What to expect ahead of Canada, Mexico trade talks
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CTV News
a minute ago
- CTV News
Trump threatens to ‘substantially' raise tariffs on Indian goods as it continues to buy Russian oil
Oil tanker trucks are pictured outside an oil refinery operated by Bharat Petroleum Corp. Ltd., in Mumbai, India, on April 4, 2025. (Dhiraj Singh/Bloomberg/Getty Images via CNN Newsource) U.S. President Donald Trump said on Monday that he will 'substantially' raise tariffs on India because it's still buying Russian oil. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,' the president posted on his social media network, Truth Social. 'Because of this, I will be substantially raising the Tariff paid by India to the USA.' But India pushed back, saying it is being unfairly targeted by the United States and European Union for importing oil from Russia. Tariffs are taxes directly paid by importers, though countries exporting goods could indirectly get harmed, as higher prices tend to drive demand down, leading countries to buy more from other countries with lower tariffs or to increase domestic production. Last week, Trump threatened a minimum 25 per cent tariff on goods coming from India, set to take effect at the end of this week. Indian goods are currently subject to a 10 per cent minimum rate. Trump did not specify what new tariff rate goods from India could be charged if it continues to purchase Russian oil. The Indian Ministry of External Affairs said the country began importing from Russia because traditional supplies were diverted to Europe after the start of Russia's war on Ukraine. 'India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by (the) global market situation,' a statement posted on social media from the ministry's spokesperson Randhir Jaiswal read. India said both the U.S. and the EU were also 'indulging in trade with Russia.' 'In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' the statement said. The Kremlin has also denounced the U.S. plan to raise tariffs on Indian imports. 'We hear many statements that are in fact threats, attempts to force countries to stop their trade relations with Russia,' Kremlin spokesman Dmitry Peskov told reporters Tuesday. 'We do not consider such statements legal. We believe that sovereign countries should have – and do have – the right to choose their own trading partners.' Trump's tariff threat comes as he's upped the pressure on Russia's Vladimir Putin to reach a ceasefire with Ukraine within days, shortening his prior deadline. By Elisabeth Buchwald, Michael Rios, CNN Anna Chernova contributed reporting.
National Post
a minute ago
- National Post
FIRST READING: Mark Carney is pleasing old people and basically nobody else
First Reading is a Canadian politics newsletter curated by the National Post's own Tristin Hopper. To get an early version sent directly to your inbox, sign up here. Article content Three months after the federal election, Prime Minister Mark Carney remains smack dab in the middle of his honeymoon period. Article content An approval rating of 61 per cent. Satisfaction with the government is at highs not seen since the first term of Justin Trudeau. Some polls have Carney's Liberals enjoying a 10-point lead over the Conservatives. Article content Article content In that cohort, 56 per cent of respondents favoured the Liberals against just 28 per cent prepared to vote Conservative. Article content This continues to make Canada the only Western democracy in which the usual demographics of political leanings have been flipped on their head. Article content Everywhere from the U.K. to Germany to the United States, young people continue to favour left-wing parties while old people favour right-wing parties. Article content In the recent Australian general elections, held just a week after Canada's, the left-wing Labor Party won a surprise victory by sweeping constituencies disproportionately populated by younger voters. Article content Some of Canada's peer countries may have conservative parties that are gaining support among young people, or are doing better than usual among younger cohorts. But Canada remains the outlier as a place in which the average 25-year-old is more likely to vote conservative than the average 65-year-old. Article content During the April federal election, in fact, voters in their 20s consistently emerged as one of the strongest single cohorts showing support for the Conservatives. Article content In one of the most surprising manifestations of the trend, a straw poll held among Canadian high school students ended up delivering a result that was more conservative than the general electorate. If it had been up to teenagers, Canada would have had a Conservative minority government. Article content The final days of the election also featured the equally bizarre spectacle of Conservative ads specifically targeting old white men in an attempt to arrest that cohort's stampede to the Carney Liberals.
National Post
a minute ago
- National Post
Vecima to Highlight Efficient, AI-powered Video Streaming and Innovative Monetization Solutions at IBC 2025
Article content VICTORIA, British Columbia — Vecima Networks Inc. (TSX: VCM) today announced its MediaScale™ solution line-up for IBC 2025 in Amsterdam, highlighting multiple video industry innovations, including KeyFrame and MediaScale Open CDN. Article content The KeyFrame Media Optimization solution enables Content Providers to elevate video quality using real-time generative AI while simultaneously reducing bitrates. This patented technology not only continues to ensure true 1080p and 4K resolution but also features advanced capabilities such as denoising and artifact removal, spatial and temporal anti-aliasing, and artifact-free upscaling. In addition, it can significantly reduce bitrates, resulting in efficiencies in both storage and transmission. Article content Blue Stream Fiber Article content , Florida's fastest-growing fiber-optic telecommunications provider, recently announced its deployment of KeyFrame to enhance the video quality streaming experience for subscribers of its Blue Stream Fiber TV service. Article content With the MediaScale Open CDN solution, Content Providers can improve video streaming quality and cut public CDN costs, and Broadband Service Providers can reduce streaming congestion and monetize the content they're already delivering. Open CDN delivers video streaming at the highest available bitrates, with reduced rebuffering, while providing the lowest cost of ownership available. The subscriber's viewing experience is improved significantly since the content is cached deep inside the operator's network ― much closer to the subscriber than is currently possible using public CDNs. Article content Vecima's existing edge caching technology currently enables a broad set of operators around the world to deliver high-quality IP video content to millions of subscribers. Through the application of Open Caching technology, this large cache footprint can be used to bring significant value to content providers and improve customer satisfaction to millions of video subscribers. Article content Article content Broadband Service Providers gain control over content by supporting content rights, blackouts, and advertising. By manipulating content at the edge of the network, operators can deliver more efficient, personalized video content and more opportunities to monetize that content with targeted, high-value ads. Article content 'Vecima's MediaScale platform is used by operators around the world and continues to be the model for reliable, flexible, and simplified video streaming,' said Paul Strickland, Vice President and General Manager, Vecima Content Delivery & Storage. 'We're helping content owners and service providers alike reduce churn, drive greater revenues, and increase subscriber satisfaction with our comprehensive platform of video delivery solutions.' Article content Visit Vecima at IBC 2025, September 12-15, at the RAI in Amsterdam Article content Stand B15 in Hall 1 Article content About Vecima Networks Article content Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multigigabit, content-rich networks of the future. Our talented people deliver future-ready software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. Learn more at Article content This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding Vecima's business strategies and objectives, and the anticipated benefits, performance, capabilities, availability or adoption of its products and services. Such statements reflect current expectations and assumptions about future events and are subject to risks and uncertainties. Vecima undertakes no obligation to update any forward-looking statements unless required by law. Article content Article content
