First Caspian Sea fibre-optic cable installation completed
The installation of the first fibre-optic cable across the bottom of the Caspian Sea has been completed, marking a major step in the development of a ...
On Thursday, the U.S. President Trump raised tariffs on Canadian imports from 25% to 35%, citing drug smuggling concerns, a claim dismissed by Canadian Prime Minister Mark Carney, who vowed to protect jobs during rising trade tensions.
The White House linked this decision partly to Canada’s alleged failure to stop fentanyl smuggling, though Canadian Prime Minister Mark Carney dismissed the claim, stating, “Canada accounts for just 1% of U.S. fentanyl imports and is working intensively to reduce these volumes.”
Carney expressed disappointment with the tariff hike, writing on X that “while we will continue to negotiate with the United States on our trading relationship, the Canadian government is laser focused on what we can control: building Canada strong.”
He warned that sectors such as lumber, steel, aluminum, and automobiles would be hardest hit but pledged to “protect Canadian jobs, buy Canadian goods, invest in industrial competitiveness, and diversify export markets.”
Ontario Premier Doug Ford, whose province generates about 40% of Canada’s GDP, demanded a strong countermeasure, calling for a 50% tariff on U.S. steel and aluminum imports.
Ford urged, “Canada shouldn’t settle for anything less than the right deal. Now is not the time to roll over. We need to stand our ground.”
Despite the escalation, Trump told that he remains open to talks with Canada and may speak with Carney soon. The U.S. also granted Mexico a 90-day extension to negotiate a deal and avoid similar tariff hikes.
Economists note Canada’s economy has shown resilience amid the tariffs and is expected to avoid recession.
Canadian exports to the U.S. have dropped slightly, with many companies diversifying their markets and increasing USMCA compliance, which currently exempts about 90% of Canadian exports.
Tensions have also been fueled by Canada’s recognition of Palestinian statehood, a move Trump criticized as making a future trade deal 'very hard' to achieve.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from the previous day, according to shipping data.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 6th of August, covering the latest developments.
Kazakhstan’s main oil export corridor was disrupted by drone strikes near Russia’s Black Sea coast in July, forcing a temporary suspension of crude loadings and raising fresh concerns over the vulnerability of regional energy infrastructure to the war in Ukraine.
Ukrainian President Volodymyr Zelenskyy has dismissed the country's ambassadors to Tajikistan, Kyrgyzstan and several other countries. The removals came after a speech on Monday in which he said embassies would be judged on their effectiveness in securing weapons for Ukraine.
Uzbek exporters say repeated disruptions to Wildberries' logistics network in Russia have slowed deliveries and affected overseas sales, prompting the government to hold talks with the online marketplace's management.
Thailand's prime minister has pledged to introduce tougher gun laws after a school shooting outside Bangkok left at least eight people dead, including the suspected teenage gunman.
Morocco has expressed its readiness to work with Spain and other European partners to identify and return unaccompanied minors following the mass arrival of tens of thousands of migrants Ceuta last week.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 7th of August, covering the latest developments.
A U.S. judge has ordered Meta to pay an additional $567 million over claims that its platforms failed to protect children from online harm.
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