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12 Days to the Tariff Deadline: What August 19 Actually Means for Your Wallet

  Published August 7, 2026 Trade Minister Dominic LeBlanc is back in Washington, Mark Carney says his tone is "quite firm," and the clock is running out on a deal. Here's what's actually on the line — and why it matters even if you've never shipped a case of wine across the border. The countdown: At 12:01 a.m. ET on August 19, new 50% U.S. tariffs are scheduled to hit roughly $20 billion worth of Canadian exports — with or without a deal. What's actually happening on August 19 On July 20, President Trump signed three separate proclamations under Section 338 of the Tariff Act of 1930 — a Depression-era provision that had never been used this way before. Each proclamation targets a different Canadian sector the U.S. says is treated unfairly: motor vehicles, alcoholic beverages, and dairy. Every covered good gets hit with an additional 50% tariff the moment it crosses into the U.S. The headline categories get the attention, but the actual product lists — buried ...
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Israel’s War Cabinet Deliberates: Responding to Iran’s Unprecedented Attack

 

Israel’s war cabinet convened urgently to address the unprecedented drone and missile attack launched by Iran. The situation has escalated tensions in the Middle East, leaving the world on edge.

On Saturday night, Iran unleashed a barrage of more than 300 drones and missiles toward Israeli territory. The Israeli military, with support from the US, UK, France, and other allies, successfully thwarted most of these attacks before they reached their targets. Fortunately, no casualties were reported, and the damage remained limited.

However, the gravity of the situation cannot be ignored. Israel’s military chief of staff, Lt Gen Herzi Halevi, asserted that Iran’s actions would not go unanswered. Speaking from the Nevatim air base in southern Israel, which sustained damage during the attack, Lt Gen Halevi emphasized that the launch of so many missiles and unmanned aerial vehicles (UAVs) would indeed prompt a response. Yet, the specifics of that response remain undisclosed.

Analysts speculate on Israel’s potential moves. They range from a limited cyberattack or targeted infrastructure strike—designed to send a clear signal without provoking a full-scale military response—to more extensive actions. The war cabinet’s deliberations aim to strike a delicate balance between asserting Israel’s security interests and avoiding further escalation.

World leaders have urged restraint. US President Joe Biden reaffirmed “America’s ironclad commitment to the security of Israel” but also emphasized the need for a ceasefire to bring home the 130 hostages still held in Gaza since October 7. The US, however, declined to participate in any counter-strike against Iran.

British Prime Minister Rishi Sunak echoed this sentiment, calling on “all sides” to show restraint. As tensions persist, the international community closely watches the unfolding situation in the Middle East.

Separately, violence continues in the occupied West Bank following the killing of an Israeli teenager, Benjamin Achimeir. His disappearance while tending to sheep near Ramallah has added to the region’s instability.

As Israel’s war cabinet weighs its response, the world holds its breath, hoping for de-escalation and a path toward peace.

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