On May 23, two sources familiar with the plans revealed that the United States has invited officials from Japan and South Korea to Alaska to discuss cooperation, including a large-scale natural gas pipeline project. Many Asian governments are considering investing in the United States in an effort to ease the pressure on President Trump's tariff policy. The Trump administration's head of energy affairs, Home Secretary Doug Burgum and Energy Secretary Chris Wright, will host the June 2 event, sources said. The event will include a visit to Alaska's remote North Slope region, where the U.S. is trying to develop untapped gas fields through a proposed $44 billion pipeline project, one of the sources said. The natural gas will be transported through the 800-mile (about 1,300-kilometer) pipeline through Alaska, mainly to customers in Asia, before being liquefied. But the Alaska meeting was not, the sources said

The Canadian dollar has reached a new high against the US dollar, hitting 1.3859 CAD to 1 USD for the first time in six months, which may alleviate concerns of the Central Bank of Canada regarding trade conflicts. One reason for the weakening of the Canadian dollar was the inflation impact that could arise from the US-Canada trade conflict, but now the performance of the Canadian dollar has improved, returning to levels seen before Trump's announcement of the 25% tariff plan on Mexico and Canada.

The US stock market experienced a big dump, with the S&P 500 index recording its largest single-day fall since September 2022, resulting in a market capitalization evaporation of nearly $2 trillion. Experts warn that tariffs could change the global economic game rules, potentially causing the US economic growth rate to decline by 1% to 1.5%. The Chief Investment Officer of Leuthold Group stated that a deeper pullback could trigger a recession, and the current falling trend may signal the start of a new Bear Market.