How America Has Aided the Ayatollahs' Drone Industry
The consequences of years of flawed U.S. policies are greater than we think.
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Business Insider
29 minutes ago
- Business Insider
Analysts Are Bullish on Top Healthcare Stocks: Neurogene (NGNE), Cogent Biosciences (COGT)
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Hamilton Spectator
29 minutes ago
- Hamilton Spectator
CUSMA-compliant goods exempt from Trump's 35% trade threat to Canada, White House says
As he reframes his country's trade relationship with the rest of the world, U.S. president Donald Trump is once again turning to some of his favourite tactics: chaos, bluster and uncertainty. A day after Trump fired off a letter to Prime Minister Mark Carney threatening to impose a 35-per-cent tariff on imports from Canada, Trump and some of his White House officials muddied the waters, suggesting that there'd be an exception for goods which comply with the Canada-U.S.-Mexico Agreement on trade. Canadian officials weren't so sure. That lack of clarity is precisely the point of Trump's latest threat, said international trade lawyer John Boscariol. 'I think the goal here is more bluster and chaos on the Trump side during the negotiation process,' said Boscariol, head of the trade law group at McCarthy Tétrault. 'By now, we're starting to recognize a pattern where these missiles are sent during discussions and there's an immediate reaction.' Trump said in a letter to Prime Minister Mark Carney Thursday that Canadian imports would face a 35-per-cent tariff as of Aug. 1 if no trade agreement is reached. Carney had initially been hoping for a deal by July 21. A White House official later suggested that the new tariff would only apply to goods that already face a 25-per-cent rate. That means goods that comply with the Canada-U.S.-Mexico Agreement would avoid the levy, as would energy and potash imports, which face a 10-per-cent rate. The official also said no final policy paper has been drafted and Trump has not yet made a final decision. The new tariff is an increase to the top 25% tariff rates that Trump first imposed in March after months of threats. Trump's tariffs were allegedly in an effort to get Canada to crack down on fentanyl smuggling despite the relatively modest trafficking in the drug from that country. (Produced by Luke Garratt / AP Video / July 11, 2025) A Canadian government official told the Star Friday it was still unclear which goods the 35-per-cent tariff rate would actually apply to. The new trade deadline means Canada will not double its existing 25-per-cent retaliatory tariffs on American steel and aluminum by July 21, the official confirmed. Trump's goal is to create leverage for his negotiators, Boscariol added. 'He announces something. It's not clear exactly how it applies or what it applies to. He lets it hang out there for a while,' said Boscariol. 'I think Canadian negotiators should keep their heads down and ignore the noise.' It's also clear, based on Trump's letters to other countries this week, that he hopes to use trade negotiations to extract non-trade goals, said Boscariol, pointing to Trump's letter to current Brazilian president Luiz Inácio Lula da Silva, which blasted criminal charges against Lula's predecessor and Trump ally Jair Bolsonaro. That makes it harder, said Boscariol, for negotiators to find a coherent way to approach negotiations when the goals aren't precisely clear. Seeing the leader of the world's largest economy use trade talks as a goal to extract non-trade concessions is a new, chaotic path, Boscariol said. 'This just seems to be pure chaos. It seems to change depending on what his interests might be. Sometimes it's trade-related, sometimes it's something else. I think this is unprecedented,' said Boscariol. In the case of Canada, Trump accused Ottawa in his letter to Carney of failing to prevent fentanyl from crossing the border, saying he would 'consider an adjustment' to his tariffs if Canada works with him on the issue. That's despite Canada being a minor source of the fentanyl going into the U.S., data has shown. William Pellerin, an international trade lawyer at McMillan LLP, said it appears Trump is seeking further concessions on Canada's supply management system, even though the Carney government has said it is off the table in negotiations. Industry Minister Mélanie Joly says Canada intends to continue to apply pressure on the U.S. at the negotiating table as U.S. President Donald Trump threatens 35 per cent tariffs after Aug. 1, the deadline for a new economic and security partnership between the two countries. (July 11, 2025 / The Canadian Press) 'If the tariffs go in place and the Canadian auto industry and steel industry begin massive layoffs, for example, and the tariff situation is not getting better, then maybe that changes the equation,' Pellerin told the Star. But putting too much emphasis on whether or not CUSMA exemptions will apply could wind up backfiring, said Matthew Holmes, public policy chief at the Canadian Chamber of Commerce. 