananaskis, Alberta. 

Trump Threatens Canada With 35% Tariff By August, Mulls Blanket 15-20% Rates For Other Countries 

The POTUS highlighted the steep 400% tariffs Canada charges on U.S. dairy imports as he discussed its North American neighbor’s tariff and non-tariff policies and trade barriers that have served to push deficits to unsustainable levels.

Canada could soon propose building an oil pipeline to the country’s west coast as a project of national importance, Prime Minister Mark Carney said in an interview with a newspaper.“I would think, given the scale of the economic opportunity, the resources we have, the expertise we have, that it is highly, highly likely that we will have an oil pipeline,” Carney said in the interview with the Calgary Herald published on Sunday.Carney’s comments follow the Canadian Parliament's passage of the C-5 bill, which earmarks several projects as key to national growth, accelerates their development, and removes internal trade barriers. The Liberal Prime Minister said his government will also back a proposed C$16.5 billion ($12 billion) carbon capture and storage project for Alberta’s oil sands, a longstanding demand of Canadian energy firms.Retail sentiment on Stocktwits about the <a href="https://stocktwits.com/symbol/EWC">iShares MSCI Canada ETF</a> (EWC) was in the ‘neutral’ territory.Speaking during his visit to the annual Calgary Stampede, Carney suggested that the proposal might not come from the government but rather from the oil industry. “The private sector is going to drive it... We’ve got legislation, but we’ve also got the people in place at the federal level who can get things done.”Several industry officials and Alberta Premier Danielle Smith have lobbied for a new pipeline with a capacity of 1 million barrels per day of crude oil, connecting landlocked Alberta to a port in British Columbia. The energy industry aims to capitalize on the growing demand for Canadian crude and reduce its reliance on the United States. Over 90% of Canadian exports currently go to the U.S.“I am confident that my government will do everything we can so that those projects can be built,” Carney said.A combined C$280 billion worth of Canadian oil and natural gas projects have been canceled over the past decade due to concerns over economic feasibility, according to the Canadian Association of Petroleum Producers. The Trans Mountain Pipeline expansion, which began operating last year, is expected to reach full capacity by the end of the decade.The iShares MSCI Canada ETF has gained nearly 16% this year, compared with 7% gains in the SPDR S&amp;P 500 ETF (SPY).Also See: <a href="https://stocktwits.com/news-articles/markets/equity/gold-prices-fall-after-trump-cabinet-members-signal-extension-of-tariff-deadline/chFtI6rRPzm">Gold Prices Fall After Trump Cabinet Members Signal Extension Of Tariff Deadline</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Prime Minister of Canada Mark Carney talks to media at the end of an EU - Canada Summit in the Europa Building.

Canada Premier Carney Signals Federal Support For New Oil Pipeline To West Coast: ‘My Government Will Do Everything’

The Liberal Prime Minister said his government will also back a proposed C$16.5 billion ($12 billion) carbon capture and storage project for Alberta’s oil sands.

Canada Premier Carney Signals Federal Support For New Oil Pipeline To West Coast

Canada opted to scrap a digital services tax on U.S. tech companies after U.S. President Donald Trump threatened to terminate all trade discussions with the country over the issue.&nbsp;The suspension of the tax came just a day before the first payments fell due. The tax was enacted last year and allowed the Canadian government to collect payments retrospectively from 2022, from both domestic and overseas tech companies.&nbsp;Canadian officials had previously implied that they would not rescind the tax despite the pressure from the U.S.The development should bring relief to traders who are concerned about Trump’s steep “Liberation Day tariffs,” which are set to take effect if deals aren’t struck by the July 9 deadline for most nations.The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund (ETF) tracking the broader S&amp;P 500 Index, has gained 5.55% this year, and the&nbsp;<a href="https://stocktwits.com/symbol/EWC">iShares MSCI Canada ETF (EWC)</a> is up about 14%.A statement from Canada’s Department of Finance on Sunday&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.canada.ca/en/department-finance/news/2025/06/canada-rescinds-digital-services-tax-to-advance-broader-trade-negotiations-with-the-united-states.html">said</a>, “Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States.”The DST was announced in 2020 to address the loophole that allowed large tech companies operating in Canada to avoid paying tax on revenues generated by Canadians.&nbsp;The Canadian government said, “Consistent with this action, Prime Minister [Mark] Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.”This timeline was&nbsp;established at the G7 Leaders’ Summit in Kananaskis earlier this month.&nbsp;That finance department statement also said, “Prime Minister Carney has been clear that Canada will take as long as necessary, but no longer, to achieve that deal.”U.S. business and tech groups have been lobbying for a delay in the payment date or renegotiation of the policy altogether.&nbsp;For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/sp-500-posied-to-extend-record-run-in-new-week/chmZ2XHRRef">S&amp;P 500 Poised To Extend Record Run In New Week As Traders Scramble To ‘Get Ahead’ Of Rate Cuts — Why This Analyst Calls For Bigger Gains Ahead</a>

Canadian Prime Minister Mark Carney (R) greets U.S. President Donald Trump at the official welcome ceremony during the G7 Leaders' Summit on June 16, 2025 in Kananaskis, Alberta. 

Canada Buckles Under Trump Threat, Suspends Digital Tax On Tech Firms — Trade Talks Likely to Resume

The digital services tax was announced in 2020 to address the loophole that allowed large tech companies operating in Canada to avoid paying tax on revenues generated from Canadians. 

U.S. Attacks Iranian Nuclear Infrastructure: Country ETFs to Win/Lose

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