Wickens to drive feature race at home seven years after crash left him paralyzed
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Globe and Mail
5 hours ago
- Globe and Mail
Trump announces Japan trade deal, lowers threatened tariff to 15%
U.S. President Donald Trump announced a trade framework with Japan on Tuesday, placing a 15-per-cent tax on goods imported from that nation. 'This Deal will create Hundreds of Thousands of Jobs – There has never been anything like it,' Trump posted on Truth Social, adding that the United States 'will continue to always have a great relationship with the Country of Japan.' The President said Japan would invest 'at my direction' US$550-billion into the U.S. and would 'open' its economy to American autos and rice. The 15-per-cent tax on imported Japanese goods is a meaningful drop from the 25-per-cent rate that Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting Aug. 1. With the announcement, Trump is seeking to tout his ability as a dealmaker – even as his tariffs when initially announced in early April led to a market panic and fears of slower growth that for the moment appear to have subsided. Key details remained unclear from his post, such as whether Japanese-built autos would face a higher 25-per-cent tariff that Trump imposed on the sector. Tony Keller: Trump's trade policy is completely nonsensical, and entirely clear But the framework fits a growing pattern for Trump, who is eager to portray the tariffs as win for the U.S. His administration says the revenues will help reduce the budget deficit and more factories will relocate to America to avoid the import taxes and cause trade imbalances to disappear. But the wave of tariffs continues to be a source of uncertainty about whether it could lead to higher prices for consumers and businesses if companies simply pass along the costs. The problem was seen sharply Tuesday after General Motors reported a 35-per-cent drop in its net income during the second quarter as it warned that tariffs would hit its business in the months ahead, causing its stock to tumble. As the Aug. 1 deadline for the tariff rates in his letters to world leaders is approaching, Trump also announced a trade framework with the Philippines that would impose a tariff of 19 per cent on its goods while American-made products would face no import taxes. The president also reaffirmed his 19-per-cent tariffs on Indonesia. The U.S. ran a US$69.4-billion trade imbalance on goods with Japan last year, according to the Census Bureau. America had a trade imbalance of US$17.9-billion with Indonesia and an imbalance of US$4.9-billion with the Philippines. Both nations are less affluent than the U.S. and an imbalance means America imports more from those countries than it exports to them. The countries that received Trump's tariff letters – and where things stand now The President is set to impose the broad tariffs listed in his recent letters to other world leaders on Aug. 1, raising questions of whether there will be any breakthrough in talks with the European Union. At a Tuesday dinner, Trump said the EU would be in Washington on Wednesday for trade talks. 'We have Europe coming in tomorrow, the next day,' Trump told guests. The president earlier this month sent a letter threatening the 27 member states in the EU with 30-per-cent taxes on their goods to be imposed starting on Aug. 1. The Trump administration has a separate negotiating period with China that is currently set to run through Aug. 12 as goods from that nation are taxed at an additional 30-per-cent baseline. Treasury Secretary Scott Bessent said he would be in the Swedish capital of Stockholm next Monday and Tuesday to meet with his Chinese counterparts. Bessent said his goal is to shift the American economy away from consumption and to enable more consumer spending in the manufacturing-heavy Chinese economy. 'President Trump is remaking the U.S. into a manufacturing economy,' Bessent said on the Fox Business Network show 'Mornings with Maria.' 'If we could do that together, we do more manufacturing, they do more consumption. That would be a home run for the global economy.'
