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Wednesday Briefing: Canada and China Strike Back at Tariffs

The Owner Press by The Owner Press
March 5, 2025
in Business News
Reading Time: 5 mins read
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Canada and China retaliate towards Trump’s tariffs

Canada and China yesterday condemned the sweeping tariffs imposed by the Trump administration and stated they’d retaliate towards U.S. exports.

President Trump imposed 25 % tariffs on imports from Canada and Mexico, and 10 % on imports from China on high of a earlier 10 %. President Claudia Sheinbaum of Mexico stated that if the U.S. tariffs had been nonetheless in place on Sunday, she, too, would announce countermeasures.

“You’re a really good man,” Prime Minister Justin Trudeau stated, addressing Trump. “But this is a very dumb thing to do.”

Trudeau stated Canada would, in response, put 25 % tariffs on $20.5 billion price of unspecified U.S. items. China introduced levies on U.S. meals imports and halted the sale of Chinese language items to 15 American companies. In Mexico, there have been calls for boycotts of U.S. companies and products.

Zelensky provided phrases for a pathway to peace

President Volodymyr Zelensky of Ukraine stated yesterday that he was ready to release Russian prisoners of war, cease long-range drone and missile strikes, and declare a truce at sea instantly — however provided that Russia did the identical.

His feedback on social media got here a day after the U.S. paused navy assist to Ukraine. Zelensky additionally doled out effusive reward for U.S. help of his nation and for Trump in a transparent try and patch up a tattered relationship. A former Biden administration official stated Ukraine had sufficient key munitions to final into the summer time due to deliveries the U.S. made earlier than Trump took workplace. Here’s what to know about the U.S. pause in military aid.

Arab leaders got here up with a plan for Gaza’s future

Arab leaders yesterday endorsed their own vision for Gaza’s postwar future at an emergency summit in Cairo that was held in response to Trump’s plans to “filter” the enclave and switch it into the “Riviera of the Center East.”

An Egyptian proposal referred to as for spending $53 billion to rebuild Gaza, leaving residents in place, beneath the non permanent management of a bunch of technocrats and leaders unaffiliated with Hamas. The leaders of Saudi Arabia and the United Arab Emirates didn’t present for the Cairo summit, elevating questions on whether or not there’s unified Arab help for Egypt’s plan.

Crackdown on militants: The Israeli navy stated yesterday that its forces had killed a Hamas military commander within the metropolis of Jenin within the occupied West Financial institution.


MORE TOP NEWS

A chemical producer in China believes that superb employees are loyal, virtuous and keen to start out a household. If not, they’re fired. Beijing is attempting to reverse falling marriage and birthrates, so some corporations have been doing their half by leaning on their staff.

Such strikes have been criticized as overstepping. Many younger Chinese language reject the traditional idea of family.

Lives lived: James Harrison, a prolific plasma donor whose blood had a uncommon antibody that will have helped hundreds of thousands of infants in Australia, died at 88.

CONVERSATION STARTERS

Subtlety wins structure’s high prize

At 17, Liu Jiakun was despatched to labor within the countryside as a part of China’s “re-education” efforts through the Cultural Revolution. Now 68, he has received structure’s highest honor: the Pritzker Prize.

Liu has constructed greater than 30 tasks in China, usually utilizing native supplies to create understated works that incorporate their environment. His venture “West Village,” in Chengdu, is open but enclosed, with pathways for cyclists and pedestrians and views of the surroundings. Grass is allowed to poke by way of the brick, and naturally occurring bamboo groves present shade.

Read more about his work.

RECOMMENDATIONS

Prepare dinner: This chana masala, which implies spiced chickpeas, requires a easy onion and tomato combination.

Learn: Agustina Bazterrica’s “The Unworthy” presents a dystopian future ravaged by local weather change.



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