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Ontario will impose a 25 per cent tariff on power it sends to 1.5 million homes in Minnesota, Michigan and New York in response to fresh United States levies, Premier Doug Ford announced Tuesday.

shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from Mexico and Canada. The White House also layered another 10% duty on China on top of an identical hike a month before.

Rising price pressures could be worsened by a trade war, triggered by President Donald Trump's new 25% tariffs on imports from Mexico and Canada, which took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%. The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI) climbed to 53.5 last month from 52.8 in January. Economists polled by Reuters had forecast the services PMI dipping to 52.6.

The agency estimated Indian steel may see a price correction of about 3,000 rupees ($34.52) per ton. Local steelmakers have been battling a rising influx of discounted steel, with intake from China, South Korea and Japan hitting a record high in first 10 months of the current fiscal.

In a Wednesday interview with Bloomberg Television, Lutnick said that Trump would update his tariff plans with an afternoon announcement, possibly sparing sectors such as autos from the import taxes. «There are going to be tariffs, let's be clear,» Lutnick said. «But what he's thinking about is which sections of the market that can maybe — maybe — he'll consider giving them relief until we get to, of course, April 2.»

Collins Aerospace, an RTX group company, has invested $25 million for a new engineering development and test centre in Bengaluru, its largest facility outside the US. “The 50,000 sq ft lab facility streamlines product development, testing, and certification of components locally … It is also a fresh investment beyond the $200 million we have committed over the last 4-5 years,” said Savyasachi Srinivas, vice president of global engineering & technology centres at Collins Aerospace. The US-based company also has a 30,000-sq-ft electronics lab dedicated to testing. “In all there would be four labs, including in Hyderabad and Bengaluru, which also houses two factories,” Srinivas told ET.

Germany's outgoing Chancellor Olaf Scholz and Ukrainian President Volodymyr Zelenskiy on Wednesday discussed U.S. President Donald Trump's role in negotiations to achieve peace in Kyiv's three-year-old war with Russia. «Both agreed on the importance of the U.S. president's leadership role, also with a view to achieving a swift start to a ceasefire and lasting peace for Ukraine», a German government spokesperson said. Following the call, Zelenskiy said on X he had held «an honest conversation about various issues and our vision for the future security architecture» with Scholz.

President Claudia Sheinbaum said that Mexico could shift trade alliances «if necessary,» referring to the possible continuation of the tariffs. Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with fresh duties on Chinese goods, standing to seriously alter supply chains and long-standing trade partnerships.

DOGE administrator Elon Musk recently took to X to ridicule a group of Democratic Senators for featuring in, and sharing, near-identical videos to blame President Donald Trump for a rise in inflation. The posts were shared after Trump’s address to the Congress. The video montages, which open with the same footage of Trump promising to «bring prices down starting on day one», were shared by at least 22 Democratic lawmakers. The clips show the politicians criticising Trump’s policies and claiming that inflation has risen instead of going down in his term.

Jose Raul Mulino said on Wednesday morning that U.S. President Donald Trump was lying when he said that the North American leader's administration was «reclaiming» the Panama Canal. Trump's comments to Congress came after a deal led by U.S.

Donald Trump's Congress address, tech billionaire and one of his closest aides Elon Musk provided insight into his job security. The Tesla CEO was in attendance at Trump's address to Congress at Capitol Hill in Washington DC on Tuesday. In his speech, Trump heaped praises on Musk and lauded him for or his leadership of the newly established Department of Government Efficiency (DOGE). He remarked that even Democrats appreciate Musk's efforts but are unwilling to admit it. «Everybody here — even this side — appreciates it, I believe,» Trump said about Elon as he referred to Democrats in the room. Democrats have been calling for Elon to be fired.

