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Trade Tensions Rise as EU Prepares Retaliation Against U.S. Tariff Hike

The European Union has strongly condemned President Donald Trump's decision to double tariffs on imported steel and aluminum, warning of swift countermeasures that could escalate global trade tensions. Announced Friday near Pittsburgh, Trump raised existing steel and aluminum tariffs from 25% to 50%, aiming to protect U.S. industry and bolster a $14.9 billion Nippon Steel–U.S. Steel deal. The European Commission responded sharply, calling the move a threat to transatlantic economic stability and global supply chains. “This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” a spokesperson said. The EU is finalizing consultations on expanded retaliatory tariffs, set to take effect by July 14 unless a negotiated solution is reached. The reaction from global trade partners was swift. Canada’s Chamber of Commerce criticized the tariffs as a threat to North American economic security, while Canada’s Uni...
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Claim Your Share: Navigating the $500-Million Bread Price-Fixing Settlement

 

Canadians who purchased packaged bread between January 1, 2001, and December 31, 2021, may be eligible for compensation from a $500-million class-action settlement. This lawsuit accused major grocery chains, including Loblaw Companies Ltd. and George Weston Ltd., of participating in a price-fixing scheme that artificially inflated bread prices.

Who Can Apply?

Eligible claimants include individuals and businesses that bought packaged bread in Canada during the specified period. The settlement covers most packaged bread products, but excludes fresh in-store baked goods, artisan loaves, and frozen bread.

How to File a Claim

Once the settlement process is finalized, an online claims portal will be available for submissions. Claimants will need to provide details about their bread purchases, though proof of purchase is not required for claims up to $25. Those who previously received a $25 Loblaw gift card in 2018–2019 can still apply, but the gift card amount will be deducted from their payout.

When Will Payments Be Made?

The exact payout per claimant depends on the number of approved claims and legal fees. Most eligible individuals could receive up to $25, with higher claims requiring documentation. The Quebec Superior Court is set to approve the province-specific settlement on June 16, after which the claims process will officially begin.

For updates and to submit your claim, monitor the official settlement websites once they go live.

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