Skip to main content

Featured

Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
Post a Comment
Read more

article

Labels

Canadian Tire to lay off 1,200 workers amid economic woes


One of Canada's largest retailers, Canadian Tire, announced on Tuesday that it will reduce its staff by 3% as part of a cost-cutting strategy amid a challenging economic environment.

 The company said the layoffs will affect about 1,200 employees across its various divisions, including retail, automotive, and financial services. Canadian Tire said the move is necessary to improve its operational efficiency and competitiveness in the face of rising costs, lower consumer spending, and increased competition from online and discount retailers. 

The company also said it will invest in digital transformation, e-commerce, and innovation to enhance its customer experience and loyalty. Canadian Tire's president and CEO, Greg Hicks, said in a statement that the company is confident in its long-term growth prospects and remains committed to delivering value to its shareholders, customers, and employees.

Labels:

Comments

Post a Comment