Trump pauses 50% Canada tariffs for three days as trade deal nears
The United States has paused planned 50% tariffs on Canadian goods for three days after the two countries said they had reached an agreement in principle, pending final documents. The move came just hours before the duties were due to take effect, avoiding an immediate escalation in a dispute that had been building for weeks. Canadian Prime Minister Mark Carney said substantial progress had been made, while also stressing that more work remained.Trump said in a social media post that the pause was based on the fact that Canada and the United States, subject to the finalisation of documents, had... [Continue Reading]
360LiveNews | 19 Aug 2026 05:02 LONDON
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Day News Recap: Iran escalates as Ukraine, Gaza and regional tensions deepen across multiple fronts
Iran said it would move to a fully offensive military posture as efforts to secure a permanent ceasefire with the United States stalled, while Tehran also declared the 60 day negotiation deadline under a June memorandum void and warned that passage through the Strait of Hormuz would remain shut. A ship was hit in the waterway, adding to the pressure around one of the world’s most sensitive shipping lanes. 🔗 🔗 🔗In the wider Middle East, the United States condemned an Israeli strike on the Abu al Duhur air base in north west Syria as an unnecessary escalation, and UN... [Continue Reading]
360LiveNews Recap | 18 Aug 2026 18:21 LONDON
Noontime News Recap: Congo Ebola toll climbs as Hormuz hit and tariff tensions deepen
The Ebola outbreak in the Democratic Republic of Congo has worsened sharply, with confirmed cases rising to 4,945 and deaths reaching 2,325 as health authorities struggle to contain the spread. 🔗In the Middle East, a ship was hit in the Strait of Hormuz as Iran's top negotiator said the waterway would remain shut, raising fresh concern over one of the world's most sensitive shipping routes. 🔗Also in the region, eight air strikes hit the runway at Abu al Duhur military base in Syria's Idlib province, damaging the airfield but causing no reported casualties. In Damascus, a court sentenced Wassim al... [Continue Reading]
360LiveNews Recap | 18 Aug 2026 12:20 LONDON
Canada races to avert looming 50% US tariffs on exports
Canadian officials are making a last-ditch effort to secure a reprieve from 50% tariffs that the United States is due to impose on a broad range of Canadian exports on Wednesday. The talks come as negotiations between the two countries enter the eleventh hour, with Ottawa trying to avoid a new trade shock affecting billions of dollars in goods. The threatened duties would apply to products including electronics, industrial machinery, furniture, dairy products and wine.The tariffs would cover about $20.2bn worth of goods, or roughly 5% of US imports from Canada, according to the Center for Strategic and International Studies.... [Continue Reading]
360LiveNews | 18 Aug 2026 09:30 LONDON
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Lula and Bolsonaro camp launch Brazil presidential race with rallies in Sao Paulo and Rio
Brazil's two main presidential camps have opened their campaigns with large rallies in their political strongholds, setting up what is expected to be a closely fought October election. President Luiz Inacio Lula da Silva addressed more than 10,000 supporters at Vila Euclides Stadium outside Sao Paulo, while Senator Flavio Bolsonaro gathered thousands on Copacabana Beach in Rio de Janeiro. The launches underline how the contest is already being framed around foreign interference, trade pressure and control over Brazil's natural resources.Lula, who is seeking a fourth nonconsecutive term, spoke in a city where he first rose to prominence 47 years ago... [Continue Reading]
360LiveNews | 16 Aug 2026 22:33 LONDON
White House says tariff evasion via transshipment is costing $19bn-$26bn a year
The White House has accused more than 40 countries of helping China route goods through third countries to avoid US tariffs, in a report released on Thursday. It said the alleged network has allowed Chinese products to enter the United States under false labels, with the administration describing the practice as a major enforcement problem. The report said the issue is costing the US government tens of billions of dollars in annual revenue.The Office of Trade and Manufacturing Policy said the countries named include the European Union, Mexico, Canada, India, Japan and South Korea, as well as Indonesia, Thailand, Malaysia... [Continue Reading]
360LiveNews | 14 Aug 2026 10:34 LONDON
Brazil opens consultations on retaliation after new US tariffs
Brazil has opened consultations on possible retaliatory measures after the United States imposed 25% tariffs on a range of Brazilian exports. The move marks the start of a reciprocity process, but Brazilian officials have not yet decided whether to proceed with countermeasures. The government said it will continue to defend its position in all appropriate forums.The tariffs announced in July affected some Brazilian imports including sugar, clothing, paper and steel, according to the supplied material. Washington also imposed an additional 12.5% tariff on Brazil and several other countries, citing allegations of weak enforcement of bans on forced labour. Brazil described... [Continue Reading]
360LiveNews | 14 Aug 2026 05:33 LONDON
Trump imposes tariffs of up to 100% on imported drones
President Donald Trump has imposed tariffs of up to 100% on imported drones and drone components, in a move the White House says is intended to reduce US dependence on foreign suppliers. The measures cover imports from a range of countries, including some of Washington's closest allies, and are set to take effect in 21 days. The announcement marks a new escalation in the administration's use of trade policy for national-security aims.According to the proclamation signed by Trump, a 100% ad valorem tariff will apply to drones of a certain size or with certain capabilities that the White House described... [Continue Reading]
360LiveNews | 14 Aug 2026 01:35 LONDON
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Russia economy under strain as deficit widens and strikes deepen
Russia's economy is showing fresh signs of strain as a widening budget deficit and deeper Ukrainian strikes test its resilience. A new report says growth is expected to slow to its weakest pace since 2022, even though Moscow has so far withstood years of Western sanctions and war spending. The picture is complicated by a separate windfall from higher global energy prices linked to the war in the Middle East, which has lifted Russian oil revenue.The report says the budget deficit is widening and that Ukrainian strikes are reaching deeper into the economy. It also says Russia still has more... [Continue Reading]
360LiveNews | 12 Aug 2026 17:05 LONDON
