Georgia Republican Burt Jones finally enters the 2026 governor's race
Jones joins Attorney General Chris Carr among the top GOP candidates in the race to succeed Gov. Brian Kemp, who can't run again because of term limits. Other Republican candidates who could enter the race include Secretary of State Brad Raffensperger and U.S. Rep. Marjorie Taylor Greene.
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CBC
27 minutes ago
- CBC
Trump and Netanyahu set to meet again Tuesday on Gaza
U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu will meet again on Tuesday afternoon to discuss Gaza as Trump's Middle East envoy said Israel and Hamas were closing their differences on a ceasefire deal. Trump and Netanyahu dined together on Monday at the White House during the Israeli leader's third U.S. visit since the president began his second term. Netanyahu met with Vice-President JD Vance and then visited the U.S. Capitol on Tuesday. Netanyahu told reporters after a meeting with the Republican House of Representatives Speaker Mike Johnson that while he did not think Israel's campaign in the Palestinian enclave was done, negotiators are "certainly working" on a ceasefire. "We have still to finish the job in Gaza, release all our hostages, eliminate and destroy Hamas's military and government capabilities," Netanyahu said. Shortly after Netanyahu spoke, Trump's special envoy to the Middle East, Steve Witkoff, said the issues keeping Israel and Hamas from agreeing had dropped to one from four and he hoped to reach a temporary ceasefire agreement this week. "We are hopeful that by the end of this week, we'll have an agreement that will bring us into a 60-day ceasefire. Ten live hostages will be released. Nine deceased will be released," Witkoff told reporters at a meeting of Trump's cabinet. Netanyahu's plan to return to the White House to see Trump at 4:30 p.m. ET on Tuesday pushed back his meeting with U.S. Senate leaders to Wednesday. The war erupted when Hamas attacked southern Israel on Oct. 7, 2023, killing around 1,200 people and taking 251 hostages, according to Israeli figures. Some 50 hostages remain in Gaza, with 20 believed to be alive. Israel's retaliatory assault on Gaza has killed more than 57,000 Palestinians, according to the enclave's Health Ministry. Most of Gaza's population has been displaced by the war and nearly half a million people are facing famine within months, according to United Nations estimates.
Toronto Sun
33 minutes ago
- Toronto Sun
FINLAYSON: Carney government should recognize that private sector drives Canada's economy
Prime Minister Mark Carney (left) and U.S. President Donald Trump arrive for a photo during the Group of Seven (G7) Summit at the Kananaskis Country Golf Course in Kananaskis, Alta., on June 16, 2025. Photo by GEOFF ROBINS / AFP via Getty Images At the halfway point of what's shaping up to be a turbulent 2025, how is Canada's economy faring? This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account By any measure, the past six months have been a bumpy ride. The Canadian economy lost momentum over much of last year, with economic growth cooling, job creation slowing and the unemployment rate creeping higher. Then, as 2025 began, came the shock of U.S. President Donald Trump's tariffs and, more recently, the outbreak of increased military conflict in the Middle East. Amid these developments, indices of global policy and business uncertainty have risen sharply. This creates a difficult backdrop for Canadian businesses and for the re-elected Liberal government led by Prime Minister Mark Carney. Economic growth in the first quarter of 2025 received a temporary boost from surging cross-border trade as companies in both Canada and the United States sought to 'front-run' the risk of tariffs by increasing purchases of manufactured and semi-finished goods and building up inventories. However, trade flows are now diminishing as higher U.S. and Canadian tariffs come into effect in some sectors and are threatened in others. Meanwhile, consumer confidence has plunged, household spending has softened, housing markets across most of Canada are in a funk and companies are pausing investments until there's greater clarity on the future of the Canada-U.S. trade relationship. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Some forecasters believe a recession will unfold over the second and third quarters of 2025, as the Canadian economy absorbs a mix of internal and external blows, before rebounding modestly in 2026. For this year, average economic growth (after inflation) is unlikely to exceed 1%, down from 1.6% in 2024. The unemployment rate is expected to tick higher over the next 12-18 months. Housing starts are on track to drop, notwithstanding a rhetorical political commitment to boost housing supply in Ottawa and several provincial capitals. And business investment is poised to decline further or, at best, remain flat, continuing the pattern seen throughout the Justin Trudeau era. Even this underwhelming forecast is premised on the assumption that ongoing trade tensions with the U.S. don't spiral out of control. This advertisement has not loaded yet, but your article continues below. How should Canadian policymakers respond to this unsettled economic picture? We do not face a hit to the economy remotely equivalent to that generated by the COVID pandemic in 2020-21, so there's no argument for additional deficit-financed spending by governments, particularly when public debt already has been on a tear. For the Carney government, the top priority must be to lessen uncertainty around Canada-U.S. trade and mitigate the threat of sweeping tariffs as quickly as possible. Until this is accomplished, the economic outlook will remain dire. A second priority is to improve the 'hosting conditions' for business growth in Canada after almost a decade of stagnant living standards and chronically weak private-sector investment. This will require significant reforms to current taxation, regulatory and project assessment policies aimed at making Canada a more attractive location for companies, investors and entrepreneurs. This advertisement has not loaded yet, but your article continues below. An important lesson of the Trudeau era is that economic prosperity cannot be built on the back of an expanding government sector, higher deficits and ever-greater political tinkering with the economy. It's time for something different. Policymakers must recognize that Canada is a largely market-based economy where the private sector, rather than government, is responsible for the bulk of production, employment, investment, innovation and exports. This insight should inform the design and delivery of economic policymaking going forward. Jock Finlayson is a senior fellow at the Fraser Institute Canada Toronto Blue Jays Canada Sunshine Girls Crime
