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President Donald Trump has threatened to raise US tariffs on Canadian cars, trucks, and auto parts from 25% to 50% starting in January, following the collapse of trade talks. Prime Minister Mark Carney called the deal on the table a 'bad deal' and said Canada is ready to resume talks if the US returns with the 'right attitude'. Retaliatory tariffs and market fallout are underway.
The United States has formally removed Syria from its list of state sponsors of terrorism, ending a designation that had been in place since 1979. The move, which also revoked the terrorist designation of Hay'at Tahrir al-Sham, is seen as a vote of confidence in President Ahmed al-Sharaa's government and aims to boost investment in the country.
In an interview aired Aug. 23, President Donald Trump told Michael Cohen that communities that don't accept data centers are 'making a mistake,' citing jobs and tax revenue. The comments come amid widespread opposition, with a Gallup poll showing 70% of Americans oppose local data centers, and concerns over environmental impacts such as energy and water use.
Ontario Premier Doug Ford threatened to cut electricity and critical mineral exports to the U.S. as the trade war deepens, while President Trump imposed new tariffs and exchanged personal insults with Ford. Prime Minister Carney announced dollar-for-dollar retaliation, and the collapse of talks has raised economic concerns in both countries.
U.S. President Donald Trump announced plans to double tariffs on Canadian cars, trucks, auto parts, and steel to 50% starting January 1, 2027, escalating a trade conflict following the collapse of bilateral negotiations. Canada has vowed dollar-for-dollar retaliation, with both sides blaming each other for the breakdown.
Trump Media interim CEO Kevin McGurn defended the company’s Truth API service, which offers early access to President Trump’s Truth Social posts, saying customer numbers are rising. The service has drawn a lawsuit from The Intercept Media and the Freedom of the Press Association, which alleges it violates the First and Fifth Amendments.
The Trump administration unveiled 'Operation Economic Outcast,' a sweeping expansion of secondary sanctions targeting Iran's financial lifelines, as Treasury Secretary Scott Bessent described an 'economic D-Day.' President Trump declared Iran 'completely collapsing,' while Tehran dismissed the measures as a sign of American desperation.
Asian shares mostly declined at the start of a week dominated by bond-market pressure, Iran sanctions, and the Jackson Hole symposium. US futures were lower, while oil slipped. Reports varied on index levels, but the 10-year Treasury yield eased from recent highs after the Treasury's surprise buyback increase.
Former officials reveal a secret nuclear bunker already exists deep beneath the White House, built during the Obama administration. The disclosure challenges President Trump’s national security justification for a large-scale ballroom project that is currently under review by the Supreme Court.
Canada is set to announce retaliatory tariffs against the U.S. after trade talks collapsed, with Prime Minister Mark Carney vowing dollar-for-dollar measures. As the federal government rolls out support for affected workers and businesses, economists warn of significant job losses and potential grocery price increases. The move comes amid escalating trade rhetoric from President Trump and bipartisan backing in Canada for a firm response.
House Democratic Leader Hakeem Jeffries met privately with Jared Kushner, President Trump's son-in-law and adviser, to discuss potential areas of common ground such as housing, immigration, and cost of living. The meeting, first reported by The New York Times and confirmed by multiple outlets, has drawn reactions from both parties, with Speaker Mike Johnson downplaying its significance while some Democrats express concerns.
A photo of President Trump with his eyes closed at a White House Rose Garden event, hours before he used the 'Sleepy Joe Biden' nickname at a South Carolina rally, has triggered online mockery. The image has also reignited discussions about Trump's public appearances, with some social media users pointing to the strain on his suit jacket. Both Atlanta Black Star and The Daily Beast covered the episode, which came as Melania Trump returned from a 32-day absence.
Prime Minister Mark Carney announced retaliatory tariffs on US goods after walking away from trade negotiations, prompting new 50% US tariffs on Canadian exports. President Trump responded with fresh criticism on Truth Social, while US officials warned Canada faces 'devastating' consequences.
Iran's Supreme National Security Council Secretary Mohsen Rezaei said the Strait of Hormuz will stay closed until the US corrects its behavior and fulfills its commitments. Tehran also announced service fees for authorized ships and warned of penalties for non-compliant vessels, as the US prepares new economic measures.
Iran's President Masoud Pezeshkian defends a memorandum of understanding with the US as the best path out of a stalled war, while the new head of Iran's Supreme National Security Council, Mohsen Rezaei, warns that the Strait of Hormuz will remain closed until the US changes its behaviour. Rezaei also threatens neighbouring countries against joining US economic pressure, and the US announces an 'Economic D-Day' campaign against Iran.
Canada's premiers lined up behind Prime Minister Mark Carney's decision to suspend trade talks with the U.S., but divisions emerged over retaliatory tariffs. New U.S. tariffs on billions in Canadian goods took effect, with Carney promising dollar-for-dollar countermeasures starting Sept. 8.
President Trump announced a 90-day move to allow up to 300,000 metric tons of ground beef into the U.S. without out-of-quota tariffs, claiming exporters would sell at 25% below market prices. The plan, aimed at lowering grocery costs, has drawn sharp criticism from cattle producers and Republican lawmakers in ranching states. Trump did not specify which countries would supply the beef.
U.S. President Donald Trump paused the rollout of 50% tariffs on Canadian goods for three days, announcing the reprieve on Truth Social and citing a potential deal. The pause comes after negotiations collapsed over the weekend, with both sides blaming each other for the breakdown.
The US and Canada have reached a tentative trade deal, prompting President Trump to pause planned 50% tariffs on Canadian goods for three days. Negotiators are finalising details, with both leaders expressing optimism despite unresolved issues.
U.S. President Donald Trump's 50% tariffs on Canadian goods took effect Saturday after negotiations collapsed, prompting Canada to promise 'dollar for dollar' retaliation. The escalating trade war casts a shadow over a major investment summit in Toronto next month, where leaders will pitch Canada to global investors amid uncertainty.