President Donald Trump, in his first Oval Office meeting with new Canadian Prime Minister Mark Carney, said there was nothing Carney could say to him Tuesday that would convince the president to reduce tariffs on Canadian goods.

The Trump administration’s tariffs on US imports and Canada’s retaliatory actions have major implications for Canadian companies and their commercial transactions. Counsel should understand the resulting contract issues and the potential use of contract clauses or other avenues that may provide relief for affected companies.

Congress is deep into drafting Trump’s big bill of tax breaks, spending cuts and beefed-up funding to halt migrants, but it’s “bumpy,” one Republican chairman says, with much work ahead to meet House Speaker Mike Johnson’s goal of passing the package out of his chamber by Memorial Day.