513 articles
President Trump announced he is considering renaming Lake Ontario to 'Lake America' amid the escalating U.S.-Canada trade war. The move echoes his earlier attempt to rename the Gulf of Mexico. Canadian officials dismissed the remarks, saying they won't respond to social media posts.
Several Iranian companies have confirmed their participation in Automobility 2026, focusing on auto parts exports to expand markets and enhance international cooperation in the automotive industry. This marks the first significant presence of Iranian firms at the event, showcasing products like brake systems and electronic equipment. Analysts view this as part of Iran's broader strategy to diversify export markets beyond traditional goods.
Japanese Prime Minister Sanae Takaichi has instructed officials to prepare for the continuation of fuel price subsidies to curb gasoline costs. The move aims to alleviate the burden on households and businesses amid rising energy prices and inflation concerns.
U.S. President Donald Trump announced plans to double tariffs on Canadian cars, trucks, and steel to 50% starting January 1, 2027, and to impose new tariffs on auto parts, following the collapse of trade talks. The move could severely disrupt the integrated North American auto supply chain.
The government has published a list of 2,400 key economic infrastructure projects in transport, energy, and urban development, with planned investment of about USD 180 billion for 2025–2030. The initiative is designed to drive growth and attract private and international capital.
A Kyodo News survey released on August 20 found that 71.7% of Japanese respondents are concerned that tax cuts will worsen the country's public finances. The findings highlight public worry over fiscal sustainability as the government debates relief measures amid high living costs and record debt.
Canada announced retaliatory tariffs against the US starting September 8, hitting steel, electronics, and other goods after Washington imposed 50% tariffs on $20 billion of Canadian products. Prime Minister Carney said Canada would respond dollar-for-dollar to protect workers and businesses, as negotiations collapsed and trade tensions escalated.
Japanese prefectures are competing to raise minimum wages, with even one-yen increases seen as crucial in attracting young workers amid a labor shortage, but this is straining small businesses' profitability.
Iran announced plans to start 37 new mining projects with a total investment of $1.4 billion to diversify its economy and reduce oil dependency. The projects will focus on iron ore, copper, and other minerals in key provinces.
The US has imposed 50% tariffs on over $20 billion in Canadian goods after three days of talks failed. Canada's Prime Minister Mark Carney vowed to retaliate with dollar-for-dollar tariffs, escalating the trade dispute.
