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Trump’s August Deadline: 35% Tariff on Canadian Exports Could Trigger Trade Crisis
Canada is now in the crosshairs of former U.S. President Donald Trump’s escalating trade war, as he announced in a letter to Prime Minister Mark Carney on Thursday that a 35 per cent tariff on Canadian exports to the United States will take effect on August 1.....KINDLY READ THE FULL STORY HERE▶
This marks the 21st such letter Trump has issued since Monday, intensifying his threats against dozens of global economies. While Canada and the U.S. have been engaged in trade talks aimed at reaching an agreement by July 21, Trump’s latest move appears to have shifted the deadline — and raised the stakes.
Canada and Mexico are scrambling to meet Trump’s demands in a bid to salvage the United States-Mexico-Canada Agreement (USMCA), the trilateral trade pact that replaced NAFTA in July 2020 following Trump’s first-term renegotiation push.
Prime Minister Carney, addressing the development on social media platform X Thursday night, reaffirmed Canada’s position:
“Throughout the ongoing trade negotiations, the Canadian government has remained firm in defending our workers and industries. We will continue to do so as we work toward the revised deadline of August 1.”
The USMCA was originally scheduled for a comprehensive review in July 2026. However, Trump’s renewed tariff threats have plunged the process into uncertainty. Canada and Mexico initially bore the brunt of U.S. tariffs — 25 per cent on most goods, with a slightly lower rate on Canadian energy exports.
Trump justified the tariffs by accusing both neighbors of failing to curb illegal immigration and drug trafficking, particularly fentanyl — despite official data from both governments showing that Canada contributes less than one per cent to the U.S.’s illicit fentanyl supply.
In previous concessions, Trump had announced tariff exemptions for a wide range of goods entering under the USMCA, which Bloomberg reports are expected to remain unchanged, citing an unnamed official.
The tariff letter came despite signs of improving relations between Trump and Carney. The two leaders met at the White House on May 6 and again at the G7 summit in Canada last month, where world leaders urged Trump to ease off his trade war agenda.
As part of that détente, Canada had agreed to roll back certain taxes affecting U.S. tech firms — a move that reportedly prompted Trump to re-engage in trade talks.
Meanwhile, Trump revealed in an interview with NBC that he is considering imposing blanket tariffs ranging from 15 to 20 per cent on other countries not yet targeted, also beginning August 1. He claimed that tariff letters to the European Union — the U.S.’s largest trading partner — would be sent “today or tomorrow.”
In a related development, Brazilian President Luiz Inácio Lula da Silva responded to Trump’s tariff threats by expressing openness to negotiations but warned that reciprocity measures were under active consideration by his government.
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How I Deposited Billions In Cash For Emefiele, Witness Reveals
In the ongoing ₦7.8 billion fraud trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, a prosecution witness has provided testimony regarding massive cash deposits made on his behalf.....KINDLY READ THE FULL STORY HERE▶
Key points from the testimony of the third prosecution witness, Richard Agulu, a former Zenith Bank employee, include:
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Cash Deposits: Agulu testified that he deposited billions of naira in cash on behalf of the former CBN chief, with the funds delivered to him by Emefiele’s former personal assistant, Eric Ocheme.
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Account Handling: According to the witness, the money was either deposited into accounts for Kelvito Integrated Services and Ifeabigo Integrated Services or placed in the bank’s vault, following instructions allegedly relayed through Ocheme.
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Banking Procedures: Despite the large sums, Agulu maintained that he followed standard banking procedures, noting that some clients were granted verbal waivers by senior officials to deposit large amounts of cash.
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Refusal to Name Officials: When asked to identify the senior bank officials who provided these verbal waivers, Agulu declined to provide names to avoid getting anyone in trouble.
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Additional Transactions: Agulu also testified that he supervised a transfer of ₦1.6 billion to MG Properties Limited.
The Economic and Financial Crimes Commission (EFCC) is prosecuting Emefiele on eight counts, including criminal breach of trust, conspiracy, forgery, and unlawful possession of properties allegedly linked to proceeds of crime; Emefiele has entered a plea of not guilty. Eric Ocheme, who was named in the charges, is reported to be at large. Justice Yusuf Halilu has adjourned the trial for continuation on November 3, 4, and 5, 2026.
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“From Political Firebrand To Top Diplomat: Fani-Kayode’s Strategic Southern African Move!”
Former Minister of Aviation, Chief Femi Fani-Kayode, has officially received his Letters of Credence for his role as Nigeria’s High Commissioner to South Africa, Lesotho, and Eswatini. Fani-Kayode announced the news on Tuesday, noting that the appointment followed the approval of the required agrément.....KINDLY READ THE FULL STORY HERE▶
The Letters of Credence were presented to him on behalf of President Bola Tinubu by the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye. Fani-Kayode stated that he is preparing to report to Pretoria to present his letters to South African President Cyril Ramaphosa and begin his diplomatic duties. Reflecting on his appointment, the former minister—who served in the aviation sector two decades ago—expressed his gratitude to President Tinubu for the trust placed in him and requested prayers for his success in this new role.
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“I’ll Kill For Her!” Kunle Fawole Drops Shocking Bombshell About Ex-Flame Yvonne Jegede!.
Nollywood actor Kunle Abounce Fawole recently opened up about his relationship with his ex-wife, Yvonne Jegede, in an interview with Chude Jideonwu. While confirming that he no longer holds romantic feelings for her, Fawole emphasized that he maintains a deep sense of responsibility and respect for her as the mother of his son. He expressed a desire to avoid enmity, noting that he would never turn his back on someone he once cared for, and firmly declared his willingness to protect her from harm at all costs.....KINDLY READ THE FULL STORY HERE▶
In a candid conversation with Chude Jideonwu, Kunle Abounce Fawole reflected on his past marriage to Yvonne Jegede. When asked about his current feelings, the actor clarified that while the romantic spark is gone, his protective instincts remain strong. Fawole shared that he prefers to take the blame for past relationship struggles to avoid bitterness, stating that he refuses to harbor grudges. Ultimately, he underscored his commitment to her safety, asserting that he would go to extreme lengths—even potentially resorting to violence—to defend the mother of his child.
Option 3: Short & Punchy
Kunle Abounce Fawole has made it clear that while his romantic chapter with ex-wife Yvonne Jegede is closed, his dedication to her protection is unwavering. During a recent interview, the actor revealed he has no room for bitterness toward past partners. Though he no longer loves her romantically, he stressed that his status as the father of her son drives him to act as her fiercest defender, even going so far as to say he would “kill” for her if she were ever threatened.
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