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Economy


Trump Doubles Tariffs on Steel and Aluminum to 50 amid Growing Trade Tensions

U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......

U.S. court blocks Trump's sweeping tariffs: A pivotal legal decision

A U.S. federal court has delivered a significant blow to President Donald Trump's economic agenda by blocking his sweeping tariffs, a central feature of his trade policy. The Court of International Trade ruled that the emergency powers invoked by the White House did not grant the president unilateral......

G7 seeks unity beyond tariffs in Canada meeting

Finance leaders from the G7 nations will convene this week in Banff, Alberta, aiming to project unity on issues that go beyond U.S. President Donald Trump's recent tariff hikes. Their agenda includes economic security, support for Ukraine, collaboration on artificial intelligence, and backing for......

Valencia launches direct flights to Montreal, revitalizing transatlantic connectivity

Valencia will soon welcome a direct transatlantic route, re-establishing its connection with Montreal, Canada, for the first time in over a decade. This new service will be operated by Air Transat and is set to commence on June 21, 2025, with flights scheduled for Saturdays. The introduction of this......

Aya Gold & Silver's remarkable progress at Zgounder silver mine

Aya Gold & Silver is gaining remarkable traction at its Zgounder silver mine in Morocco. The Canadian mining company has reported significantly enhanced operational results for April, underscoring the growing strength of its primary mining site. Silver production at the Zgounder mine has surged......

Spain defends Beckham Law against 'tax trap' claims

Spain’s tax agency has vehemently rejected allegations from a UK-US law firm, asserting that the Beckham Law constitutes a “tax trap” that unfairly exploits foreigners relocating to the country. The law firm, led by American-Canadian Robert Amsterdam, has faced significant backlash......

EU's response to U.S. tariffs and the potential for a trade conflict

The European Union (EU) is preparing to implement targeted countermeasures against U.S. President Donald Trump's tariffs, which could affect up to $28 billion worth of U.S. imports, ranging from dental floss to diamonds. This step follows actions taken by China and Canada, marking an early escalation......

Trump tariffs sow fears of trade wars, recession, and a $2,300 iPhone

Global concern mounted after U.S. President Donald Trump unveiled sweeping tariffs, sparking fears of a global recession and sharply higher prices in the American market. Financial markets around the world plunged in response, while leaders from major economies criticized the move as a blow to decades......

Trump Escalates Global Trade War With Sweeping Tariffs

U.S. President Donald Trump intensified a global trade dispute by imposing broad tariffs on imports from both allies and adversaries, disrupting financial markets and challenging long-standing free trade principles. The European Union and China quickly announced retaliatory measures, while Australian......

Europe's response to Trump's tariff plans

Europe has a well-prepared response ready to counteract any tariff increases by the United States if necessary, according to Ursula von der Leyen, the president of the European Commission. In anticipation of President Donald Trump's announcement on April 2 regarding significant new tariffs, von der......

Trump Softens Stance on Tariffs amid Market Volatility

U.S. President Donald Trump has announced that his upcoming reciprocal tariffs will be lower than those imposed by other countries, aiming to ease concerns in global markets. Speaking at the White House, Trump emphasized that his trade measures, set for announcement on Wednesday, will be “kinder”......

Canada Ends Era of Close Ties With the US Amid Auto Tariffs

Canadian Prime Minister Mark Carney declared the end of the historically close economic, security, and military relationship between Canada and the United States following the announcement of new auto tariffs by President Donald Trump. Trump’s decision to impose a 25% tariff on vehicle imports......

Trump imposes 25% tariffs on cars, escalating trade conflict

U.S. President Donald Trump has introduced a 25% tariff on imported cars and automotive parts, marking a significant escalation in the ongoing trade war. During his announcement at the White House, Trump framed the tariffs as a necessary action to reclaim economic losses from foreign nations that have......

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