From Reuters.
1. U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners.
2. U.S. President Donald Trump has paused military aid to Ukraine following his clash with Ukrainian President Volodymyr Zelenskiy last week, a White House official said, deepening the fissure that has opened between the one-time allies.
3. The European Commission proposed on Tuesday new joint EU borrowing of 150 billion euros ($157.76 billion) to lend to EU governments for defence as part of an overall 800 billion total financing effort to boost Europe’s defence capabilities.
4. China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing hikes to import levies covering $21 billion worth of American agricultural and food products, moving the world’s top two economies a step closer towards an all-out trade war.
5. The frequency of cable incidents in the Baltic Sea has been "exceptional" in recent years, but state actors have more effective ways of performing underwater sabotage than by dragging anchors, Finland’s intelligence service chief said.
#News #tradewars #trump #trumptariffs #tariffs #china #canada #mexico #donaldtrump #ukraine #zelenskiy #volodymyrzelenskiy #europeancommission #eu #europe #defense #chinausrelations #chinatariffs #agriculture #us #balticsea #finland #Reuters #Newsfeed
š Subscribe: http://smarturl.it/reuterssubscribe
Keep up with the latest news from around the world: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
