News

EU, Canada retaliates against U.S. tariffs with new levies

EU retaliates with tariffs on U.S. goods after Trump imposes steel and aluminum levies, sparking trade tensions.

Published

12 months ago

March 12, 2025

Ahron Young

EU retaliates with tariffs on U.S. goods after Trump imposes steel and aluminum levies, sparking trade tensions.

In Short

The EU will impose retaliatory tariffs on U.S. goods in response to Trump’s steel and aluminum tariffs, affecting exports worth $28 billion. China also plans to respond, amplifying tensions as discussions of exemptions continue with Canada and Australia amid economic concerns.

The European Union (EU) announced it will impose retaliatory tariffs on the U.S., starting in April, in response to the 25% tariffs on steel and aluminum established by the Trump administration.

These new EU tariffs will target various U.S. goods, including bourbon whiskey, boats, and motorcycles, potentially impacting U.S. exports worth approximately $28 billion.

China has also indicated its intention to respond, with the Foreign Ministry stating it would take necessary measures to protect its interests.

Steel and aluminum tariffs

President Trump confirmed the steel and aluminum tariffs would take effect on March 12, after previous measures with Canada were reconsidered. Additionally, he has threatened to increase tariffs on Canadian metals if Canada does not remove a proposed export tax on electricity.

Governor Doug Ford of Ontario has since negotiated with U.S. officials to eliminate this export charge in hopes of easing tensions.

The escalation of tariffs has raised concerns over their impact on the U.S. economy, with stock markets experiencing declines amid fears of a recession. Trump’s administration has committed to enforcing tariffs without exceptions, unlike the previous administration, despite ongoing discussions about potential exemptions with various countries.

News

Iran live updates: Trump claims Khamenei dead as Iran insists he remains in command

Published

5 hours ago

March 2, 2026

Ahron Young

What’s happening in the Middle East?

President Donald Trump says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed
Iran is entering a transitional period, with a three man leadership council temporarily taking control
The U.S. military confirms three American service members were killed in the joint Israeli U.S. operation
The White House says U.S. forces have destroyed and sunk nine Iranian naval ships
Israel and the United States continue strikes on Iranian targets, with Tehran launching missile and drone retaliation across Israel and Gulf states
Shipping, aviation and oil markets have been disrupted, with civilians fleeing major cities amid escalating tensions

News

Israel strikes Tehran anew as conflict escalates and global markets react

Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.

Published

5 hours ago

March 2, 2026

Harvey Vargas

Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.

Israel has launched a new wave of strikes on Tehran, following the reported killing of Iran’s Supreme Leader, Ali Khamenei. U.S. President Donald Trump has warned the campaign could last up to a month, framing the operation as a move to prevent Iran from acquiring nuclear capabilities.

Iran has retaliated with missile attacks, while its Revolutionary Guards claim responsibility for assaults on oil tankers in the Gulf. The escalating hostilities are already disrupting global shipping lanes and air travel, sending shockwaves through international markets.

With reports of the first U.S. casualties emerging and Washington declaring the Tehran operation a success, tensions across the Middle East are intensifying rapidly. The question now is how far this conflict could spread — and at what cost.

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News

U.S. and Israel strike Iran as missiles hit Gulf bases and oil surges

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

Published

1 day ago

March 1, 2026

Ahron Young

U.S. and Israel launch major military operation against Iran; tensions rise as conflict escalates, impacting global markets.

The United States and Israel have launched a sweeping military operation against Iran, striking leadership targets and more than 500 military sites in what President Trump has dubbed Operation Epic Fury.

Explosions have rocked Tehran, with civilians fleeing the capital as U.S. sea and air assets carry out sustained attacks. Washington says the mission is designed to prevent a nuclear armed Iran and has even called on Iranians to rise up against the regime.

Iran has retaliated with a barrage of missiles and drones targeting Israel and U.S. bases across the region, including in Qatar, Kuwait, the United Arab Emirates and Bahrain. While many projectiles were intercepted, a U.S. base in Bahrain sustained damage.

Gulf states long seen as stable hubs for global business are now directly in the firing line, raising fears of a wider regional war.

Oil prices are climbing and tankers are diverting from the Strait of Hormuz as markets react to the escalating conflict. U.S. aircraft carriers, advanced fighter jets and missile destroyers remain in position, signalling more strikes could follow.

With global leaders scrambling diplomatically, the world is watching to see whether this spirals further or shifts back to negotiations.