1 month ago
16
Key events Show key events only Please turn on JavaScript to use this feature
Trump escalates trade war with Canada following Palestine stance
Good morning and welcome to our rolling coverage of US politics as Donald Trump intensified his trade war with Canada a day ahead of his 1 August deadline for a tariff agreement.
The president posted on his Truth Social platform:
Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!
We’ll be bringing you all the developments on this story today. In other news:
-
Trump has said the US will charge a 15% tariff on imports from South Korea as part of an agreement with the key Asian trading partner and ally that avoids even higher levies. In contrast on Wednesday, Trump placed 25% tariffs on imports from India and 50% on those from Brazil.
-
Brown University has reached an agreement with the Trump administration that will reinstate nearly $50m in research funding by agreeing a commitment to nondiscrimination in both admissions and campus programs, and will grant federal officials access to its admissions data. Meanwhile $108m in federal research funding to Duke University has been frozen.
-
The US Federal Reserve left its benchmark interest rate unchanged on Wednesday, even amid intense pressure from Trump to lower rates. Earlier in the day, figures showed US gross domestic product (GDP) grew at a better-than-expected annual rate of 3% in the second quarter of 2025.
-
Kamala Harris announced on Wednesday that she will not run for governor of California – a highly anticipated decision that leaves the contest to lead the country’s largest blue state wide open.
English (US) ·