Pope Leo to visit Angola as part of an Africa tour, Vatican envoy says
Pope Leo is planning to visit Angola as part of a wider tour of several African countries, the Vatican’s ambassador to Angola said on Tuesday, in wh...
U.S. President Donald Trump signed an executive order on Saturday directing a new national security investigation into imported lumber under Section 232 of the Trade Expansion Act of 1962.
The probe, aimed at potentially imposing additional tariffs on imported lumber and its derivative products, comes as part of broader efforts to rebuild U.S. production of the critical commodity.
The order mandates that Commerce Secretary Howard Lutnick complete the investigation within 270 days. It covers not only raw lumber but also derivative products—such as kitchen cabinets—where U.S.-harvested lumber may be exported and then re-imported. In a related measure, Trump’s order calls for agency heads to implement new steps within 90 days to streamline the permitting process for harvesting timber from public lands and to enhance the salvage of fallen trees, aiming to increase the domestic supply of lumber.
White House trade adviser Peter Navarro emphasized that the probe is intended to counteract actions by major lumber exporters, including Canada, Germany, and Brazil, which he accused of “dumping lumber into our markets at the expense of both our economic prosperity and national security.” Any tariffs imposed as a result of the investigation would be added to existing duties, including a combined 14.5% anti-dumping and anti-subsidy tariff on Canadian softwood lumber. These tariffs stem from a longstanding U.S.-Canada dispute over Canada’s low stumpage fees on public lands—a practice Washington argues amounts to an unfair subsidy.
The new probe is the third tariff-related investigation ordered by Trump in the past week. It follows his directive earlier this month to launch a Section 232 investigation into copper imports and a separate order reviving investigations into tariffs on goods from countries imposing digital services taxes on U.S. technology companies. Trump has also threatened a 25% general tariff on all Canadian and Mexican goods unless those countries address border security and curb fentanyl trafficking.
A White House official underscored the national security risks posed by an increasing reliance on imported lumber, noting that the U.S. military consumes significant quantities of the commodity for construction projects, even though domestic supplies are ample. Home builders, however, have long criticized existing tariffs for raising lumber prices and contributing to home price inflation.
As the Commerce Department gears up to complete its investigation, industry watchers and policymakers alike will be closely monitoring the potential impact on domestic lumber production and U.S. trade relations with key partners.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
Timothée Chalamet won the Golden Globe for best male actor in a musical or comedy on Sunday for his role in Marty Supreme, beating strong competition in one of the night’s most closely watched categories.
Hawaii’s Kīlauea volcano is showing increased activity, with lava flowing from two summit craters and flames, smoke and ash rising from the caldera.
Israel has sharply escalated its warnings to Lebanon amid rising regional tensions linked to Iran, according to a report by the Lebanese newspaper Nida Al Watan.
Iranian authorities have taken steps to disrupt access to Starlink satellite internet, according to users and digital-rights groups, in what appears to be the latest effort to tighten control over people’s access to the internet inside the country.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
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