Winnipeg Free Press
34 minutes ago
- Winnipeg Free Press
Trump's previous tariffs terrified the world economy. He's betting this time is different
WASHINGTON (AP) — When President Donald Trump last rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged. Only three months later, he's betting this time is different. In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that import taxes will deliver factory jobs and stronger growth in the U.S., rather than the inflation and slowdown predicted by many economists. On Tuesday, he told his Cabinet that past presidents who hadn't aggressively deployed tariffs were 'stupid.' Ever the salesman, Trump added that it was 'too time-consuming' to try to negotiate trade deals with the rest of the world, so it was just easier to send them letters, as he's doing this week, that list the tariff rates on their goods. The letters marked a change from his self-proclaimed April 2 'Liberation Day' event at the White House, where he had posterboards with the rates displayed, a choice that led to a brief market meltdown and the 90-day negotiating period with baseline 10% tariffs that will end Wednesday. Trump, instead, chose to send form letters with random capitalizations and punctuation and other formatting issues. 'It's a better way,' Trump said of his letters. 'It's a more powerful way. And we send them a letter. You read the letter. I think it was well crafted. And, mostly it's just a little number in there: You'll pay 25%, 35%. We have some of at 60, 70.' When Trump said those words, he had yet to issue a letter with a tariff rate higher than 40%, which he levied Monday on Laos and Myanmar. He plans to put 25% tariffs on Japan and South Korea, two major trading partners and allies deemed crucial for curbing China's economic influence. Leaders of the 14 countries tariffed so far hope to negotiate over the next three weeks before the higher rates are charged on imports. 'I would say that every case I'm treating them better than they treated us over the years,' Trump said. Three possible outcomes His approach is at odds with how major trade agreements have been produced over the last half-century, detailed sessions that could sometimes take years to solve complex differences between nations. There are three possible outcomes to this political and economic wager, each of which could drastically reshape international affairs and Trump's legacy. Trump could prove most economic experts wrong and the tariffs could deliver growth as promised. Or he could retreat again on tariffs before their Aug. 1 start in a repeat of the 'Trump Always Chickens Out' phenomenon, also known as TACO. Or he could damage the economy in ways that could boomerang against the communities that helped return him to the White House last year, as well as hurt countries that are put at a financial disadvantage by the tariffs. Sen. Ron Wyden, D-Ore., said Trump's letters had 'extended his tariff purgatory for another month,' essentially freezing in place the U.S. economy as CEOs, foreign leaders and consumers are unclear of Trump's actual strategy on foreign trade. 'The TACO negotiating tactic pioneered by Trump is making his threats less and less credible and reducing our trading partners' willingness to even meet us halfway,' Wyden said. 'There's no sign that he's any closer to striking durable trade deals that would actually help American workers and businesses.' So far, the stock and bond markets are relatively calm, with the S&P 500 stock index essentially flat Tuesday after a Monday decline. Trump is coming off a legislative win with his multitrillion-dollar income tax cuts. And he's confidently levying tariffs at levels that previously rocked global markets, buoyed by the fact that inflation has eased so far instead of accelerating as many economists and Democratic rivals had warned. 'By floating tariffs as high as 40% to even 100%, the administration has 'normalized' the 25% tariff hikes — yet this is still one of the most aggressive and disruptive tariff moves in modern history,' said Wendong Zhang, an economist at Cornell University. 'This gradual unveiling, paradoxically, risks normalizing what would otherwise be considered exceptionally large tariff hikes.' Questions about how much money tariffs will generate With Trump's 90-day tariff negotiation period ending, he has so far sent letters to 14 countries that place taxes on imported goods ranging from 25% to 40%. He said he would sign an order Tuesday to place 50% tariffs on copper and said at the Cabinet meeting that at some point pharmaceutical drugs could face tariffs of as much as 200%. All of that is on top of his existing 50% tariffs on steel and aluminum, 25% tariffs on autos and his separate import taxes on Canada, Mexico and China. 'The obvious inference is that markets for now are somewhat skeptical that Trump will go through with it, or alternatively they think compromises will be reached,' said Ben May, a director of global economic research at the consultancy Oxford Economics. 'That's probably the key element.' May said the tariffs are likely to reduce the growth in U.S. household incomes, but not cause those incomes to shrink outright. Trump has said his tariffs would close U.S. trade imbalances, though it's unclear why he would target nations such as Tunisia that do relatively little trade with America. Administration officials say trillions of dollars in tariff revenues over the next decade would help offset the revenue losses from the continuation and expansion of his 2017 tax cuts that were signed into law Friday. Monday Mornings The latest local business news and a lookahead to the coming week. The federal government has collected $98.2 billion in tariff revenues so far this year, more than double what it collected last year, according to the Bipartisan Policy Center. At Tuesday's Cabinet meeting, Treasury Secretary Scott Bessent said the tariff revenues could be 'well over $300 billion by the end of the year.' Bessent added that 'we don't agree' with the Congressional Budget Office estimate that tariffs would bring in $2.8 trillion over 10 years, 'which we think is probably low.' The governments of Japan, South Korea, Malaysia, Myanmar, Thailand, Cambodia and South Africa have each said they hope for further negotiations on tariffs with Trump, though it's unclear how that's possible as Trump has said it would be too 'complicated' to hold all those meetings. Instead on Tuesday, Trump posted on social media that the tariffs would be charged as scheduled starting Aug. 1. 'There has been no change to this date, and there will be no change,' Trump said on Truth Social. 'No extensions will be granted. Thank you for your attention to this matter!'
