The World Bank and China have held talks on how they can finance projects in Africa together, the lender’s vice president for the continent said.

China won’t devalue its currency in order to make its exports more competitive amid the trade war with the U.S., Premier Li Keqiang said, hours after his country retaliated against the latest increase in tariffs by the Trump administration.

“One of my concerns is that we have an export limitation or a cap with Mexican automobiles at 2.4 million autos and SUVS. Have they laid that on the table for the Canadians as well, expecting Canada to sign on for something like that?”

The trade dispute between the U.S. and China will continue for the foreseeable future and escalate, and is going to be painful for Americans, according to a former U.S. trade negotiator.

Recent cost pressures on the industry, including rising minimum wages in some provinces, increased fuel and transportation costs and an ongoing trade war with the U.S., will soon result in some price inflation, said the chief executives of Metro Inc., Loblaw Companies Ltd. and Empire Co. Tuesday at Scotiabank's back-to-school conference in Toronto.

The European Union’s chief Brexit negotiator warned U.K. Prime Minister Theresa May that substantial progress on the U.K.’s orderly withdrawal from the bloc is needed next month if there’s to be a deal.