Mexican President Claudia Sheinbaum Pardo said that her country was sending support in part because many Mexican people live in the Los Angeles area.

Although Canadian insurers have minimal direct exposure to California wildfires, the broader consequences cannot be ignored. Reinsurance costs, which are influenced by global disaster trends, often rise following large-scale events like the ongoing wildfires in the US.

President Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting Feb. 1, while declining to flesh out his plans for taxing Chinese imports.

Commercial trucks head towards the U.S. Customs and Border Protection (CBP) Pacific Highway Port of Entry from south Surrey, British Columbia, Canada, November 26, 2024. REUTERS/Jennifer Gauthier/File Photo (Reuters) - As U.