Latest news with #non-U.S.
an hour ago
- Automotive
Here's a timeline of Trump's tariffs on Canada
It's down to the wire on U.S. President Donald Trump's threat to raise his tariff on Canadian goods entering the United States to 35 per cent, up from the 25 per cent rate that he imposed soon after taking office. Trump set Aug. 1 as the deadline for Canada to reach a trade deal or face the tariff increase. Here's a brief timeline of the key tariffs on Canada. Feb. 1 Trump signs an executive order (new window) levying tariffs on Canadian exports to the U.S. at 25 per cent on all products, except energy, critical minerals and potash, which are hit with a rate of 10 per cent. The order justifies the tariffs as a way to address the flow of illicit drugs across our northern border, citing fentanyl as a threat to national security. Trump later announces the tariffs will take effect March 4 (new window) . WATCH | What a trade war with the U.S. would mean for Canada: March 6 Just two days after Trump's tariffs on Canada come into force, Trump amends his executive order (new window) , giving an exemption for products that comply with the terms of the Canada-U.S.-Mexico Agreement (CUSMA). The exemption covers nearly 90 per cent (new window) of Canadian exports to the U.S., which means the vast bulk of products can cross the border tariff-free. Trump pausing tariffs on some Canadian goods until April 2 (new window) WATCH | What you need to know about Trump's tariffs on Canada: April 29 After threatening to impose a 25 per cent tariff on automobiles and auto parts from outside the U.S., Trump waters down (new window) the levy, so it only applies to parts that aren't CUSMA-compliant (new window) and the non-U.S. portion of assembled vehicles. Still, the tariffs have an impact on Canada's auto sector and bite into the profits of North American automakers. WATCH | Here's where things stand with Trump's auto tariffs: May 6 Prime Minister Mark Carney, just days after leading his Liberal Party to a minority election win, meets Trump at the White House. Carney presses Canada's case for the removal of tariffs, and while Trump speaks highly of his guest, the president gives no sign he's changing his mind on the issue. WATCH | How Carney reacts to Trump's 'never say never' comments: June 3 Separately from the tariffs on Canadian goods, Trump doubles his tariff on steel and aluminum imports from all countries, to 50 per cent. Canada is the top supplier of both products to the U.S. WATCH | How Canada's steel producers are reacting to Trump's latest tariff threat: July 10 Trump threatens in a letter posted on his Truth Social platform (new window) to boost the tariff on Canadian goods to 35 per cent, effective Aug. 1. If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter, Trump writes. WATCH | Here's what a deal by Trump's deadline could cost Canada: July 11 Goods that comply with CUSMA will continue to be exempt from the tariff even if the rate rises on Aug. 1, according to a White House official. WATCH | Why most Canadian exports still get into the U.S. tariff-free: July 25 One day after Canada's top negotiators downplay the prospects of getting a deal by Trump's deadline, the U.S. president also throws cold water on Canada's chances. We haven't really had a lot of luck with Canada, he tells reporters at the White House. I think Canada could be one [country] where there's just a tariff, not really a negotiation. U.S. and Canada might not reach trade deal, Trump says (new window) WATCH | 'We haven't really had a lot of luck with Canada,' Trump says: July 30 Prime Minister Mark Carney says Canada's negotiating team is back in Washington for trade talks but gives his clearest indication yet that Canada might not land a deal by Trump's Aug. 1 deadline. Then shortly after midnight, Trump posted on his Truth Social platform (new window) , Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. WATCH | As Trump's deadline nears, Carney says deal may not happen in time: Mike Crawley (new window) · CBC News · Senior reporter Mike Crawley has covered Ontario politics for CBC News since 2009. He began his career as a newspaper reporter in B.C., spent six years as a freelance journalist in various parts of Africa, then joined the CBC in 2005. Mike was born and raised in Saint John, N.B. Follow Mike Crawley on Twitter (new window)
Business Upturn
4 hours ago
- Business
- Business Upturn
From Idea to Impact in Hours: EarlyBirds Launches the Innovation Navigator for Startups and Scaleups
