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August 23 – The trade dispute between the US and Canada has escalated further, with Canadian Prime Minister Mark Carney announcing that Canada will impose retaliatory tariffs on US imports starting September 8. Carney stated on Saturday, “We are reluctantly taking this step because we recognize that it will increase costs for Canadians, reduce purchasing options, hurt innocent American businesses and states, and hinder cooperation between our two countries.” He said the retaliatory tariffs will primarily target steel, dairy products, home appliances, agricultural equipment, pulp, paper products, and electronics, with more details to be released in the coming days. Following the breakdown of trade negotiations on Friday evening, the US imposed 50% tariffs on hundreds of Canadian goods on Saturday, totaling approximately $20 billion, including plywood, alcoholic beverages, electrical equipment, and hockey equipment.On August 23, Russian President Vladimir Putin stated on August 22 that the Ukrainian armed forces had been launching missile and drone attacks against Russia for the past 40 days in an attempt to defeat Russia, but this was "nothing more than a gamble." He claimed that the Ukrainian attacks had not brought about any substantial change in the situation. Putin also stated that in response to the Ukrainian attacks on civilian infrastructure in Russia, the Russian military had intensified its attacks on Ukrainian companies, and that the retaliatory strikes by Russia were "more destructive."Canadian Prime Minister Carney: The government is prepared to provide financial support to affected industries under the new 50% tariff.Canadian Prime Minister Carney: Canada will provide tariff protection for certain industries.Canadian Prime Minister Mark Carney: There is "no good news" about the future of the USMCA (United States-Mexico-Canada Agreement).

Moscow Asserts That G7 Moves to Isolate Russia Exacerbate The Global Food Crisis

Haiden Holmes

May 17, 2022 09:57

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Monday, the Russian foreign ministry stated that moves by the West and the G7 in particular to isolate Moscow had exacerbated global food shortages.


Saturday, G7 foreign ministers pledged to further Russia's economic and political isolation, continue sending weapons to Ukraine, and strive to alleviate food shortages caused by Russia's invasion of its neighbor on February 24.


"Attempts to distract Russia economically, monetarily, and logistically from traditional routes of international cooperation exacerbate economic and food crises," the foreign ministry wrote on its website.


"It should be highlighted that it was the unilateral actions of Western nations, particularly those of the Group of Seven, that aggravated the problem of severing the logistical and financial chains of food supplies to global markets."


Prior to the war, Ukraine and Russia produced approximately 29 percent of the world's wheat supply.


Moscow refers to its efforts in Ukraine as a "special military operation" designed to disarm Ukraine and defend it against Nazis. Ukraine and the West assert that the accusation of fascism is without merit and that the war is an unjustified act of aggression.