Canada’s chief negotiator warned Washington that the August 19 tariff deadline risks derailing all bilateral trade talks and forcing Ottawa to retaliate.
Tag: Trump
Posted inWorld
Brazil Blocks US Election Envoys as Lula-Trump Tensions Escalate
Brazil’s Foreign Ministry denied visas to two Trump administration officials planning to scrutinise the country’s October 4 presidential election, citing interference concerns amid an escalating tariff dispute.
Posted inGeopolitics
Trump Threatens Iran’s Bridges as US Strikes Enter Their 12th Consecutive Night
US forces struck Iranian military targets for a 12th consecutive night as President Trump threatened to destroy bridges and power plants each time Iran attacks a vessel in the Strait of Hormuz.
Posted inEconomy
Trump Levies 50% Tariffs on Canada Under a Trade Law Unused for Nearly a Century
Using a trade law last invoked in the 1930s, Trump on July 21 announced additional 50% tariffs on $20 billion of Canadian goods to take effect in 30 days.
Posted inMarkets
Brent crude tops $78 on fresh US strikes as Trump weighs targeting Kharg Island
Brent crude settled above $78 a barrel on Wednesday, up more than 5%, after the US launched a second day of strikes on Iran, the US Treasury revoked Tehran’s oil sanctions waiver, and Iran threatened to close the Strait of Hormuz.
Posted inEconomy
US trade deficit widens to $77.6 billion in May as imports surge
The US goods and services trade deficit expanded by $23 billion to $77.6 billion in May 2026, the Bureau of Economic Analysis reported on 7 July, driven by a sharp rise in imports and a fall in exports.
Posted inGeopolitics
NATO Ankara summit pledges €70bn for Ukraine and locks in 5% GDP defence target
Leaders of all 32 NATO members gathered in Ankara on 7–8 July 2026, pledging €70 billion in military aid to Ukraine in 2026 and formalising the alliance’s five-percent-of-GDP defence investment target.
Posted inWorld
Trump arrives in Ankara to enforce NATO’s 5% defence pledge
NATO heads of state convene in Ankara on 7–8 July as Trump presses allies to prove their 5% of GDP defence spending commitment made at The Hague summit a year ago.
Posted inTech
OpenAI proposes a 5% US government equity stake worth $42.6 billion
OpenAI CEO Sam Altman has proposed giving the US government a 5% equity stake worth roughly $42.6 billion as part of a new AI sovereign wealth fund, the FT reported.
Posted inGeopolitics
Trump cuts NATO forces before Ankara summit as allies prepare 5% GDP spending pledge
Trump has cut 5,000 US troops from Germany and halted a Poland rotation ahead of the Ankara NATO summit on 7 July, in what Pentagon officials call ‘NATO 3.0’.