Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
President Donald Trump has announced a sweeping 35% tariff on all Canadian imports, set to take effect on August 1. The move, shared via a letter on his social platform, is being justified on national security grounds, with Trump accusing Canada of failing to stop fentanyl smuggling into the United States and maintaining unfair trade practices.
The tariff decision has sparked concern in Ottawa. Prime Minister Mark Carney responded by reaffirming Canada’s efforts to curb synthetic drug trafficking, including a $950 million investment in border enforcement and the appointment of a national anti-fentanyl coordinator. However, he also signalled readiness to negotiate, stressing that Canada will defend its economic interests.
Markets reacted swiftly, with U.S. stock indices slipping and trade analysts warning of supply chain disruptions. The move may also test the limits of the USMCA trade agreement, as legal questions arise over the use of national security exemptions.
Trump has hinted at similar tariffs for other countries lacking trade deals with the U.S., raising the prospect of broader trade conflicts in the coming weeks.
President Donald Trump has ordered sweeping new tariff increases on imports from more than 80 countries, citing continued trade imbalances and nationa...
Kazakhstan is preparing to raise oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7 million tonnes next year, Interfax-Kazakhstan r...
US President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates un...
A lightning strike measuring 829 kilometres observed in the United States in October 2017 has been confirmed by the World Meteorological Organization ...
In a sharp policy shift, Slovenia has suspended all arms-related trade with Israel, deepening its stance on the Gaza conflict and aligning with its ea...
President Donald Trump has ordered sweeping new tariff increases on imports from more than 80 countries, citing continued trade imbalances and national security concerns.
Kazakhstan is preparing to raise oil exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline to 1.7 million tonnes next year, Interfax-Kazakhstan reported on Thursday, citing Energy Minister Yerlan Akkenzhenov.
US President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
A lightning strike measuring 829 kilometres observed in the United States in October 2017 has been confirmed by the World Meteorological Organization (WMO) as the longest recorded lightning event.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Israeli Prime Minister Benjamin Netanyahu met with US President Donald Trump’s Special Envoy for the Middle East, Steve Witkoff, in a meeting held at Netanyahu’s office. Details of their discussions were not disclosed.
The United States has imposed sanctions on officials from the Palestinian Authority (PA) and members of the Palestine Liberation Organisation (PLO), accusing them of undermining peace efforts with Israel.
Germany’s Foreign Minister Johann Wadephul met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Thursday, July 31.
President Donald Trump has ordered sweeping new tariff increases on imports from more than 80 countries, citing continued trade imbalances and national security concerns.
A lightning strike measuring 829 kilometres observed in the United States in October 2017 has been confirmed by the World Meteorological Organization (WMO) as the longest recorded lightning event.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment