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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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Trump Faces $350 Million Judgment in Civil Fraud Trial

 


In a significant legal development, Donald Trump has been slapped with a $350 million judgment by a New York State Supreme Court judge. The ruling comes after a 2½-month trial that exposed what the judge deemed a years-long scheme orchestrated by Trump to deceive banks and others through inflated financial statements. Here are the key details:
  1. Verdict: The judge ruled against Trump, imposing a $364 million penalty for fraudulent business practices in the state of New York.
  2. Deceptive Practices: Trump’s wealth, fame, and the White House were built on a multinational collection of properties, including skyscrapers and golf courses. However, the court found that his success was not just a result of harmless bragging but rather a pattern of deceptive practices.
  3. Three-Year Ban: In addition to the hefty fine, Trump has been barred from serving as an officer or director of any New York corporation for three years.
  4. Appeal: Trump’s legal team has already indicated their intention to appeal the decision.

This landmark judgment is a victory for New York Attorney General Letitia James, who filed the lawsuit against Trump. The former president’s legal battles continue, and the repercussions of this ruling are likely to reverberate in both legal and political circles.


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