GZERO North
HARD NUMBERS: China executes Canadians, Tariffs slow economic growth, Canada buys Australian tech, Fed keeps rates steady, Egg seizures escalate while drug busts drop
Flags of Canada and China.
REUTERS/Jason Lee
4: The Canadian government has strongly condemned China’s use of the death penalty, following revelations the country executed four Canadian citizens for drug-related offenses, despite appeals for clemency. China carries out more executions than any other country and has a conviction rate of over 99%.
2.2: US President Donald Trump's tariff tiff with Canada is dampening economic growth on both sides of the border. Canada’s GDP was set to rise by 2% in 2025, and America’s by 2.4%. An OECD analysis has revised those figures to 0.7% and 2.2%, respectively, as a result of the trade war.
6 billion: Canadian Prime Minister Mark Carney announced a CA$6 billion purchase of an Over-the-Horizon Radar system from Australia to enhance Arctic early warning capabilities. Carney’s move both asserted Canada’s northern sovereignty and allowed Australia to find a buyer for its technology after DOGE cuts impacted possible US spending on the project.
4.5: The US Federal Reserve held overnight interest rates steady on Wednesday, in the target range of 4.25 to 4.5 %. But the Fed also signaled a willingness to cut borrowing costs by half a percentage point later this year, anticipating economic growth to slow to 1.7% and inflation to rise to 2.7%.
116: US Customs and Border Protection says it made 3,254 egg-related seizures in January and February 2025, a 116% increase compared to the same period one year ago. US egg prices have ballooned 59% since February 2024 because of the culling of flocks due to bird flu. In comparison, fentanyl seizures at the border dropped by 32% during the same period compared to the previous year.Ian Bremmer answers questions straight from you, GZERO readers, on whatever has been on your mind.
What, exactly, is the Trump administration thinking? A well-worn question finds fresh fodder this week as the White House prepares to impose a sweeping new set of tariffs on Brazil. Again.
“There will never be elections here again,” Nicaraguan President Daniel Ortega proclaimed on Sunday.
In this “ask ian,” Ian Bremmer argues that the debate over whether the United States or China will lead artificial intelligence is overshadowing a more important question: who will govern a technology advancing faster than governments can regulate?