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Trump's Trade War Escalates with Canada and EU Retaliation

Trump's Trade War Escalates with Canada and EU Retaliation

Trump criticizes EU during meeting with Irish premier as trade tensions rise

During a meeting with Irish premier Micheal Martin, President Trump criticized the EU for taking advantage of the US and highlighted the trade relationship's need for fairness. This comes after Trump imposed tariffs on steel and aluminum, leading Canada to announce retaliatory tariffs and the EU to impose counter tariffs. Trump expressed admiration for Ireland's actions but blamed past US leaders for allowing the situation. He mentioned imposing tariffs on EU cars and criticized the EU for unfair treatment of US companies.

Trade Politics
Published: 3/12/2025 See the full story
Modella Capital Considers Hobbycraft Restructuring Amid WH Smith Bid

Modella Capital Considers Hobbycraft Restructuring Amid WH Smith Bid

Modella Capital Explores Hobbycraft Restructuring in WH Smith Bid

Modella Capital, a bidder for WH Smith's high street business, is contemplating restructuring Hobbycraft, a crafts chain it acquired recently. The company is working with FRP to assess options, potentially including a company voluntary arrangement (CVA) commonly used in retail. While the process is in early stages, with no decisions made yet, Modella operates Hobbycraft with 124 stores and around 2,400 employees. Modella, known for purchasing struggling retailers, competes with Alteri to acquire WH Smith's high street portfolio.

Retail Business
Published: 3/12/2025 See the full story
Identifying Mis-Sold Car Finance and Taking Action

Identifying Mis-Sold Car Finance and Taking Action

FCA investigates potential overcharging in car finance deals, leading to possible compensation for affected consumers.

The Financial Conduct Authority (FCA) is reviewing past motor finance deals to determine if customers were overcharged due to commission arrangements. Brokers earned more by placing buyers on higher interest rates, resulting in potential overcharging. The FCA is considering a redress scheme for affected consumers. Lenders like Barclays and Lloyds are involved, setting aside funds for potential claims. Consumers can contact lenders if affected and escalate to the Financial Ombudsman Service if unsatisfied.

Finance Consumer Rights
Published: 3/12/2025 See the full story
US urges Russia to accept 30-day Ukraine ceasefire

US urges Russia to accept 30-day Ukraine ceasefire

US pressures Russia for ceasefire in Ukraine conflict

The US is pressuring Russia to agree to a 30-day ceasefire to end hostilities in Ukraine. Secretary of State Marco Rubio emphasized the need for a truce to stop casualties and emphasized that there is no military solution to the conflict. Talks between US and Ukrainian officials discussed territorial concessions and the return of prisoners of war and unlawfully deported Ukrainian children. Ukrainian President Zelenskyy sees territorial integrity as a red line. While Zelenskyy views the talks as constructive, Russia's response remains non-committal, with concerns over territorial concessions and European troop deployment.

International Relations Conflict Resolution
Published: 3/12/2025 See the full story
Challenges for UK in Securing Tariff Concessions from Trump

Challenges for UK in Securing Tariff Concessions from Trump

UK faces obstacles in obtaining tariff exemptions from Trump amid escalating trade tensions

The UK struggles to secure tariff concessions from Trump as the White House remains resolute in imposing tariffs on aluminium and steel imports. Despite efforts from key allies like Keir Starmer, the UK has not received exemptions. The British government aims to maintain a pragmatic approach and hopes for a trade deal, as retaliatory tariffs could hinder negotiations.

Trade Tariffs
Published: 3/12/2025 See the full story
Steve Witkoff: Real Estate Mogul in Ukraine Peace Negotiations

Steve Witkoff: Real Estate Mogul in Ukraine Peace Negotiations

Real Estate Mogul Steve Witkoff Key Player in US-Russia-Ukraine Talks

Steve Witkoff, a real estate mogul, is now involved in negotiations with Russia regarding the Ukraine conflict after being named as Donald Trump's Middle East envoy. He is heading to Moscow for talks with Russian President Vladimir Putin. Witkoff, known for his real estate ventures in New York, has a close relationship with Trump and has supported his foreign policy. Despite some criticism, he has played a crucial role in Middle East negotiations, aiding in securing a ceasefire deal between Israel and Hamas.

Politics Real Estate
Published: 3/12/2025 See the full story
Peter Navarro Reacts to Reporter's Question on Tariffs

Peter Navarro Reacts to Reporter's Question on Tariffs

Navarro Defends Trump's Tariffs Policy Amid Reporter's Criticism

Senior trade adviser Peter Navarro defended President Trump's tariffs policy when questioned by Sky News reporter Mark Stone, who suggested Trump was indecisive. Navarro emphasized strategic negotiation and the absence of exemptions in the current policy. Despite Trump's recent tariff announcement on Canadian steel and aluminum, a 25% tariff on all such imports to the US is now in effect, impacting UK products. Navarro's response to Stone's inquiries was confrontational, dismissing criticisms of causing market turmoil.

Trade Policy Political Relations
Published: 3/12/2025 See the full story
Greenland's Election Result Reflects Rejection of Trump's Interference

Greenland's Election Result Reflects Rejection of Trump's Interference

Greenland's Independence Party Wins Election Against Trump's Influence

Greenland's opposition party, Demokraatit, secured 30% of the vote, signaling a rejection of Donald Trump's interference. The party aims for a gradual move towards independence from Denmark. The election highlighted differing views on independence speed, with Naleraq advocating a swift transition. Despite Trump's attempts to sway Greenland towards the US, the majority remains hesitant, prioritizing their independence and resources over external influences.

Politics International Relations
Published: 3/12/2025 See the full story
Canada's Response to Trump's Tariff Trade War

Canada's Response to Trump's Tariff Trade War

Defiance in Canada against Trump's tariffs

In response to Trump's trade war, Canadians are showing defiance through small acts like hiding American liquor labels and promoting Canadian products. The British Columbia premier retaliated by banning American alcohol sales. Canadians are uniting to buy local products and avoid American goods. Despite Trump's claims about Fentanyl, experts dispute Canada's role in the crisis. The trade war is straining US-Canada relations, raising questions about Canada's power against its larger neighbor.

Trade Politics
Published: 3/12/2025 See the full story
Impact of Donald Trump's Tariffs on the UK

Impact of Donald Trump's Tariffs on the UK

US Tariffs on Steel and Aluminium: Effects on UK and Global Trade

Donald Trump has imposed tariffs on steel and aluminium imports to the US, affecting UK products. The EU and Canada plan retaliatory tariffs on US goods. UK industry sees it as a direct attack, but the country's steel exports to the US are limited. The UK government aims for a wider trade deal with the US and delays immediate retaliation. The tariffs may lead to increased costs for metal products, impacting global trade and potentially causing economic downturns.

Trade Economy
Published: 3/12/2025 See the full story