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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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Yemen’s Houthi rebels target Iranian-bound ship in Red Sea



A ship carrying oil products from Brazil to Iran was attacked by Yemen’s Houthi rebels on Monday, causing minor damage but no injuries to its crew, authorities said.

The Marshall Islands-flagged, Greek-operated bulk carrier Star Iris was hit by two missiles while sailing south through the Bab el-Mandeb Strait, a narrow waterway that connects the Red Sea and the Gulf of Aden.

The Houthis claimed responsibility for the attack, saying they targeted an “American” vessel in retaliation for the “Zionist crimes” in Gaza and the “American-British aggression” in Yemen. However, they did not provide any evidence to support their claim.

The Star Iris was heading to Bandar Khomeini, a port in southwestern Iran that is the main destination for Iranian oil exports. Iran is the main supporter and supplier of weapons to the Houthis, who have been fighting a Saudi-led coalition in Yemen since 2015.

The attack on the Star Iris is the latest in a series of Houthi missile strikes on ships in the Red Sea and the Gulf of Aden, which are vital routes for global trade and energy. The rebels have also targeted Saudi oil facilities, airports, and military bases in the region.

The U.S. and the U.K. have conducted several airstrikes against the Houthis’ missile launch sites and arsenals in recent weeks, in an effort to protect the freedom of navigation and prevent further escalation. The U.N. has also called for a ceasefire and a political solution to end the conflict in Yemen, which has caused the world’s worst humanitarian crisis.

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