AFP quoted Ana Cristina Villalpando Fonseca, head of the National Chamber of the Tequila Industry (CNIT) as saying.According to Mexico’s Tequila Regulatory Council, two-thirds of the country's tequila produced last year was exported to the US, accounting for about 335 million liters. That made up 83.6 percent of tequila exports, representing about $4.5 billion worth of liquor.Following the new tariffs, Villalpando said prices for tequila will likely go up in the US.“The possible increase in tequila prices in the United States could encourage substitution with other alcoholic drinks," she said.US Tariffs News LIVE: According to truthsocial.com, US President Donald Trump's speech on new tariffs has been approved by 76 percent people.US Tariffs News LIVE: Speaking to reporters, as quoted by CNBC, Mexican President Claudia Sheinbaum said on Wednesday that she expects to speak with Trump on Thursday.Till now, Mexico has not yet declared retaliatory tariffs on the US, though Sheinbaum said on Tuesday that those would be announced this weekend.US Tariffs News LIVE: At the World Trade Organization on Wednesday, Canada has requested consultations with the United States on 'unjustified tariffs', Reuters quoted Canada's Ambassador to the WTO in Geneva as saying."The U.S.

Subscribe to enjoy similar stories. BEIJING : As President Trump ratchets up the political and economic pressure on China, Beijing has responded with a clear message: China will resist U.S. efforts to constrain its rise.

Subscribe to enjoy similar stories. President Trump wants to build a federal cryptocurrency reserve. His subordinates are starting by counting up crypto the government already holds.

Subscribe to enjoy similar stories. In the last two weeks, the People’s Liberation Army (PLA) of China conducted live-fire naval drills in the international waters off Australia, New Zealand and Vietnam, and shooting drills in the Taiwan Strait. This show of military might is a sign of China’s growing confidence as a maritime power.

Makkal Needhi Maiam President Kamal Haasan has strongly criticised the Union government’s plan for parliamentary constituency delimitation, warning that it could weaken India’s federal structure and diversity. Speaking at an All-Party Meeting on the issue, Haasan stated that the move could harm India’s inclusive vision by promoting a homogenised «Hindia.»

There was love and loathing as the Republican held the floor — and TV airwaves — for a record one hour and 40 minutes. Trump entered the House chamber to cheers from Republicans and took a languid stroll down the center aisle to the podium, pressing the flesh along the way.

In his address to the joint session of Congress on Tuesday (local time), Trump said, «I want Congress to pass a bill permanently banning and criminalizing sex changes on children and forever ending the lie that any child is trapped in the wrong body. This is a big lie and our message to every child in America is that you are perfect exactly the way God made you. Because we are getting wokeness out of our schools and out of our military and it's already out and it's out of our society. We don't want it. Wokeness is trouble. Wokeness is bad. Its gone and we feel so much better for it, don't we. Don't we feel better? Our service members won't be activists and ideologues. They will be fighters and warriors. They will fight for our country.» The US President also urged Congress to fund a state-of-the-art golden dome missile defence shield. He called it important to have golden dome missile defence shield and mentioned that Israel and other nations have it.

M K Stalin on Wednesday proposed a Joint Action Committee comprising MPs and party representatives from southern states at an all party meeting on Lok Sabha seats delimitation here. Moving a resolution, Stalin said that in the event of increase in the number of seats in Parliament, 1971 Census should be the basis for it. Also, the 1971 Census should be basis for delimitation of LS seats for 30 years from 2026, he asserted. The all party meeting is expected to pass a resolution on the issue of delimitation. Principal opposition party AIADMK, the Congress and Left parties, actor-politician Vijay's TVK among others attended the meeting which was boycotted by the BJP, Tamil nationalist Naam Tamilar Katchi (NTK) and former union minister GK Vasan's Tamil Maanila Congress (Moopanar).

Indian rupee gained on Wednesday on broad-based interbank dollar sales and after the central bank's firm defence of 87.40-87.50 levels in recent sessions helped keep a lid on speculative bets against the currency. The rupee was at 87.1550 against the U.S. dollar as of 10:00 a.m. IST, up 0.1% on the day.

International Monetary Fund Managing Director Kristalina Georgieva. Many nations are facing weaker growth prospects and are saddled with high debt while supply chains have come under pressure due to the Covid-19 pandemic and geopolitical developments, Georgieva said remotely from the US at an IMF event in Tokyo. “We also know trade is no longer the engine of global growth it used to be,” she said. “The new US administration is rapidly reshaping its policies on trade, taxation, public spending, deregulation and digital assets, and other governments are also recalibrating their approaches and adjusting their policies.”