Thursday, July 23rd, 2026
U.S. launches new tariff, replacing what Supreme Court struck down
U.S. President Donald Trump, seen at the White on Thursday, has directed his administration to impose a new global tariff regime designed to take the place of a temporary 10 per cent tariff that expires Friday. (Evelyn Hockstein/Reuters) The Trump administration is imposing a new global tariff regime designed to take the place of a temporary 10 per cent tariff that expires Friday. The replacement tariffs will apply to goods from Canada, the European Union and nearly 60 other countries. However, Canadian exports that comply with the rules of originRead more
U.S. government withdraws subpoenas aimed at compelling 3 NYT reporters to identify sources
U.S. President Donald Trump deboards the Qatar-gifted aircraft that is supposed to serve as his new Air Force One on July 3. (Kylie Cooper/Reuters) Criticized by a federal judge for sloppy legal work, the U.S. government on Thursday grudgingly withdrew subpoenas that would have compelled three New York Times reporters to testify about their sources for articles about U.S. President Donald Trump’s Qatari-gifted Air Force One jet. The withdrawals in U.S. District Court followed a remarkable back and forth between a visibly irritated Judge Arun Subramanian and government lawyers. TheyRead more
EU fines Alphabet $1B US for Google Play, search infractions
The Google logo is displayed on a smartphone in front of an European Union flag in Brussels on Sept. 29, 2025. (Nicholas Tucat/AFP/Getty Images) Google was fined a total of 890 million euros ($1.01 billion US, or $1.43 billion Cdn) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said. However, the U.S. tech giant and its parent Alphabet are likely to avoid fresh fines as EU regulators lauded good progress in its ongoing efforts to comply with the landmarkRead more
Iran will pay for any Houthi-led attacks, Trump says
U.S. President Donald Trump promised on Thursday “major military punishment” for Iran and its Houthi allies, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint. Fears that disruption could widen further to block another sea route sent global oil prices surging in one of the steepest rises of the war. Brent crude rose more than six per cent, breaking through $100 US a barrel for the first time since May. Two weeks since the effectiveRead more