U.S. and Russia set to meet in Florida for Ukraine peace talks
The upcoming meeting in Miami will include Russian President Vladimir Putin’s special envoy Kirill Dmitriev, U.S. envoy Steve Witkoff, and Donald Tr...
U.S. Commerce Secretary Howard Lutnick announced on Sunday that tariffs on imports from Canada and Mexico will go into effect on Tuesday, though the exact rates remain uncertain.
Speaking on Fox TV’s Sunday Morning Futures, Lutnick noted that while the administration had previously planned a 25% tariff on most goods from these nations—except for energy products subject to a 10% tariff—the final decision will rest with President Donald Trump and his team.
“There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we are going to leave that for the president and his team to negotiate,” Lutnick said, describing the situation as “fluid.” This latest development follows a month-long delay in implementing the originally scheduled tariffs.
Lutnick acknowledged that both Canada and Mexico have “done a reasonable job” securing their borders with the United States. However, he expressed concern over the continued flow of fentanyl into the country, a factor that may influence the administration’s decision on the final tariff levels.
The move comes amid broader trade discussions and ongoing debates over U.S. border security and international trade policies. Earlier, President Trump had indicated an intention to impose a uniform 25% tariff on most imported goods from Canada and Mexico, a policy shift that would mark a significant change in U.S. trade relations with its northern neighbors. Recent remarks also referenced earlier instances when lower tariffs were maintained, highlighting how shifts in trade policy have historically impacted relations with these countries.
As the deadline approaches, industry analysts and trading partners are watching closely to see how the administration’s revised approach will affect both bilateral trade and border security measures.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
The European Union has postponed signing its long-awaited free trade agreement with the Mercosur bloc until January, after failing to secure sufficient backing from member states, according to media reports.
Thousands of Bulgarians took to the streets on Thursday evening to protest against the outgoing government, demanding fair elections and judicial reforms to address what they describe as widespread corruption.
Ukrainian President Volodymyr Zelenskyy arrived in Poland on Thursday following a summit of the European Council in Brussels.
Democrats on the U.S. House Oversight Committee have released another batch of photographs from the estate of disgraced financier Jeffrey Epstein, a day before the Justice Department is due to publish the full “Epstein files” under the Epstein Files Transparency Act.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
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