US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand 
ASEAN Forum Puts Middle East Conflict, South China Sea Tensions in Spotlight 
Rubio to Meet Wang Yi as Trump-Xi Summit Plans Advance Amid Election Meddling Dispute 
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand 
US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action 
Russian Bomb Strikes Hit Zaporizhzhia, Sloviansk, Injuring Dozens in Eastern Ukraine 
US-Backed Pediatric HIV Treatment Drops After Foreign Aid Changes, Study Finds 
Gold Price Holds Above $4,130 as Fed Rate Outlook and Middle East Tensions Support Safe-Haven Demand 
Juan Orlando Hernandez Seeks Dismissal of Honduras Charges After Trump Pardon 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
US Sends First Humanitarian Aid Flight to Cuba Under $100M Assistance Plan 
Oil Prices Head for Weekly Surge as Red Sea Attacks and Kazakhstan Supply Cuts Raise Disruption Fears 
Amish Shah Wins Arizona Democratic Primary in Key U.S. House Race 
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 
US Investigates Moonshot Over Alleged Use of Advanced AI Chips and IP Theft 
US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point 
Canadian Prime Minister Mark Carney said Canada is prepared to take whatever steps are necessary to defend its economy as trade tensions with the United States escalate following President Donald Trump's decision to impose new 50% tariffs on a range of Canadian products starting August 19.
Speaking at a meeting of provincial premiers in Charlottetown, Prince Edward Island, Carney described the U.S. tariffs as unjustified and confirmed that Ottawa is intensifying trade negotiations with Washington. He warned that Canada is ready to respond if talks fail, saying all retaliatory options remain under consideration, though he did not outline specific measures.
The renewed dispute comes after Trump decided on July 1 not to extend the United States-Mexico-Canada Agreement (USMCA) for another 16 years. While the trade pact remains in effect, it will now face annual reviews, adding uncertainty to North American trade relations.
The United States is holding separate trade negotiations with Canada and Mexico, with U.S. officials indicating that discussions with Mexico are progressing more quickly. That has fueled concerns that Washington could demand greater concessions from Canada if Mexico reaches a more favorable agreement.
Carney emphasized that his government is seeking a comprehensive trade agreement rather than negotiating separate deals for individual industries. He also stressed that Canada remains committed to protecting its national economic interests throughout the talks.
However, Canada's provinces remain divided on how aggressively to respond. Alberta and Saskatchewan, which export large volumes of crude oil and potash to the United States, oppose using export restrictions or duties as leverage.
Ontario Premier Doug Ford urged Ottawa to match the U.S. tariffs "dollar for dollar," while acknowledging the difficult position Carney faces in negotiations with Trump.
Meanwhile, British Columbia Premier David Eby suggested the province could restrict U.S. access to critical mineral exports, including copper, zinc, and aluminum, if requested by the federal government. Eby said British Columbia stands ready to support Ottawa with stronger negotiating tools should trade discussions with the United States require additional pressure.
