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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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Canada Reassesses F-35 Fighter Jet Deal Amid Geopolitical Tensions

Prime Minister Mark Carney has initiated a review of Canada's agreement to purchase 88 F-35 fighter jets from U.S.-based Lockheed Martin. The deal, valued at approximately $85 million per aircraft, aims to modernize the Royal Canadian Air Force. However, Carney has directed Defence Minister Bill Blair to evaluate whether the contract remains the best investment for Canada in light of evolving geopolitical circumstances.

The review comes amidst escalating trade tensions with the United States, including provocative rhetoric from U.S. President Donald Trump. While Canada is legally committed to acquiring the first 16 jets, the government is exploring whether alternative options might better serve the nation's defense needs. Blair has emphasized the importance of ensuring the deal aligns with Canada's strategic interests and has pledged to consult with military and international allies during the review process.

This reassessment underscores the complexities of balancing national defense priorities with shifting international dynamics. The outcome of the review could have significant implications for Canada's defense strategy and its relationship with the United States.

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