Canada will be its own best customer, says Carney, after Trump imposes new tariffs on dozens of countries – US politics live

Aug 1, 2025 - 08:00
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Canada will be its own best customer, says Carney, after Trump imposes new tariffs on dozens of countries – US politics live

Donald Trump signed an executive order on Thursday increasing tariffs on Canadian goods imported to the United States from 25% to 35%

India is engaged with further trade talks with the US, a source said on Friday. This comes after Donald Trump signed an order imposing a 25% tariff on New Delhi’s export.

“We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward,” India’s foreign ministry said in a statement on Friday.

World stock rates have fallen. Germany’s DAX index has dropped by 1.1% at the start of trading in Frankfurt, while France’s CAC fell by almost 1% and Spain’s IBEX lost 0.6% – even though Europe reached a trade deal with the US at the start of this week.

Historian Rashid Khalidi has cancelled plans to teach this fall at Columbia University in response to the school’s recent agreement with the Trump administration.

A federal judge has ruled against the Trump administration’s plans and extended temporary protected status (TPS) for 60,000 people from Central America and Asia, including people from Nepal, Honduras and Nicaragua.

The US dollar has hit its highest level in two months against a basket of currencies today. The dollar index has risen by 0.1%, on track for its seventh daily rise in a row. Continue reading...

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