Trump Pauses 50% Canada Tariffs as U.S.-Canada Trade Deal Nears
Donald Trump has delayed planned 50% tariffs on nearly $20 billion of Canadian imports for three days as the U.S. and Canada work to finalize a new trade agreement.
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Venezuela to Export Up to $2 Billion in Oil to the U.S. in Landmark Deal With Washington
Venezuela has agreed to export up to $2 billion worth of crude oil to the United States under a new deal with Washington, redirecting shipments from China and reshaping global oil markets.
Trump announces 130% tariffs on China, igniting trade fears
President Donald Trump revealed plans for an additional 100% tariff on Chinese imports, bringing the total tariff to 130%.
Trump Reaches Deal with AstraZeneca to Cut Drug Prices
In a significant development, President Trump announced a new deal with the UK-based pharmaceutical giant AstraZeneca. This agreement aims to make certain prescription medications more affordable for American patients.
Canada Drops Many of Its Retaliatory Tariffs on the U.S.
Canada is rolling back a swath of retaliatory tariffs on U.S. imports effective September 1, lifting the 25% levy on many goods that comply with the existing free trade pact. Ottawa frames the move as a de-escalation ahead of next year’s CUSMA/USMCA review and a way to restart negotiations after a productive call between Prime Minister Mark Carney and President Donald Trump. Key sectors—autos, steel, and aluminum—remain protected with 25% tariffs for now. Consumers should see lower prices on items like orange juice and appliances, while import-reliant small businesses welcome relief. Labor groups and heavy industry, however, warn that maintaining pressure is essential as talks proceed.