Group 1: U.S. Defense and Agricultural Policy - President Trump signed an executive order to secure domestic supplies of elemental phosphorus and glyphosate-based herbicides, citing risks to the U.S. defense industrial base and food supply from foreign threats [2][3] - Elemental phosphorus is crucial for military munitions, semiconductors, and lithium-ion batteries, while glyphosate is essential for the production of corn, soy, and cotton, with over 90% of these crops relying on glyphosate-based herbicides [2][3] - The order prioritizes domestic production, impacting major players like Nutrien (NTR) and The Mosaic Company (MOS) in the North American phosphate market [2] Group 2: Canada-Mexico Trade Relations - Canada and Mexico have rejected discussions on bilateral trade paths, emphasizing their commitment to maintaining the trilateral USMCA agreement [4][5] - Canadian Minister Dominic LeBlanc expressed confidence in a unified approach to ensure a renewed partnership during the upcoming USMCA review [5] - The economic relationship between Canada and Mexico has grown twelvefold over 30 years, with two-way trade reaching $56 billion, highlighting the increasing importance of the non-U.S. North American corridor [7][8]