Kratsios: US Is Exploring Ways to Track Flow of AI Chips
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Finance and foreign ministers in Mexico to talk trade ahead of Carney's visit
OTTAWA — Foreign Affairs Minister Anita Anand and Finance Minister François-Philippe Champagne are in Mexico to meet with President Claudia Sheinbaum to talk economic growth, trade and security. Their trip is happening ahead of Prime Minister Mark Carney's planned visit to Mexico to meet with Sheinbaum. The U.S. hit Canada on Friday with a 35 per cent tariff on goods not compliant with the Canada-United States-Mexico agreement on trade, known as CUSMA, while Mexico received a 90-day reprieve from threatened higher levies. CUSMA is scheduled for a mandatory review next year. Ontario Premier Doug Ford called last year for a bilateral trade deal between Canada and the United States because he said Mexico was serving as a back door for Chinese auto parts and vehicles entering the North American market. Anand and Champagne will also meet with Canadian and Mexican business leaders during the two-day trip. This report by The Canadian Press was first published Aug. 5, 2025. David Baxter, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump's Copper Tariffs Apply to $15 Billion of Products So Far
(Bloomberg) -- US President Donald Trump's first wave of copper tariffs will hit imports valued at more than $15 billion last year, highlighting the potential inflationary impact on American manufacturers. PATH Train Service Resumes After Fire at Jersey City Station Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole All Hail the Humble Speed Hump The unveiling of 50% import duties sparked turmoil in the global copper market last week — including a record slump for US futures — because Trump handed a surprise exemption to key forms of the wiring metal. But that still leaves significant trade volumes subject to tariffs. On Monday, the US Federal Register published a list of exactly what will fall under the 50% levy. It includes semi-processed products — like wires, tubes and rods — worth $7.7 billion last year, plus cabling typically used for phone or internet connections with almost the same value, according to Bloomberg News calculations. And it doesn't stop there. The White House ordered officials to come up with a plan in 90 days to slap tariffs on an array of other copper-intensive manufactured goods. Trump dramatically expanded the scope of US aluminum and steel tariffs earlier this year by adding derivative products. The US copper market is scrambling to understand the implications of Trump's tariffs, which the president said will help boost domestic output of semi-processed and copper-containing products. He stopped short of tariffs on refined metal — an omission that shocked investors but reflects deep US reliance on imports and a pushback by key American buyers, who feared the duties would drive up costs significantly. Still, the US took in at least 600,000 tons of semi-finished copper last year, according to the US International Trade Commission, in addition to about 900,000 tons of refined copper that has been spared from the levies. The latter was worth about $8.4 billion. Tariffs will be levied according to the value of the copper content. That means the 'semis' that are almost pure copper will attract a much higher effective duty than, say, internet cables where the copper wiring is only a part of the product. AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Russia's Secret War and the Plot to Kill a German CEO Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech How Podcast-Obsessed Tech Investors Made a New Media Industry ©2025 Bloomberg L.P.
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US agency approves OpenAI, Google, Anthropic for federal AI vendor list
WASHINGTON (Reuters) -The U.S. government's central purchasing arm on Tuesday added OpenAI's ChatGPT, Google's Gemini and Anthropic's Claude to a list of approved artificial intelligence vendors to speed use by government agencies. The move by the General Services Administration, allows the federal government advance adoption of AI tools by making them available for government agencies through a platform with contract terms in place. GSA said approved AI providers "are committed to responsible use and compliance with federal standards." Sign in to access your portfolio