San Francisco, July 31, 2025 (GLOBE NEWSWIRE) — EarlyBirds, the world's largest open innovation intelligence platform, today announced the launch of the EarlyBirds Innovation Navigator, a powerful new tool designed to help startups and scaleups move from vision to execution with a personalized, data-driven innovation roadmap in just hours. For founders and growth-stage leaders, innovation often feels like navigating in the dark—trying to find product-market fit, scale operations, and anticipate competitors in a constantly shifting landscape. The EarlyBirds Innovation Navigator shines a light on the path ahead. It transforms fragmented market intelligence into a clear, actionable roadmap, aligning a company's products, strategy, and vision with real-world opportunities. 'Innovation today is about speed, intelligence, and execution. Ideas alone don't create impact. You need to know how they fit into the bigger picture, what the market is telling you, and what actions will get you ahead,' said Kris Poria, Co-founder and CEO of EarlyBirds. 'The Innovation Navigator provides that clarity in hours, giving leaders a data-driven roadmap that transforms ambition into a plan they can act on immediately.' Unlike traditional consulting approaches that take weeks or months, the Innovation Navigator uses EarlyBirds' unmatched intelligence on more than six million innovators and 28 million products and services to deliver a bespoke plan for growth within hours. It identifies the most important next steps—whether it's refining a product, pursuing strategic partnerships, exploring new markets, or prioritizing investment. Early adopters have already seen measurable value. One innovation executive reported that the Navigator delivered a 'completely fresh perspective on their product strategy within a single day,' enabling them to re-align their R&D with real market needs. A startup founder said the Navigator helped them uncover new market segments and partnerships that led to a successful pivot and opened up growth opportunities they hadn't previously considered. 'EarlyBirds has always been about connecting those with challenges to those with solutions, helping organizations make sense of an increasingly complex innovation ecosystem,' said Jeff Penrose, Co-founder and COO of EarlyBirds. 'The Innovation Navigator takes this a step further by giving innovators a clear, prioritized roadmap based on data and global market insights. It's about reducing uncertainty and giving leaders a pathway they can execute immediately, whether they're a pre-seed startup or a growth-stage scaleup entering new markets.' The Navigator is powered by the same intelligence backbone that makes EarlyBirds the only non-U.S. company recognized in the U.S. Department of Defense's Innovation Ecosystem. It leverages real-time insights on competitors, emerging technologies, academic breakthroughs, and investment patterns to craft roadmaps that are both visionary and actionable. 'The Innovation Navigator gives leaders something they often lack—clarity and confidence,' said David Wallace, Chief Client Officer for EarlyBirds in Europe. 'In a few hours, it delivers a roadmap that helps organizations cut through uncertainty, prioritize opportunities, and take decisive action. It's a game-changer for anyone serious about turning innovation into measurable outcomes.' For startups preparing to scale, the Navigator provides direction on product evolution, growth strategies, and market positioning. For scaleups, it offers a data-backed, independent view to help identify capability gaps and prioritize the initiatives that will drive the greatest impact. With the launch of the Innovation Navigator, EarlyBirds continues its mission to help organizations discover, monitor, and transform innovation at speed and scale. Twice named Global Innovation Platform of the Year, EarlyBirds now offers startups and scaleups an accelerated way to bridge the gap between vision and execution. The EarlyBirds Innovation Navigator is available now to startups, scaleups, and enterprise innovators worldwide. To learn more or to get your personalized innovation roadmap, visit About EarlyBirds: EarlyBirds is the world's largest open innovation intelligence platform, enabling early adopter organizations—including government agencies, defense bodies, and Fortune 500 companies—to accelerate innovation by connecting with over six million global innovators. Through its proprietary platform and programs, EarlyBirds provides actionable intelligence, domain mapping, and curated collaboration opportunities to help organizations rapidly identify, adopt, and integrate emerging technologies. ### For more information about EarlyBirds, contact the company here: EarlyBirdsMr Kris Poria [email protected] EarlyBirds USA Inc., 548 Market St, San Francisco, CA 94104 USA
Business Wire
11 hours ago
- Business
- Business Wire
KKR & Co. Inc. Reports Second Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) today reported its second quarter 2025 results, which have been posted to the Investor Center section of KKR's website at A conference call to discuss KKR's financial results will be held today, Thursday, July 31, 2025 at 9:00 a.m. ET. The conference call may be accessed by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed through the Investor Center section of KKR's website at A replay of the live broadcast will be available on KKR's website beginning approximately one hour after the broadcast. ABOUT KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at
Calgary Herald
21 hours ago
- Business
- Calgary Herald
CPKC says cross-border steel shipments effectively 'shut down' due to tariffs
