President Trump is in Canada this morning, meeting with world leaders at the G7 Summit.
Talks around tension in the Middle East will likely dominate the gathering, but President Trump brought along key officials hoping to talk trade during the three-day event.
The President arrived in Alberta last night, and he is joined by Treasury Secretary Scott Bessent, who just returned from trade talks with China in London last week. On their agenda is a meeting with Canadian Prime Minister Mark Carney. In recent days, Bessent has said those discussions are on a more sustainable path.
Other key U.S. trade partners will be there, including leaders from France, Italy, Germany, and Britain.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
