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Tariff Ultimatum on Iran Trade Sparks Global Tension

                                                Doing Business With Iran? Trump Says Pay a 25% US Tariff. A new 25% tariff threat from President Donald Trump has sent a jolt through international markets, after he declared that any nation continuing to trade with Iran would face steep U.S. penalties. The announcement, delivered abruptly through social media, signaled a sharp escalation in Washington’s effort to isolate Tehran economically. The move comes amid heightened criticism of Iran’s internal crackdown on dissent, which U.S. officials argue warrants stronger international pressure. By targeting not just Iran but its trading partners, the administration aims to force countries—including major global players—to reconsider their economic ties with Tehran. The threat immediately stirred uncertainty across global markets. Oil prices climbed...
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Carney Heads to China Seeking Trade Reset and Diplomatic Breakthrough

 

Prime Minister Mark Carney, right, and Chinese President Xi Jinping met in Gyeongju, South Korea, on Oct. 31, 2025.


Prime Minister Mark Carney is preparing for a closely watched visit to China aimed at stabilizing a relationship that has endured years of tension. The trip marks a significant moment in Canada’s effort to rebuild trust with Beijing and revive economic cooperation that has stalled amid political disputes and shifting global alliances.

During his meetings with senior Chinese leaders, Carney is expected to push for progress on long‑standing trade barriers, including improved market access for Canadian agricultural and energy products. Officials describe the mission as an attempt to “reset” the tone of bilateral engagement and explore new areas of collaboration in sectors such as clean technology and critical minerals.

The visit also reflects Canada’s broader strategy to diversify its economic partnerships at a time when global trade patterns are becoming more uncertain. With China remaining a major trading partner despite recent frictions, even modest breakthroughs could provide meaningful benefits for Canadian exporters.

While expectations remain measured, the trip is widely viewed as an important step toward rebuilding a more predictable and constructive relationship — one that could shape Canada’s economic landscape for years to come.


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