[Listen to “The Daily”: Elbows Up: Canada’s Response to Trump’s Trade War]What’s next: Mr. Ford, along with Dominic LeBlanc, the new international trade minister, and François-Philippe Champagne, the new finance minister, met with their counterparts in Washington: Howard Lutnick, the U.S. commerce secretary, and Jamieson Greer, the U.S. trade representative. The message they received, Matina reports, is “there was no way Canada, or any other country in President Trump’s cross hairs, could avoid a new round of sweeping tariffs on April 2.”[Read: Tariff Pain First, Deals Later, U.S. Tells Canada in Key Meeting]Those tariffs will be “reciprocal” — that is,…
Author: usaeverydaylife
A South Korean national flag, center, and U.S. national flags fly at the Imjingak pavilion near the demilitarized zone (DMZ) in Paju, South Korea, on Saturday, April 29, 2017.SeongJoon Cho | Bloomberg | Getty ImagesSouth Korea’s trade minister has asked his U.S. counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday. During his visit to Washington this week, Trade Minister Cheong In-kyo met U.S. Trade Representative Jamieson Greer, and stressed that South Korea should not get unfavourable treatment, the ministry said in a statement.U.S. President Donald Trump has…
OpenAI and Elon Musk have agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest person and OpenAI CEO Sam Altman playing out publicly in court. Billionaire Elon Musk and OpenAI jointly proposed a trial in December, according to a federal court filing on Friday. The parties agreed to delay a decision on whether the expedited case will be decided by a jury or solely by the judge, said the filing in U.S. District Court for the Northern District of California. The judge this month denied Musk’s request to pause…
Marco Rubio, the secretary of state, later described Mr. Boehler’s meetings as a “one-off” that had yet to produce results.But Hamas’s latest offer was similar to what Mr. Boehler proposed last week in Doha, which included a plan to jump-start negotiations for the second phase and bring home the remaining hostages, said a U.S. official, who spoke on condition of anonymity because the person was not authorized to speak publicly. That proposal followed days of talks that Mr. Boehler conducted in close coordination with Mr. Witkoff, the official said.Up to 24 living hostages and the bodies of more than 30…
To hear President Trump and some of his closest supporters tell it, South Africa is a terrible place for white people. They face discrimination, are sidelined from jobs and live under the constant threat of violence or having their land stolen by a corrupt, Black-led government that has left the country in disarray.The data tell a different story. Although white people make up 7 percent of the country’s population, they own at least half of South Africa’s land. Police statistics do not show that they are any more vulnerable to violent crime than other people. And white South Africans are…
Carl Lundstrom, the heir to a Swedish crisp bread fortune who financed the Pirate Bay, a notorious file-sharing service that was popular in the mid-2000s, was killed on Monday in a small plane crash in Slovenia, according to Alternative for Sweden, the far-right party that he supported.Mr. Lundstrom, 64, was the pilot and sole occupant of the plane, a Mooney M20, which had taken off from Zagreb, the Croatian capital, and was en route to Zurich, the party said in a statement.Air traffic controllers reported that they had lost contact with the plane in the mountainous Velika Planina area of…
A new AARP survey suggests nearly half (47%) of adults 50 and older who carry credit card debt use their cards to pay for necessities like health care, car payments and housing.Some 17% admitted they charged expenses to cover gaps in their budget every single month last year, putting them deeper in the red.”Rising costs of basic expenses like food, housing and utilities, along with health care expenses and unexpected financial burdens are threatening financial well-being and retirement security for many older Americans,” the report cautioned.In the report, Credit Card Debt and Adults Age 50-Plus, senior AARP advisor S. Kathi…
Five years after it left the European Union, Britain may have finally found a new role on the global stage — a gig that looks curiously like its old one.In the frantic few weeks since President Trump upended the trans-Atlantic alliance with his overtures to Russia and rift with Ukraine, Britain’s prime minister, Keir Starmer, has tried to act as a bridge between Europe and the United States.Mr. Starmer and his top aides counseled President Volodymyr Zelensky of Ukraine in phone calls and face-to-face meetings about how to mend fences with Mr. Trump after their rancorous White House meeting. The…
The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite some encouraging news on inflation. Although inflation receded last month, an escalating trade war threatens to cause prices to rise on a wide range of consumer goods going forward.”This is likely just the beginning with tariffs on Europe and universal ones to follow suit over the coming weeks,” Andrzej Skiba, head of U.S. fixed income at RBC Global Asset Management, said in an email. “This will be inflationary, and the Fed won’t likely be able to cut rates in this environment.”More from Personal Finance:What financial advisors tell…
Mark Carney, who has never held elected office but has a long résumé in economic policymaking and investing, was sworn in Friday morning as Canada’s 24th prime minister. He will have no time to ease into his role.Canada is experiencing a period of severe instability as its relationship with its closest ally, the United States, has been plunged into an extraordinary crisis since President Trump was elected and began unleashing attacks on its economy and sovereignty.Mr. Carney will attempt to negotiate with Mr. Trump, who has unfurled a slew of tariffs and threats on Canada including a desire to take…
