Türkiye’s foreign minister to visit Iran on Sunday for bilateral, regional talks
Fidan to meet his Iranian counterpart, top officials to discuss nuclear file, Gaza, trade: Ministry sources....
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.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
U.S. investigators have recovered the black box recorders from the wreckage of a UPS cargo plane that crashed in flames on takeoff in Louisville, Kentucky. At least twelve people died. The crash sent a wall of fire into an industrial corridor and forced the shutdown of the airport.
At least 153 people have been killed in Sri Lanka after landslides and flooding caused by Cyclone Ditwah, officials said on Saturday, with 191 others missing and more than half a million affected nationwide.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
McLaren's Oscar Piastri won the Qatar Grand Prix sprint race from pole position and for the third year in a row on Saturday (November 29) to trim teammate Lando Norris's Formula One championship lead to 22 points.
Ukrainian naval drones hit two sanctioned tankers in the Black Sea as they headed to a Russian port to load up with oil destined for foreign markets, an official said on Saturday, as Kyiv tries to pile pressure on Russia's vast oil industry.
Moldovan authorities said on Saturday that Russian drones had entered the country's airspace, posing a threat to aviation, in the third such incident in nine days.
Fidan to meet his Iranian counterpart, top officials to discuss nuclear file, Gaza, trade: Ministry sources.
Venezuela's government condemned Trump's comments in a statement posted on Saturday afternoon (November 29), describing them as a "colonialist threat" against the country's sovereignty and incompatible with international law.
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