U.S. Allies Grope for Response to Trump's Tariff Squeeze
Mexico took Trump's drug-enforcement demands seriously and boosted security measures. The European Union paused retaliation plans to focus on trade talks. Canada hit back with tariffs several months ago before shifting to a more conciliatory approach.
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News24
11 minutes ago
- News24
Trump does U-turn, now promises to send Patriot air defence systems to Ukraine
US President Donald Trump announced he would send Patriot air defence systems to Ukraine. He also hinted at more sanctions on Russia. Trump voiced displeasure at Russian President Vladimir Putin. US President Donald Trump on Sunday said Washington would send Patriot air defence systems to Kyiv and hinted at new sanctions on Russia, once again voicing displeasure with Russian leader Vladimir Putin over Moscow's war in Ukraine. The US president's announcement of the much-needed weapons for Ukraine came after he earlier said he would make a 'major statement... on Russia' on Monday. The announcement could come amid a diplomatic flurry set for Monday, with the US special envoy starting his latest trip to Ukraine and Trump set to meet with NATO Secretary General Mark Rutte in Washington. Moscow's offensive on Ukraine has lasted for more than three years, with attacks intensifying this summer and US-led negotiations so far yielding no results to end the fighting. 'We will send them Patriots, which they desperately need,' Trump said on Sunday, without specifying how many weapons he would send to Ukraine. 'I haven't agreed on the number yet, but they're going to have some because they do need protection,' he told reporters at Joint Base Andrews, as he returned from watching the FIFA Club World Cup final in New Jersey. The White House has U-turned from an announcement earlier this month that it would pause some arms deliveries to Kyiv, instead announcing a new deal which would involve NATO paying the US for some of the weapons it sends to Ukraine. 'We basically are going to send them various pieces of very sophisticated military and they're going to pay us 100% for them,' Trump said. It'll be business for us. Donald Trump Rutte's 10:00 (14:00 GMT) Oval Office meeting will be closed to media, and he is slated to meet with Secretary of State Marco Rubio as well. Earlier this week, President Volodymyr Zelensky said Ukraine was 'close to reaching a multi-level agreement on new Patriot systems and missiles for them'. Trump also repeated that he was 'disappointed' in Putin, as he grows increasingly exasperated with the Russian leader. 'Putin really surprised a lot of people. He talks nice and then he bombs everybody in the evening,' said the disgruntled Trump on Sunday. Kazuhiro Nogi/AFP Last week, Trump accused Putin throwing 'bullshit' at Washington on Ukraine - openly frustrated with the seeming impasse. When he first returned to the White House in January, Trump insisted he could work with the Russian leader to end the war, holding off on hiking sanctions unlike European allies. But Russia has for months refused a ceasefire proposed by the US and Kyiv. Trump has repeatedly voiced displeasure with Putin in recent days, and on Sunday hinted he might finally be ready to toughen sanctions as momentum grows for a deterrent package in Congress. When asked about whether he would announce any sanctions against Russia, Trump responded: 'We're going to see what we will see tomorrow, okay?' and repeated plans to meet with Rutte. Yevhen Titov/NurPhoto via AFP Earlier on Sunday, US senators touted a bipartisan bill that would arm Trump with 'sledgehammer' sanctions to use against Russia. The sanctions bill would allow Trump 'to go after Putin's economy, and all those countries who prop up the Putin war machine', Republican Senator Lindsey Graham told broadcaster CBS news. It 'would give President Trump the ability to impose 500% tariffs on any country that helps Russia,' said Graham, adding that those could include economies that purchase Russian goods like China, India or Brazil. 'This is truly a sledgehammer available to President Trump to end this war,' said Graham. 'Without a doubt, this is exactly the kind of leverage that can bring peace closer and make sure diplomacy is not empty,' Zelensky said about the proposed bill in an X post. Graham and Democratic Senator Richard Blumenthal were also due to meet NATO's Rutte on Monday night. Blumenthal told CBS news they would also discuss the legally thorny issue of unlocking frozen Russian assets in Europe and the US for access by Ukraine. 'The $5 billion that the United States has also could be accessed, and I think it's time to do it,' said Blumenthal.
Yahoo
32 minutes ago
- Yahoo
Blackstone Targets $35 Billion French Telecom Deal--Is Europe the New Private Equity Battlefield?
Blackstone (NYSE:BX) may be eyeing its next big move in Europe and it's coming with telecom muscle. The firm is exploring a potential joint bid for SFR, the French mobile and broadband operator owned by Altice France, in a deal that could be valued as high as 30 billion ($35 billion) including debt. According to people familiar with the matter, Blackstone is holding early talks with possible partners, including SFR's rivals, and is likely to team up given the operational complexity of the target. No offer is guaranteed, but the discussions point to a growing private equity appetite for core infrastructure as valuations reset and sellers seek debt relief. Warning! GuruFocus has detected 4 Warning Signs with BX. This wouldn't be a one-off bet. Just weeks ago, CEO Steve Schwarzman said Blackstone is planning to deploy up to $500 billion in Europe over the next decade citing stronger visibility and rising defense budgets in the region as tailwinds. Amid uncertainty over the U.S. economic trajectory, Europe may be positioning itself as the more stable playground for big capital. Blackstone is clearly putting boots on the ground: Managing Director Mathieu Cransac and Principal Lukas Denizot are both relocating to Paris to help lead the charge. For Patrick Drahi's Altice France, a potential deal could be the next chapter in a years-long debt overhaul. The company recently struck a deal with creditors to cut 8.6 billion of debt around a third of its load while keeping control of SFR. A partial stake sale could help accelerate deleveraging and draw in strategic or financial investors. SFR has already attracted interest from local rivals like Bouygues, Iliad, and Orange, with Middle Eastern buyers also in the mix. Whether Blackstone ends up at the table or not, it's clear one thing: the bidding war for European telecom assets might just be heating up. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
35 minutes ago
- Yahoo
Prime Day is over, but Amazon still has 100s of extended weekend deals — up to $600 off
Amazon Prime Day 2025 has ended, but hundreds of Prime Day-worthy deals are still available to shop on Amazon Canada. Amazon Prime Day wrapped up on Friday, July 10, but the retailer's Deals Store remains stocked with on-sale TVs, Apple devices, kitchen appliances and more. If you missed this year's four-day Prime Day sale or didn't get the chance to buy everything you wanted, you still have an opportunity to shop some of the retailers' leftover Prime Day deals. From vacuum cleaners to smartwatches, keep scrolling to check out 11 items you can still shop, with savings up to $600. Quick shop: Best extended Prime Day deals by category Shop all deals Shop coupon deals Shop computer deals Shop electronics deals Shop beauty deals Shop fashion deals Shop home deals Shop sports & outdoors deals Shop kitchen deals Shop all extended Prime Day deals on Amazon