National Post
7 hours ago
- National Post
Royals starter Rich Hill ties record by pitching for 14th MLB team
CHICAGO — Rich Hill became the oldest active player in baseball when he started against the Cubs in Chicago on Tuesday night after the Kansas City Royals selected the 45-year-old from triple-A Omaha. Article content In corresponding moves, the Royals optioned right-hander Andrew Hoffman to Omaha and designated outfielder Tyler Gentry for assignment. Article content Article content Hill's start at Wrigley Field marked the debut of his 21st season in the majors and his first with Kansas City. The Royals are his 14th major-league team, matching Edwin Jackson's record. Article content Hill became the oldest player to start a major-league game since May 27, 2012, when lefty Jamie Moyer tossed his final game with Colorado at age 49. Article content Royals manager Matt Quatraro said there was no pitch-count limitation on Hill, noting the left-hander was 'built up' and had been in the 90-pitch range at Omaha. Article content 'Well, it speaks to his drive, right?' Quatraro said. 'He's played this game forever and clearly he's not doing it for the money or being a big leaguer. He's doing it because he loves it and because he can still be good at it.' Article content Article content At 45 years and 133 days, Hill became the oldest player in Royals history, passing Hall-of-Fame right-hander Gaylord Perry, who appeared in two games with Kansas City in 1983 after he turned 45. Article content The 6-foot-5 Hill began his career with the Cubs, making his big-league debut with a one-inning relief appearance against the Florida Marlins on June 15, 2005. He gave up two runs and three hits. Article content Hill had been at Omaha after signing a minor-league free-agent deal with the Royals in May. He was 4-4 with a 5.36 ERA in nine starts at Omaha. Article content He made 11 postseason starts during his four years with the Los Angeles Dodgers, including two World Series starts in 2017 and another in 2018. He went 11-5 during the latter regular season. Article content
National Post
8 hours ago
- National Post
Contract squabbles galore as NFL teams kick off training camp
Contract squabbles. Quarterback competitions. Comeback quests. Article content Those will be just a few of the storylines to watch during NFL training camp. When the Pittsburgh Steelers and Atlanta Falcons report on Wednesday, all 32 teams will be ready to go. Article content Article content Each one is 0-0 and can dream about winning the Super Bowl. It's a much more realistic thought for some teams than others. Still, it's a long road that requires key players staying healthy, plenty of luck and exceptional performances in the biggest moments. Article content Article content Here are five of the most compelling storylines to watch: Article content Contract issues Article content Micah Parsons is going to become the highest-paid non-quarterback in NFL history because Jerry Jones and the Dallas Cowboys have waited to give the two-time All-Pro a contract extension. Last year, Jones made Dak Prescott the league's first $60-million man. Article content How long will it take to get the deal done? Will it impact Parsons' participation in practice? Article content All-Pro edge rusher Trey Hendrickson wants a new contract from the Cincinnati Bengals, who also haven't signed first-round pick Shemar Stewart. The Bengals are holding their ground. Something has to give if they want to compete for a championship because their defence needs the help. Article content Commanders wide receiver Terry McLaurin also is seeking an extension. Washington, which lost to the Eagles in the NFC title game, acquired Deebo Samuel and reworked his contract. They'll want McLaurin on board to make the offence even more dynamic. Article content Article content Quarterback battles Article content Article content The Cleveland Browns have used 40 starting quarterbacks since 1999. That number will increase by Week 1 unless veteran Joe Flacco wins a four-way competition against Kenny Pickett and rookies Dillon Gabriel and Shedeur Sanders. Article content Flacco, the Super Bowl 47 MVP, was the AP NFL Comeback Player of the Year when he led the Browns to the playoffs in 2023. He's the favourite going into camp. Article content The Indianapolis Colts brought in veteran Daniel Jones to battle Anthony Richardson, the No. 4 overall pick in 2023 who has been injured often and has a lingering shoulder problem. Article content Rookie Tyler Shough, second-year pro Spencer Rattler and unproved Jake Haener will compete to replace Derek Carr, who retired after two seasons in New Orleans. Article content The New York Giants signed Russell Wilson and Jameis Winston in free agency and then traded up to get Jaxson Dart in the first round. General manager Joe Schoen and coach Brian Daboll are in win-now mode so whichever quarterback gives them the best chance to compete in a difficult NFC East will get the job.
