WASHINGTON (AP) — President Donald Trump on Friday signed into law a sweeping sanctions package targeting Russian officials and key pillars of…
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European Commission President Ursula von der Leyen has proposed making Canada the first "associate member" of the European Union. But associate membership does not exist. Still, no matter how vague, von der Leyen’s offer was a win for Canadian Prime Minister Mark Carney at a time when he is locked in a trade war with U.S. President Donald Trump. It also offers the EU a firm partnership with another Western democracy as its own ties with and trust in its old ally the United States fade. Now the two sides must define what “associate membership” is.
Canadian Prime Minister Mark Carney has embraced the prospect of his country becoming the European Union’s first associate member. He said Thursday that closer ties with the continent would ensure no country could control Canada’s markets or undermine its sovereignty. Carney’s speech to the European Parliament repeatedly extolled cooperation between Europe and Canada, but the relationship with the U.S. hung over the address. Trump’s tariffs, demands for economic concessions and repeated talk of making Canada the 51st state have pushed Ottawa to reduce its dependence on its neighbor and seek a far deeper economic, security and political relationship with Europe. Carney told the parliament that he welcomed European Commission President Ursula von der Leyen’s proposal.
A federal judge has ordered the Kennedy Center to provide 30 days’ notice before making any major physical changes to the building, including demolishing it — as President Donald Trump has threatened. Trump recently warned that without his efforts to restore the aging building, it could "end up being ripped down.” Also Thursday, the White House announced Trump is withdrawing his nomination of Lance Schroyer to lead U.S. Immigration and Customs Enforcement. Schroyer is a former Oklahoma state trooper with little experience with immigration. Also Thursday, the U.S. announced approval of the $24 billion sale of 48 warplanes to Saudi Arabia, expanding military cooperation with Gulf Arab states as the war against Iran is at a stalemate.
The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased. The S&P 500 jumped 1.1% Thursday for just its second rise in the last nine days. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 1.7%. Stocks got a boost after the price for a barrel of Brent crude oil slid 1% to settle back below $105. That helped pull the yield on the 10-year Treasury down to 4.93%. Gains for Nvidia and other AI stocks helped lead the way on Wall Street.
STRASBOURG, France (AP) — European Commission President Ursula von der Leyen proposed Wednesday making Canada the European Union’s first assoc…
AP
The House has passed a broad package of sanctions targeting Russian officials and key pillars of its economy as lawmakers look to deprive President Vladimir Putin of the financial resources needed to wage the war against Ukraine. The bill is named after the late Sen. Lindsey Graham of South Carolina, who spent more than a year working on it. The bill passed by a vote of 262-159. It represents the most ambitious effort to support Ukraine since President Donald Trump returned to the White House. It now goes to Trump's desk to be signed into law.
AP
President Donald Trump is suggesting that the European Union allowing Canada to become an associate member could be a “hostile act” and threatened to respond to the proposed move by imposing more tariffs on the bloc. Trump conditioned his threat Wednesday on the “intention” of European leaders, saying that, “If it’s a good intention, that’s fine. If it’s a bad intention, we’ll put very heavy tariffs on Europe.” He also suggested the U.S. could cut off trade with Europe in certain areas. Trump called the prospect of Canada joining the EU “laughable” and called America’s neighbor a “terrible trade partner.”
Small business owners in the United States and Canada say a trade war between their countries is hurting sales while they are also dealing with rising expenses from higher fuel costs. Canada imposed reciprocal tariffs on about $20 billion worth of U.S. goods last week after President Donald Trump placed import taxes on Canadian goods worth the same amount. Trump said the U.S. also would ban imports of wine, whiskey, selected motorcycles and the cheese-derived protein additive whey from Canada. The conflict between the economically entwined neighbors affects only about 5% of total exports and imports, but it is having a big impact on small businesses that depend on cross-border sales.
TOKYO (AP) — Japan’s trade deficit totaled 1.1 trillion yen ($7 billion) last month as surging oil prices due to the conflicts in the Middle E…