US Business

Canada rallies against Russian ‘aggression’ as new US tone splits G7

Host Canada called Thursday on the Group of Seven powers to back Ukraine against Russia’s “aggression” as a more conciliatory approach toward Moscow by Donald Trump’s United States split the club of wealthy democracies.Canada, the current G7 president, is gathering foreign ministers for three days of talks inside a rustic hotel in snow-dusted Charlevoix, on …

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Rubio meets Canadian FM as Ukraine, trade war dominate G7

US Secretary of State Marco Rubio met his Canadian counterpart Thursday as part of the highest-level US visit to Washington’s northern neighbor since threats launched by President Donald Trump, whose trade war and bid for a Ukraine ceasefire dominated a Group of Seven meeting.Canada, the current president of the club of powerful economies, is gathering …

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‘Sound science’ must guide deep-sea mining: top official

Rules on deep-sea mining in international waters must be driven by “sound science” and built on consensus, the head of the body charged with regulating the divisive practice said Thursday.Deep-sea mining in international waters involves taking minerals like nickel, cobalt and copper — crucial for renewable energy technology — from the sea floor.But researchers and …

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US trading partners hit back on steel, aluminum tariffs

Major US trading partners announced countermeasures Wednesday after Donald Trump’s blanket tariffs on steel and aluminum imports took effect, prompting the president to vow a further response.The steep 25-percent levies contained no exemptions despite countries’ efforts to avert them, marking an expansion from Trump’s recent duties on Canada, Mexico and China since returning to the …

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Ukraine truce dominates G7 talks clouded by Trump’s Canada threats

G7 foreign ministers will meet in Canada Wednesday to discuss moves to halt the Russia-Ukraine war, but US Secretary of State Marco Rubio shrugged off questions about a prospective takeover of his country’s northern neighbor.Rubio landed in Quebec City after meeting Ukrainian officials in the Saudi city of Jeddah to discuss an initial ceasefire.He said …

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China, EU vow countermeasures against sweeping US steel tariffs

China and the EU vowed Wednesday to strike back and defend their economic interests against sweeping new US steel and aluminium tariffs, moving Washington closer to an all-out trade war with two major partners.The levies took effect just after midnight on Wednesday “with no exceptions or exemptions”, as promised by the White House — despite …

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US tariffs of 25% on steel, aluminum imports take effect

The United States broadened its slate of tariffs Wednesday as sweeping levies on steel and aluminum imports took effect “with no exceptions or exemptions” as promised by the White House — despite countries’ efforts to avert them.President Donald Trump’s 25 percent duties on both metals will likely add to the cost of producing various goods …

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