live Houthi attacks target Riyadh as Iran sets conditions for reopening Strait of Hormuz
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are m...
Canadian manufacturers and union leaders are warning of job losses and sales disruptions after the U.S. raised tariffs on Canadian steel and aluminum to 50%, prompting Ottawa to prepare retaliatory measures.
Canada’s steel and aluminum sectors are sounding the alarm after the United States doubled tariffs on the two key metals, sparking fears of layoffs, lost sales, and market shutdowns. The hike — from 25% to 50% — took effect early Wednesday and has already prompted backlash from Canadian manufacturers, unions, and government officials.
The U.S. move targets Canada, its largest supplier of steel and aluminum, which exports twice as much aluminum to the U.S. as the rest of the top 10 exporters combined.
Lana Payne, president of Unifor, Canada’s largest private sector union, warned of immediate consequences:
“This is going to have a very quick impact on the steel industry,” she said.
The Aluminium Association of Canada, whose members include Rio Tinto, warned that higher tariffs could drive producers to shift exports to Europe instead. Tim Houtsma, CEO of Madrid Industries in Nova Scotia, said the tariffs would effectively block Canadian mid-sized firms from selling into the U.S. market.
“We are going to tighten our belt... We’re going to be shut out of the U.S. market for some period of time,” he told Reuters.
Canadian Prime Minister Mark Carney told Parliament that Ottawa is preparing retaliatory measures:
“We are in intensive negotiations with the Americans and, in parallel, preparing reprisals if those negotiations do not succeed,” he said.
Unifor is urging the government to retaliate immediately and consider halting exports of critical minerals to the U.S. The union also warned that the auto and aerospace sectors could face cascading layoffs if the trade conflict deepens.
Canada previously responded to U.S. tariffs in March by imposing 25% duties on C$29.8 billion ($21.79 billion) worth of American imports. While Carney has cautioned that there is a limit to tit-for-tat measures, pressure is mounting for a swift and robust response.
On the U.S. side, steel traders are also feeling the squeeze. Jeremy Flack, CEO of Flack Global Metals, said orders have slowed considerably since the initial tariff hikes earlier this year:
“We are not getting any orders. Volumes starting from February have begun to decline.”
As both sides dig in, trade experts warn that continued escalation could threaten broader sectors of the North American manufacturing economy.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
German voters cast ballots on Sunday in two state elections that could add to the political pressure on Chancellor Friedrich Merz, as his government faces growing public frustration and a resurgent far right.
Iraq has returned restricted airspace across the western part of the country to civilian authorities, ending limits imposed for military operations against Islamic State since 2016, the Transport Ministry said.
Denmark and Greenland have moved to reassure the public that their sovereignty will remain intact under a new security agreement with the United States.
World leaders are set to gather at the United Nations General Assembly in New York for several days of high-level debate, with Iran, Ukraine, artificial intelligence (AI) and a range of global crises expected to dominate discussions this week.
Ed Sheeran has broken his silence on the controversy surrounding his U.S. tour, apologising for decisions made after rapper Macklemore was removed from the line-up over his public support for Palestine.
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