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Businesses across the U.S. are reportedly looking for ways to pass increased costs onto consumers

Meanwhile, China has contradicted President Trump’s assertions that active negotiations over tariffs are currently underway between the two nations. Beijing officials stated that while China remains open to dialogue, any negotiations must be conducted based on principles of equality and respect. The ongoing trade disputes continue to generate business uncertainty.

U.S. Treasury Secretary has stated that the current trade conflict with China is not sustainable

Reports indicate the U.S. government is considering significant reductions to the high tariffs recently imposed on Chinese imports, potentially lowering them to a range between 50 and 65 percent. President Trump mentioned anticipating a deal to lower tariffs substantially, though not eliminating them completely.

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Canada has pledged to increase its defense spending

This aims to move closer to the NATO target by 2030. This commitment comes amid pressure from the United States to bolster military expenditures. The Canadian government plans to allocate additional funds to modernize its armed forces and enhance operational capabilities. Officials believe this investment will strengthen national security and fulfill international obligations.

China has accused the United States of unilateralism, protectionism, and economic bullying

China’s Ministry of Foreign Affairs spokesperson, Lin Jian, criticized the U.S.’s “America First” policy for disrupting global production and supply chains, hindering economic recovery. President Donald Trump announced a new 34% tariff on Chinese goods, citing China’s role in the fentanyl crisis, escalating previous tariff rounds earlier this year.

At least 18 fatalities have been reported since the storms from Midwest Storms

Kentucky’s Frankfort area experienced record-breaking river levels, prompting evacuations and concerns over infrastructure stability. Authorities are urging residents to remain vigilant as forecasts predict continued adverse weather conditions. Recovery efforts are underway, though challenges persist due to the extent of the damage.