News

US-Canada trade tensions escalate over metal tariffs

Trump doubles Canada tariffs to 50%, escalating trade war amidst talks, market volatility, and Prime Minister’s leadership transition.

Published

11 months ago

March 12, 2025

Ahron Young

Trump doubles Canada tariffs to 50%, escalating trade war amidst talks, market volatility, and Prime Minister’s leadership transition.

In Short

President Trump doubled tariffs on steel and aluminium imports from Canada, escalating trade tensions and causing market volatility. Ontario Premier Doug Ford planned a surcharge on U.S. electricity but later opted for negotiations, while Prime Minister Justin Trudeau’s successor is set to face challenges with Trump’s administration.

President Donald Trump announced the doubling of tariffs on imported steel and aluminium from Canada to 50%, escalating the trade war between the two countries. This decision, effective almost immediately, led to concerns about inflation and a volatile stock market.

Ontario Premier Doug Ford responded with plans for a 25% surcharge on electricity supplied to U.S. homes, demanding the removal of all tariff threats. However, he later agreed to suspend this surcharge and engage in talks with U.S. Commerce Secretary Howard Lutnick.

Trump also highlighted Canada’s agricultural trade protections, threatening further tariffs on car imports if these measures were not lifted. Despite market fluctuations following the tariff announcements, Trump remained unfazed, stating the economy needs rebuilding.

Ford indicated his province would not back down, apologising to Americans for what he termed an “unprovoked attack.” He noted that Ontario provides power to 1.5 million homes in the U.S.

The trade tensions intensified as Prime Minister Justin Trudeau’s successor, Mark Carney, prepared to assume office. Carney’s ability to negotiate with Trump was limited until he was officially sworn in.

News

Oscar winner Robert Duvall dies aged 95 leaving a towering legacy

Oscar-winning actor Robert Duvall, 95, dies, leaving a legacy that shaped modern cinema with iconic roles.

Published

4 hours ago

February 17, 2026

Harvey Vargas

Oscar-winning actor Robert Duvall, 95, dies, leaving a legacy that shaped modern cinema with iconic roles.

Oscar-winning actor Robert Duvall has died at the age of 95, marking the end of an era for one of Hollywood’s most respected performers. Best known for his role as Tom Hagen in The Godfather, Duvall built a career defined by power, restraint and authenticity on screen.

From early theatre work to standout performances in To Kill A Mockingbird and Apocalypse Now, Duvall became one of the most versatile actors of his generation. He later won the Academy Award for Tender Mercies, cementing his place among cinema’s elite.

Beyond acting, Duvall was also an accomplished director and musician, earning admiration for his dedication to craft and character. His legacy leaves an indelible mark on American film history.

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News

Iran nuclear talks resume as U.S. boosts military presence

Iran’s foreign minister meets IAEA chief amid nuclear talks with the US, as tensions rise with military movements in the region.

Published

4 hours ago

February 17, 2026

Harvey Vargas

Iran’s foreign minister meets IAEA chief amid nuclear talks with the US, as tensions rise with military movements in the region.

Iran’s foreign minister has met with the head of the International Atomic Energy Agency ahead of renewed talks between Washington and Tehran, signalling a fresh diplomatic push to resolve the long-running nuclear dispute. The discussions centre on Iran’s nuclear programme, which the U.S. and its allies fear could pave the way for weapons development.

Tehran insists it will only scale back nuclear activities if sanctions are lifted, while U.S. Secretary of State Marco Rubio admits negotiations remain challenging.

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Money

AI fears rattle global markets and investors

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Published

1 day ago

February 16, 2026

Harvey Vargas

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.

Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.

UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.

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