Canada Unveils Dollar-for-Dollar Tariffs on US Goods as Trade War Deepens
Canada will impose matching tariffs on hundreds of US goods starting Sept. 8, escalating the North American trade conflict.
Economy
Canada Announces Dollar-for-Dollar Tariffs on US Goods
Canada will impose matching tariffs on $20B of US goods from Sept 8, responding to Washington's 50% duties.
Brazil in Talks for Fertilizer Subsidies as Iran Conflict Hits Supply
Brazil's fertilizer industry seeks a 2 billion-real subsidy from the government to counter supply disruptions from the Iran war.
Iraq's Dollar Dependence Makes It a Test Case for US Sanctions on Iran's Partners
US pressure on Iraq over Iran trade highlights how dollar dependence can be used to enforce sanctions on other partners.
Canada Hits Back With Dollar-for-Dollar Tariffs on US Goods
Canada announces retaliatory tariffs on C$27.6 billion of US goods, effective September 8, and a C$7.5 billion support package for affected workers and industries.
US consumer confidence hits seven-month low in August
US consumer confidence fell to 89.4 in August, the lowest since January, as expectations for jobs and inflation worsened.
Russia weighs grain export duty removal as Black Sea shipments stall
Russia considers scrapping grain export duty and rerouting shipments after Ukrainian attacks halt Black Sea exports, pressuring farmers.
Hungary's central bank cuts rate for third time, signals more easing possible
Hungary's central bank cut its base rate by 25 bps to 5.5%, the third straight reduction, and left room for further easing.
US-Canada tariff standoff threatens North American trade pact
Fresh US tariffs on Canada escalate tensions, risking economic damage and the future of the USMCA trade pact.
Canada Signals Retaliatory Tariffs as US Auto Dispute Escalates
Canada's trade minister says retaliatory tariffs on US goods may be announced Tuesday, following Trump's threat to raise auto duties to 50%.
Tehran Drivers Queue for Hours as Fuel Shortage Worsens
Tehran residents face long queues at gas stations due to a widening fuel supply-demand gap, with officials boosting distribution to ease the crunch.
Ghana mandates local refining of artisanal gold before export
Ghana's GoldBod will require artisanal gold dore to be refined locally before export starting September 1, tightening control over the sector.
Global Markets Tread Water as Trade Threats and Iran Sanctions Take Center Stage
Markets steady as US-Canada trade tensions escalate and Iran sanctions details disappoint, with focus shifting to PCE data and Nvidia results.
German Economy Shows Resilience as Growth and Business Morale Surge
Germany's Q2 GDP grew 0.3%, beating forecasts, while business sentiment hit a one-year high, signaling a steady recovery.
Russia weighs suspending grain export duty amid Black Sea disruptions
Russia may suspend its grain export duty until year-end as Ukrainian drone attacks disrupt Black Sea shipments, according to market sources.
French sugar beet harvest set to fall over 20% after drought and heat
French sugar beet harvest expected to be over 20% below the five-year average due to severe drought, heat, pests and disease.
Tanker Disabled in Strait of Hormuz as Pakistan Steps Up Mediation
An oil tanker was hit and disabled near the Strait of Hormuz. Pakistan's delegation concluded talks in Tehran aimed at reopening the waterway.
Carney rejects US 'subsidiary' attitude as Canada braces for retaliatory tariffs
Canada will hit back with tariffs Tuesday after Carney accused Washington of treating Canada as a subsidiary in trade talks.
Ford Hits Back at Trump With Blunt Words Amid Tariff Standoff
Ontario Premier Doug Ford called President Trump a 'loser' and dismissed threats of new tariffs, as Canada readies its response.
Kazakhstan trims 2026 oil output goal after CPC drone attacks
Kazakhstan cut its 2026 oil output target to 96 million tons from 98 million after Ukrainian drone attacks on CPC.