Searchable News & Info From Reliable Online Sources.
- Canada’s Carney says US made last-minute ‘power play’ as trade talks c...
Canadian Prime Minister Mark Carney accused the United States on Saturday of making a last-minute "power play" by trying to restrict Canada's ability to strike trade deals with other countries, offering new details about what he said caused negotiations between the two sides to collapse.Carney said the U.S. introduced new demands in the final hours of negotiations involving Canada's other trading relationships, its auto sector and protections for Canadian culture and the French language."The U.S. introduced at the last hours, in the last hour, efforts to restrict our ability to have other trade deals," Carney told reporters.Asked what he believed the U.S. was trying to accomplish, Carney responded: "It's a power play. It's a power play and, you know, [it] becomes a question of sovereignty."US-CANADA TRADE NEGOTIATIONS SUSPENDED, CARNEY VOWS DOLLAR-FOR-DOLLAR RETALIATION AGAINST TRUMP'S 50% TARIFFSThe comments came a day after Carney suspended negotiations and ordered Canada's trade team back to Ottawa as President Donald Trump's 50% tariffs on roughly $28 billion in Canadian goods took effect.Canada said it plans to match the U.S. tariffs dollar for dollar, with Carney saying Saturday that the retaliation will target sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. The measures will take effect the Tuesday after Labor Day on Sept. 8.Washington has disputed Carney's account of why the negotiations broke down.U.S. Trade Representative Jamieson Greer said Friday that Canada declined to finalize terms agreed to earlier in the week, accusing Ottawa of making new demands and walking back previous commitments.TRUMP PAUSES 50% TARIFFS ON CANADA HOURS BEFORE DEADLINE AFTER ANNOUNCING POTENTIAL DEAL"Tonight [Friday], Canada declined to finalize the trade deal under the terms agreed earlier this week," Greer said in a statement. "Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days."Greer said the U.S. offered Canada significant tariff reductions on steel, aluminum, autos and lumber, along with a broader economic and national security partnership covering digital trade, critical minerals, aerospace and export controls.Carney offered a different account Saturday."In short, they asked too much, and they offered too little," he said.US, CANADA STRIKE DEAL TO OPEN BRIDGE LINKING DETROIT AND WINDSOR AFTER DISPUTE DELAYED LAUNCHAutos were another major sticking point. Carney said the two sides disagreed over tariff levels, the treatment of… [TheTopNews] Read More.1 hour ago - Trump’s foreign beef push to cut grocery costs sparks GOP revolt from ranching...President Donald Trump’s effort to bring down grocery prices by increasing foreign beef imports is sparking resistance from Republicans in ranching states, who warn American producers could pay the price.Trump announced Friday on Truth Social that the U.S. will allow up to 300,000 metric tons of ground beef to enter tariff-free over the next 90 days, a move he said would lower consumer prices while giving American ranchers time to rebuild the national herd.The move comes as affordability and high grocery prices are top of mind for voters just months away from the midterm general election, when Trump and the GOP will seek to hold their congressional majority. Since the pandemic, beef prices have steadily increased, with the average price of beef per pound last month priced at $6.89, according to the Federal Reserve Bank of St. Louis.But Republican lawmakers are arguing that Trump’s plan to allow the import of foreign beef tariff-free only acts as a "quick fix" for consumer prices and will undermine ranchers' efforts to rebuild the herd. TRUMP’S AFFORDABILITY PLAN FACES CONSERVATIVE PUSHBACK AS POCKETBOOK ISSUES LOOM OVER MIDTERMS"This hurts!" Sen. Mike Rounds, R-S.D., wrote on X. "American cattle producers have been disadvantaged for far too long. What our market really needs is a stable, America-First national policy that promotes American beef rather than continuing to import foreign beef as a quick ‘fix.’" South Dakota is home to roughly 5% of the nation’s beef cows, according to a USDA report."This instability harms hardworking American ranchers and consumers who want American-made beef," Rounds continued. "This is the exact opposite approach we take compared to manufacturing, and it doesn’t make sense."He added that Trump’s latest maneuver makes the push to mandate that beef labels include country of origin — a crucial step in ensuring American ranchers and farmers have a chance."Opening the market to even more foreign beef, which American consumers cannot differentiate because of current labeling rules, will only exacerbate the problem and hurt domestic producers," Rounds wrote. "Our producers will compete all day long, but only if there is a level playing field. Beef prices will come down when American ranchers have a greater ability to supply more product."TRUMP WILL WELCOME FARMERS AND RANCHERS TO WHITE HOUSE DINNER TO CELEBRATE TRADE, TAX WINSRep. Julie Fedorchak, R-N.D., echoed those concerns, warning that lower grocery prices should not come "on the backs of North Dakota ranchers and producers.""Importing foreign beef tariff-free — and… [TheTopNews] Read More.3 hours ago
- Shein, a Fast-Fashion Giant, Struggles to Grow Ahead of a Much-Delayed IPO
Facing pressure in the United States and Europe, Shein is struggling to find new ways to grow ahead of its much-delayed initial public offering. [TheTopNews] Read More.3 hours ago - U.S. Economy Could Feel the Sting From Trade War With CanadaA tit-for-tat trade fight between the two allies could create new headaches for consumers and businesses already stung by high prices. [TheTopNews] Read More.4 hours ago
- Paramount and California to Hold Preliminary Talks on Warner Bros. DealThe discussions on Monday are an early effort to resolve a lawsuit that California and 11 other states filed to block Paramount’s $111 billion acquisition of Warner Bros. Discovery. [TheTopNews] Read More.4 hours ago
- Harvard’s A.I. Clones Will Hear Your Start-Up Pitch NowTo create a new $699 bootcamp for entrepreneurs, Harvard Business School made A.I. versions of its faculty. [TheTopNews] Read More.9 hours ago
The Searchable USWebDaily.com and TheTopNews NewsBank Helps You Be Better Informed, Faster! Spread The Word.
