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Trump Threatens New Tariffs on Canada Over Palestine Support
U.S. President Donald Trump has escalated trade tensions with Canada, just one day before the August 1 deadline to finalize a new tariff deal. Trump stated that reaching an agreement would be "very hard" following Canada’s public endorsement of Palestinian statehood.
If no deal is reached by the deadline, the U.S. plans to impose a 35% tariff on all Canadian imports not covered by the existing U.S.-Mexico-Canada Agreement (USMCA). The move signals growing political and economic friction between the two allies.
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The Pakistani rupee continued its upward trajectory against the US dollar, gaining 0.01% or Rs0.02, to close at Rs281.11, according to data from the State Bank of Pakistan (SBP). Over the past four months, the currency has appreciated by 9.25%, or almost Rs26, compared to its ...
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The sugar sector in Pakistan achieved a milestone with record earnings of Rs22 billion in the fiscal year 2023, marking a substantial 78% increase year-on-year. The surge in earnings is attributed to a rise in sugar prices, resulting in improved gross margins for the sector. ...
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