Canadian Pacific Kansas City Ltd. managed to increase revenues in its latest quarter, even as cross-border steel shipments ground to a near-halt because of tariffs. Article content The Calgary-based railway said revenues rose by three per cent as its profits hit $1.2 billion in the quarter. Its trains carried seven per cent more volume overall, but import duties imposed by the United States had an impact. Article content Article content In recent months, the federal government under Prime Minister Mark Carney has imposed its own suite of tariffs on certain non-U.S. imports to protect the domestic industry from a flood of cheap, foreign steel. Article content For CPKC, the impacts of dwindling cross-border steel trips were partially offset by more shipments of frac sand, which is used to extract oil and gas. Article content It also saw revenues pick up for grains and coal, while it reported declines for auto, forest products and potash. Article content Despite tariff-driven stops and starts to some segments of the business, revenue for CPKC increased three per cent over the second quarter last year, to a total of $3.7 billion. Article content Article content 'Despite all the headlines, all these evolving trade policies, the challenges that we've all faced as an industry, we continue to drive differentiated, sustainable and profitable growth at CPKC,' Keith Creel, CPKC's chief executive, told analysts. Article content The company's diluted earnings per share grew seven per cent over last year, at $1.33. However, those earnings remain lower than in 2023 when they sat at $1.42. Diluted earnings per share is a way of measuring a company's profitability. Article content Brooks said that despite continued economic uncertainty and trade policy, the second half of this year is 'off to a solid start,' with the company positioned to continue growing. Article content Canadian Pacific acquired Kansas City Southern in the spring of 2023 for US$31 billion — together the two formed CPKC, the first railway connecting Canada, the U.S. and Mexico.
Business Wire
a day ago
- Business
- Business Wire
J.B. Poindexter & Co., Inc. Announces Pricing of $250 Million Senior Unsecured Notes Offering
HOUSTON--(BUSINESS WIRE)--J.B. Poindexter & Co., Inc. (the 'Company'), a privately-held company, today announced that it has priced its private offering of $250 million aggregate principal amount of senior unsecured notes due 2031 (the 'New 2031 Notes'), an increase of $50 million over its previously announced offering size. The New 2031 Notes were priced at 100.500% of the principal amount plus accrued interest from June 15, 2025 through the closing date and will bear interest at 8.750% per annum. The New 2031 Notes will form a single series with, and have the same terms as, the Company's outstanding 8.750% senior notes due 2031 that were previously issued on December 18, 2023 (other than with respect to the issue price and the issue date). The New 2031 Notes will be guaranteed by certain subsidiaries of the Company. The offering of the New 2031 Notes is expected to close on August 4, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering (i) to pay related fees and expenses and (ii) to repay the Company's $175 million bridge credit facility. The Company intends to use the remaining net proceeds to repay the Company's asset-based lending facility. The New 2031 Notes are being offered by the initial purchasers only to persons reasonably believed to be 'qualified institutional buyers' in reliance on Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The New 2031 Notes have not been, and will not be, registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the New 2031 Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. About J.B. Poindexter & Co., Inc. J.B. Poindexter & Co., Inc. is a privately-held company that, through its business units, designs, manufactures and markets commercial truck bodies, step vans and delivery vehicles, pick-up truck caps and tonneau covers, ambulances and buses, service/utility truck and van bodies, commercial vehicle storage and shelving systems, funeral coaches and limousines, and expandable foam packaging products. Since its formation in the mid-1980s, J.B. Poindexter & Co., Inc. has grown to be a manufacturing-focused business with four of its eight business units having leading market shares in their respective served markets in the United States and Canada. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words 'believe,' 'expect,' 'expected,' 'anticipate,' 'intends,' 'estimate,' 'forecast,' 'project,' 'should,' 'may,' 'will,' 'would' or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements related to the Company's intentions regarding the timing and completion of the offering; the intended use of proceeds; and other matters. These statements involve risks and uncertainties, and actual results may differ. These risks and uncertainties include, but are not limited to, our ability to consummate the offering; market conditions relating to the issuance of debt securities; and other risks set forth in the offering documentation. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
