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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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Trump Adjusts Auto Tariffs to Support U.S. Car Industry


In a move aimed at bolstering the U.S. automotive sector, President Donald Trump announced adjustments to tariffs on imported cars and parts. The changes, revealed on April 29, 2025, are designed to alleviate the financial strain on domestic automakers while encouraging local manufacturing.

The revised policy prevents the stacking of multiple tariffs, such as those on steel and aluminum, on top of the existing 25% levy on foreign-made vehicles. Additionally, automakers will receive temporary reimbursements for tariffs on imported parts, with the offset gradually decreasing over the next two years. This measure is expected to mitigate production costs and stabilize car prices for consumers.

Industry leaders, including Ford and General Motors, have welcomed the decision, citing its potential to safeguard jobs and maintain competitiveness. The administration emphasized that the adjustments align with its broader goal of revitalizing U.S. manufacturing and reducing reliance on foreign imports.

The announcement underscores the administration's commitment to supporting the domestic auto industry while navigating the complexities of global trade.

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