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President Trump is set to announce a series of tariffs, dubbed "Liberation Day," aimed at reducing foreign imports and boosting American manufacturing. While he believes these measures will revitalize the U.S. economy, economists warn they could lead to higher consumer prices and sluggish growth, with potential retaliatory actions from other nations. Global leaders express concern that such tariffs could disrupt trade and harm job markets, emphasizing the risks of escalating trade tensions.
Elon Musk has warned that President Trump's newly announced 25% tariffs on imported vehicles will significantly impact Tesla due to its reliance on foreign-made parts. While Tesla assembles cars in the U.S., many components are sourced internationally, leading to increased costs. The tariffs, effective April 3, aim to protect American jobs but have raised concerns among key trading partners and could destabilize the global auto market.
President Trump has announced a permanent 25% tariff on all imported vehicles and auto parts, effective April 3, sparking immediate backlash from affected countries, particularly Canada, which threatens countermeasures. The market reacted negatively, with significant declines in shares of major automakers, including General Motors and Ford, while Tesla saw a slight increase.
Mark Carney has recruited Timothy Hodgson, a former Goldman Sachs banker and his adviser at the Bank of Canada, to run for the Liberal Party in the upcoming election. Hodgson, who has taken an unpaid leave as chair of Hydro One Ltd., will contest the Markham-Thornhill seat, currently held by the Liberals. He has also stepped down from his role as vice chair of the Ontario Teachers’ Pension Plan, where he served since January 2023.
Mark Carney has enlisted Timothy Hodgson, a former Goldman Sachs banker and his adviser at the Bank of Canada, to run for the Liberal Party in the upcoming election. Hodgson has taken an unpaid leave of absence from his role as chair of Hydro One Ltd. to pursue this candidacy.
President Trump's recent memo authorizes sanctions against law firms involved in lawsuits against his administration, potentially revoking security clearances and federal contracts. This follows executive orders targeting firms like Covington & Burling and Perkins Coie, which have faced criticism from civil rights groups for undermining the legal system. Meanwhile, the administration defends its actions as necessary to prevent the judicial system from being weaponized against the public.
Mark Carney, newly sworn in as Canada’s 24th prime minister, will run for a seat in Nepean as he triggers an early election amid a trade war with the U.S. and rising Canadian nationalism. His main challenger, Conservative leader Pierre Poilievre, faces a shifting political landscape influenced by U.S. President Trump's threats. The election, set for April 28, will determine control of the House of Commons and the future direction of Canadian politics.
Mark Carney, newly sworn in as Canada’s 24th prime minister, will run for a seat in Nepean as the Liberal Party faces a challenging election amid a trade war with the U.S. and rising Canadian nationalism. His main opponent, Conservative leader Pierre Poilievre, aims to capitalize on discontent with the previous administration. The election, set for April 28, will determine control of the House of Commons and the future direction of Canadian politics.
Mark Carney, an outsider and former central banker, has risen to become Canada's Prime Minister, positioning himself as a confident and competent alternative to Trump. Despite his lack of political experience, Carney's ability to engage audiences, even discussing unconventional topics on platforms like "The Daily Show," has contributed to his ascent in Canadian politics.
Lloyds Bank has revised its net zero travel pledge, excluding international business flights from emissions calculations due to a surge in overseas trips. This shift reflects broader challenges faced by financial institutions in balancing sustainability commitments with business growth, sparking criticism from environmental advocates. Despite the changes, Lloyds asserts its commitment to reducing domestic travel emissions and promoting low-carbon transport options.
Mark Carney
People
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tariffs spark global concerns as economic impact looms for families
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lloyds bank revises net zero travel pledge amid rising international trips
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17:34 02.03.2025
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