The leaders of Canada and Mexico have held talks with the Trump administration to stave off tariffs, but China has instead embarked on a tit-for-tat approach.

In Asia, China’s consumer inflation dropped far more than expected to fall below zero for the first time in 13 months as deflationary pressures persisted in the economy.

This marks a significant shift for Canada, as Carney becomes the first outsider with no prior political background to assume ...