Former President Trump is escalating his trade war rhetoric, proposing a whopping 35% tariff on Canadian goods—a significant jump from his broader threats of 15-20% levies on most trade partners. He also hinted at imminent new tariffs targeting the EU, signaling a potential return to aggressive protectionist policies if he regains power.

Editor’s Note: This isn’t just about Canada—it’s a warning shot to global trade partners. Higher tariffs could mean pricier imports, supply chain headaches, and retaliatory measures, which might hit consumers and businesses hard. If Trump follows through, it could reignite the kind of economic tensions that defined his first term.

EU Commission President Ursula von der Leyen isn’t mincing words—she thinks the U.S.-EU relationship is permanently damaged. The trigger? Washington’s planned 20% tariffs on EU imports, which could strain trade ties long-term.

Editor’s Note: Trade wars aren’t just about numbers; they reshape alliances. If the U.S. and EU—traditionally close partners—start treating each other like economic rivals, it could ripple through global markets, supply chains, and even geopolitical strategies. This isn’t just a spat—it’s a potential turning point.

The US is ramping up trade tensions with Canada by slapping a 35% tariff on Canadian imports starting August 1, according to a letter from President Trump. This comes on top of existing tariffs on auto parts (25%) and steel/aluminum (50%). Trump also hinted at broader tariffs—15% to 20%—for other trade partners, signaling a tougher stance on global trade.

Editor’s Note: This isn’t just about Canada—it’s another escalation in Trump’s aggressive trade strategy, which could ripple through global markets. Higher tariffs mean costlier goods for businesses and consumers, and Canada (already hit by earlier tariffs) may retaliate, straining a key economic relationship. If other countries get dragged in, we could be looking at a wider trade war.

Despite ongoing trade tensions between the U.S. and Canada, foreign investors are still pouring money into Montreal. The city’s economic development agency reports a 55% jump in foreign investment, hitting $1.69 billion in just the first half of this year. Clearly, global businesses aren’t letting political spats scare them off—Montreal’s appeal is holding strong.

Editor’s Note: Trade wars usually make investors nervous, but Montreal’s thriving tech and cultural sectors seem to be outweighing those worries. This surge in funding signals confidence in the city’s long-term growth, which could mean more jobs and innovation down the line. For locals, it’s a reassuring sign that the economy’s got some serious momentum.

Trump's latest tariff threats have left everyone scratching their heads—even though he insists nothing's changed, experts point out that his "pause" on high tariffs is itself a shift. Economists worry that early stockpiling by businesses might be hiding the true damage these tariffs could cause to the U.S. economy.

Editor’s Note: Tariffs might sound like distant economic jargon, but they directly impact prices, jobs, and supply chains. Trump's flip-flopping creates uncertainty, which businesses hate—it makes planning nearly impossible. If tariffs hit hard, consumers could feel it at the checkout line.

Trump’s latest tariff threat against BRICS nations—including India—seems more like a political warning than an immediate economic move, analysts say. While he’s accusing the group (now expanded with countries like Iran and Egypt) of undermining the U.S., the rhetoric likely won’t derail ongoing U.S.-India trade talks.

Editor’s Note: Trade tensions are heating up again, but this time it’s more about posturing than action—for now. India’s in the spotlight as it negotiates a deal with Washington, and while Trump’s words sound tough, the real impact might be minimal. Still, it’s a reminder of how volatile global trade can get when big economies start throwing their weight around.

Kathleen Harrison, who runs a small arts-and-crafts shop in California, is bracing for a financial hit if the U.S. moves forward with new tariffs on imports from Asia. She’s already struggling with doubled costs for materials like paper stock, and the potential tariffs could force her to raise prices or cut corners just to stay afloat. Her story reflects a broader anxiety among small business owners and consumers as another wave of trade tensions looms.

Editor’s Note: This isn’t just about politics—it’s about real people trying to keep their businesses running. Tariffs might sound like abstract policy, but they trickle down to higher prices, thinner margins, and tough choices for small businesses and shoppers. With inflation already pinching wallets, another trade fight could make things worse at the worst possible time.

The EU is bracing for a letter from Donald Trump detailing new tariffs on US trading partners, including the bloc, which he promised would arrive imminently. Meanwhile, Israel’s Yad Vashem Holocaust memorial has slammed controversial plaques near a Polish monument to the Jedwabne massacre, calling them a distortion of history. The plaques, funded by far-right groups, have stirred fresh tensions over Poland’s wartime record.

Editor’s Note: This story highlights two simmering conflicts—one economic, one historical. Trump’s looming tariffs could escalate trade tensions with the EU, affecting businesses and consumers. At the same time, the dispute over the Jedwabne plaques underscores how WWII-era wounds remain raw, with far-right groups stoking divisions over Poland’s role in the Holocaust. Both developments signal rising friction on the global stage.

The UK economy took another hit in May, with GDP dropping 0.1% after a 0.3% slump in April—prompting Rachel Reeves to call the figures "disappointing." Meanwhile, markets are feeling the ripple effects of Trump’s new tariffs, adding to the gloomy business mood.

Editor’s Note: Back-to-back GDP dips suggest the UK’s economic recovery is stalling, and with global trade tensions flaring up, there’s real concern about whether things will get worse before they get better. For everyday folks, this could mean tighter budgets and fewer job opportunities down the line.