Skip to main content

After trade negotiations crumbled down to the eleventh hour, U.S. President Donald Trump’s 50% tariffs on scores of Canadian imports kicked in Saturday. The new levies are expected to affect roughly $20 billion of Canadian goods, ranging from hockey sticks to agricultural products. And Canada’s Prime Minister Mark Carney quickly promised that his government would roll out “dollar for dollar” retaliatory measures starting Sept. 8. The latest escalation between the two countries — which once held one of the world’s most durable trade alliances — plunges them deeper into a trade war that has kept both sides of the border on edge throughout Trump’s second term in office. Read moreWhat to know about Trump's 50% tariffs on Canadian goods that just went into effect

TikTok has reached a $400 million settlement with the U.S. Department of Justice, ending a 2024 lawsuit alleging the company violated federal children’s privacy laws. The DOJ said Friday that TikTok will pay $300 million immediately and another $100 million after an order vacates an earlier consent decree against its predecessor company, Musical.ly. Since the DOJ’s lawsuit in 2024, TikTok has undergone major changes, most notably in the ownership structure of its U.S. arm. In January, the social video platform company signed agreements with major investors including Oracle, Silver Lake and the Emirati investment firm MGX to form the new TikTok U.S. joint venture. Read moreTikTok reaches $400 million settlement with US Justice Department over children's privacy

New! The latest from WAND in your inbox

Sign up for our newsletters to receive breaking news and daily headlines.

Poll

The hard-line new leader of Iran’s top security body is threatening neighbors against joining new U.S. efforts to squeeze Tehran’s economy and saying the U.S. has increased global nuclear insecurity. Egypt is trying to revive Iran-U.S. negotiations. And Iraq and Iran say Tehran has helped so… Read moreIran security chief threatens neighbors against economic measures, and other Mideast developments

The United States and Canada have fallen deeper into a trade war. New tariffs are expected to raise prices for products in both countries. Each side is blaming the other for the collapse of negotiations in Washington late Friday. That's led  the U.S. to impose 50% tariffs on $20 billion wort… Read moreUS and Canada fall deeper into a trade war with new tariffs as talks collapse and blame is spread