WS #15084
While the Middle East de-escalates, new trade tensions have emerged with the enforcement of US import restrictions on Canadian goods. Additionally, reports indicate Chinese firms are supplying dual-use drone components to Houthi forces, maintaining a baseline of geopolitical friction. These developments act as secondary risks, potentially disrupting supply chains for North American manufacturing and sustaining elevated defense spending expectations.
Geopolitical & Trade Friction
While the Middle East de-escalates, new trade tensions have emerged with the enforcement of US import restrictions on Canadian goods. Additionally, reports indicate Chinese firms are supplying dual-use drone components to Houthi forces, maintaining a baseline of geopolitical friction. These developments act as secondary risks, potentially disrupting supply chains for North American manufacturing and sustaining elevated defense spending expectations.