'I don't think it helps Canada in any way to assume that CUSMA will protect us. There's nothing in this process that I trust at all. It's a risk,' said Holmes. Trump's letter to Carney makes it clear the U.S. president is aiming for maximum chaos and leverage, Holmes said. 'The 35 per cent is there unless it's not there. Or maybe if he decides we're doing something on fentanyl,' said Holmes. 'Like everything throughout this whole process, it's arbitrary and subject to the whims of one man. The only thing of substance in this letter is that it pushed out the deadline to Aug. 1.' The head of Canada's largest private sector union blasted the 35-per-cent tariff threat. 'There's only one answer to this extortion from the U.S. president: push back — hard,' Unifor national president Lana Payne said. 'Trump's playbook is clear, implement and threaten sky-high tariffs to condition us into accepting a lower baseline tariff as the new normal. We must never fall for it.' Speaking to reporters outside the White House on Friday, Trump said he had a conversation with Canadian officials on Thursday but offered no new details. 'We're gonna see. It was sent yesterday. They called. I think it was fairly well-received,' he said. Carney's office said Friday that the PM will be convening his cabinet for a meeting Tuesday to discuss the negotiations between the two countries ahead of the revised Aug. 1 deadline. He's also holding a meeting with all premiers on July 22. Canada also faces additional U.S. tariffs on steel, aluminum and automobiles, as well as a U.S. plan to introduce tariffs on copper on Aug. 1. At Queen's Park, Premier Doug Ford's office said Trump's latest threatened escalation puts more pressure on Ottawa. 'Now more than ever, we need the federal government to work around the clock to secure a deal that is right for Canada and eliminates all American tariffs,' Ford's office said Friday. With files from Robert Benzie and Star wires
New York Post
34 minutes ago
- New York Post
Putin backs ‘zero enrichment' for Iran's nuclear capabilities: Report
Russian strongman Vladimir Putin backs a nuclear deal with Iran in which the country is unable to enrich uranium. Putin privately communicated his stance to President Trump and Iranian officials, sources told Axios. Iran has long insisted it should retain the ability to enrich uranium, while both the US and Israel have demanded the Islamic Republic completely abandon its enrichment capabilities — the biggest hurdle in striking a deal. Advertisement 'Putin would support zero enrichment. He encouraged the Iranians to work towards that in order to make negotiations with the Americans more favorable. The Iranians said they won't consider it,' one European official with direct knowledge of the issue told Axios. 3 Putin has reportedly told both the US and Iran in private that a deal should not allow Tehran to enrich uranium. MIKHAIL METZEL/SPUTNIK/KREMLIN/POOL/EPA/Shutterstock Iran rejected such limitations. Advertisement 'In any negotiated solution, the rights of the Iranian people on the nuclear issue, including the right to enrichment, must be respected,' Iranian Foreign Minister Abbas Araghchi told diplomats in Tehran Saturday. 'We will not have any agreement in which enrichment is not included.' 3 Iranian Foreign Minister Abbas Araqchi said Saturday Iran has a right to enrichment. via REUTERS Russia walks a diplomatic tightrope in the Middle East, maintaining warm relations with Israel even as it deepens military and economic cooperation with Iran. Advertisement The reports stand in stark contrast to the views the Kremlin has adopted publicly as Iran's main backer on the nuclear issue. No later than this week, Moscow's top diplomat said Russia was ready to refill Iran's depleted uranium stocks. And last month, Putin said he had sent 200 Russian experts to work at an Iranian nuclear plant. 3 Tehran and Washington had been engaged in talks since April, but those were disrupted by the attacks. Getty Images Tehran and Washington had been engaged in talks since April, but those efforts were disrupted when Israel launched a surprise June 13 attack on Iran's nuclear facilities, just two days before a planned meeting in Oman, and 61 days after US President Donald Trump set a 60-day deadline for talks. Advertisement Araghchi meanwhile, says Tehran is open to new talks on a deal. 'We are examining its timing, its location, its form, its ingredients, the assurances it requires' he said. With wires
