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Trump's meeting with Syrian leader a 'massive change' for U.S. foreign policy: political analyst

Trump's meeting with Syrian leader a 'massive change' for U.S. foreign policy: political analyst

CTV News14-05-2025

Trump's meeting with Syrian leader a 'massive change' for U.S. foreign policy: political analyst
CTV News U.S. political analyst Eric Ham discusses the intentions behind Trump's Middle East trip.

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Latest tariff increases causing more concern locally
Latest tariff increases causing more concern locally

CTV News

time30 minutes ago

  • CTV News

Latest tariff increases causing more concern locally

US President Donald Trump's move to double tariffs on steel and aluminum is expected to affect a variety of industries in Simcoe County. Local businesses that depend on steek and aluminum products say they are once again left in limbo for what it will mean to their bottom line and customers. 'I don't know if my can costs are doubling or tripling,' said Walter Vaz, owner of Heritage Estate in Barrie. 'We have no idea where it's going.' Heritage Estate is a small wine and cider producer near Highway 11. Even though most of their products are sold locally, they depend on cans from the United States. 'Honestly our can producers right now aren't even giving us pricing,' added Vaz. 'We have to wait literally until we place an order and then we will get current pricing at that time. It's at that time we will make a decision. Are we producing or not producing?' 'Our message currently is to stay calm, stay poised and use this opportunity to benefit local manufacturers,' said Kyle Peacock, a tariff consultant out of Orillia. Peacock works with companyies trying to navigate the ever-changing tariff world. 'Stay the course, don't upset your business and don't react,' added Peacock. 'Continue to survive, but at the same time, look at multi-sourcing into other markets that you can secure.' Trombly's Tackle Box in Orillia has been in business for almost 40 years. Logan Trombly, the owner, says the majority of their guns come from the US. 'We have made a decision recently on a lot of the American made brands,' said Trombly. 'At this point in time we're holding off on bringing them in, except for a couple of categories, because there is such a demand on some of those products.' Trombly says there no question the extra cost will have to be passed onto to consumers and that puts everyone in a difficult position. 'Some products that we sell use to retail it for $899 and our cost now is like three hundred dollars more than we use to sell it for' added Trombly. The owners say they hope the tariff situation will be addressed later this month at the G7 Summit in Alberta.

Trump administration signals it will slash funds for long-delayed California high-speed rail project
Trump administration signals it will slash funds for long-delayed California high-speed rail project

Winnipeg Free Press

time30 minutes ago

  • Winnipeg Free Press

Trump administration signals it will slash funds for long-delayed California high-speed rail project

LOS ANGELES (AP) — The Trump administration signaled Wednesday that it intends to cut off federal funding for a long-delayed California high-speed rail project plagued by multibillion-dollar cost overruns, following the release of a scathing federal report that concluded there is 'no viable path' to complete even a partial section of the line. Voters first authorized $10 billion in borrowed funds in 2008 to cover about a third of the estimated cost, with a promise the train would be up and running by 2020. Five years beyond that deadline, no tracks have been laid and its estimated price tag has ballooned to over $100 billion. In a letter to the California High-Speed Rail Authority, which oversees the project, Federal Railroad Administration acting Administrator Drew Feeley wrote that what was envisioned as an 800-mile system connecting the state's major cities has been reduced to a blueprint for 'a 119-mile track to nowhere.' After a $4 billion federal investment, the California agency 'has conned the taxpayer … with no viable plan to deliver even that partial segment on time,' Feeley wrote. State officials defended what's known as the nation's largest infrastructure project and said they remain committed to construction, though it's not clear what funding would replace the federal support if it's withdrawn. Feeley noted the FRA could seek repayment of the federal funds but is not proposing to claw back those dollars at this time. Carol Dahmen, the state authority's chief of strategic communications, said in a statement that the federal conclusions are misguided and 'do not reflect the substantial progress made to deliver high-speed rail in California.' Dahmen noted that the majority of the funding for the line has been provided by the state and that Democratic Gov. Gavin Newsom's budget proposal would extend at least $1 billion a year for 20 years to complete an initial segment of the line. State officials are focused on a stretch connecting the Central Valley cities of Bakersfield and Merced, which is set to be operating by 2033. The state agency has about a month to formally respond to the FRA, after which the grants could be terminated. State Sen. Tony Strickland, a Republican from Huntington Beach who is vice chair of the Transportation Committee, said that 'commonsense has prevailed' and urged the Legislature's dominant Democrats to redirect the funds from the rail line to lowering gas prices or investing in viable construction projects. 'Let's stop wasting California's hard-earned taxpayer dollars,' Strickland said. Monday Mornings The latest local business news and a lookahead to the coming week. There is no known source for the billions of dollars that would be needed to complete the line. California High-Speed Rail Authority CEO Ian Choudri suggested in April that private investors could step in and fill the funding gap for the project that promised nonstop rail service between San Francisco and Los Angeles in under three hours. At the time, he acknowledged that even if funding is secured, it might take nearly two more decades to complete most of that segment. President Donald Trump — who canceled nearly $1 billion in federal dollars for the project in his first term — said in May that his administration will not continue to fund the line. 'That train is the worst cost overrun I've ever seen,' Trump told reporters at the time, calling it 'totally out of control.' California Democratic U.S. Sens. Alex Padilla and Adam Schiff called the administration's announcement a 'devastating' blow for 21st century transportation and an effort to punish a heavily Democratic state that didn't support the Republican president in the election. 'High-speed rail is the future of transportation with the potential to bring customers to new businesses, businesses to new employees and to connect communities hundreds of miles away with affordable and faster transit,' they said in a joint statement.

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