Trump says he's "terminating all discussions on trade with Canada, effective immediately"
Fed Chair testifies that tariffs could drive up inflation, which is why rates were held steady
President Trump says he's "terminating all discussions on trade with Canada, effective immediately," after Canada announced a digital services tax on large foreign and domestic technology companies.
Posting on Truth Social Friday afternoon, the president said the U.S. will let Canada know what their tariff rate will be in the next week. The trade talks blowup comes only a week after the president met with Canadian Prime Minister Mark Carney at the Group of Seven economic summit in Alberta.
"We have just been informed that Canada, a very difficult Country to TRADE with, including the fact that they have charged our Farmers as much as 400% Tariffs, for years, on Dairy Products, has just announced that they are putting a Digital Services Tax on our American Technology Companies, which is a direct and blatant attack on our Country," the president wrote. They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately."
The post came shortly after Mr. Trump told reporters in a press conference at the White House that he will soon be sending letters to countries with whom trade talks aren't going well, and tell them what their tariff rate is.
Canada is one of the United States' biggest trading partners. The U.S. has imposed tariffs on most imports from Canada, and Canada has hit back with tariffs on U.S. exports to Canada.
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Washington Post
25 minutes ago
- Washington Post
Biden to attend funeral for former Minnesota House Speaker Hortman, who was killed in shooting
MINNEAPOLIS — Former President Joe Biden and former Vice President Kamala Harris will join the mourners Saturday at the funeral for former Minnesota House Speaker Melissa Hortman, who was killed in a pair of attacks that authorities have called an assassination and that also left her husband dead and a state senator and his wife seriously wounded. Biden also paid his respects Friday as Hortman, her husband, Mark, and their golden retriever, Gilbert, lay in state in the Minnesota Capitol rotunda in St. Paul, a few hours after the man charged with killing them while disguised as a police officer June 14 made a brief court appearance in a suicide prevention suit. The couple's private funeral, at the Basilica of Saint Mary in Minneapolis, is set for 10:30 a.m. Saturday. It will be livestreamed on the Department of Public Safety's YouTube channel . Neither Biden nor Harris is expected to speak. Harris expressed her condolences earlier this week to Hortman's adult children, and spoke with Gov. Tim Walz , her running mate on the 2024 Democratic presidential ticket, who extended an invitation on behalf of the Hortman family, her office said. Hortman, a Democrat , was the first woman and one of fewer than 20 Minnesotans to lay in state at the Capitol . It was the first time a couple has been accorded the honor, and the first for a dog. Gilbert was seriously wounded in the attack and had to be euthanized. The Hortmans' caskets and the dog's urn were arranged in the center of the rotunda, under the Capitol dome, with law enforcement officers keeping watch as thousands of people filed by. Many fought back tears as they left. Among the first to pay their respects were Walz, who has called Hortman his closest political ally , and his wife, Gwen. Biden, a Catholic, visited later in the afternoon, walking up to the velvet rope in front of the caskets, making the sign of the cross and spending a few moments by himself in silence. He then took a knee briefly, got up, made the sign of the cross again and walked off to greet people waiting in the wings of the rotunda. Lisa Greene, who lives in the Minneapolis suburb of Brooklyn Park like Hortman did, but in a different House district, said she came to the Capitol because she had so much respect for the former speaker. 'She was just amazing. Amazing woman. And I was just so proud that she represented the city that I lived in,' Greene said in a voice choked with emotion. 'She was such a leader. She could bring people together. She was so accessible. I mean, she was friendly, you could talk to her.' But, she went on to say admiringly, Hortman was also 'a boss.' 'She just knew what she was doing and she could just make things happen,' she said. The man accused of killing the Hortmans at their home and wounding Democratic state Sen. John Hoffman, and his wife, Yvette, at their home in nearby Champlin, made a short court appearance Friday for what the acting U.S. attorney for Minnesota, Joseph Thompson, has called 'a political assassination.' Vance Boelter, 57, of Green Isle, surrendered near his home the night of June 15 after what authorities called the largest search in Minnesota history . An unshaven Boelter was brought in wearing just a green padded suicide prevention suit and orange slippers. Federal defender Manny Atwal asked Magistrate Judge Douglas Micko to continue the hearing until Thursday. He agreed. She said Boelter has been sleep deprived while on suicide watch in the Sherburne County Jail, and that it has been difficult to communicate with him as a result. 'Your honor, I haven't really slept in about 12 to 14 days,' Boelter told the judge. And he denied being suicidal. 'I've never been suicidal and I am not suicidal now.' Atwal told the court that Boelter had been in what's known as a 'Gumby suit,' without undergarments, ever since his transfer to the jail after his first court appearance on June 16. She said the lights are on in his area 24 hours a day, doors slam frequently, the inmate in the next cell spreads feces on the walls and the smell drifts to Boelter's cell. The attorney said transferring him to segregation instead, and giving him a normal jail uniform, would let him get some sleep, restore some dignity and let him communicate better. Boelter did not enter a plea. Prosecutors need to secure a grand jury indictment first. According to the federal complaint, police video shows Boelter outside the Hortmans' home and captures the sound of gunfire. And it says security video shows Boelter approaching the front doors of two other lawmakers' homes. His lawyers have declined to comment on the charges, which could carry the federal death penalty. Thompson said last week that no decision has been made. Minnesota abolished its death penalty in 1911. Boelter also faces separate murder and attempted murder charges in state court that could carry life without parole. Friends have described Boelter as an evangelical Christian with politically conservative views . But prosecutors have declined so far to speculate on a motive.
New York Times
36 minutes ago
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Club World Cup prize money rankings: How much has each team earned so far?
Forty-eight games down, 15 to go. FIFA's new, engorged Club World Cup has completed its group stage, 16 clubs are on their way home and, over the next fortnight, the remaining 16 will tussle to lift a trophy so gaudy even Louis XIV might have turned his nose up at it. Alongside that (notably heavy) trinket, whoever runs out victorious in East Rutherford in mid-July will also bank themselves a hefty cash prize. The winners of this summer's tournament will earn a further $74.1million (£54m), including $40m from the final alone, on top of what they have already pocketed from the competition — and much of FIFA's $1billion prize pot has now been allocated. 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UEFA clubs qualified either by winning the Champions League between 2020-21 and 2023-24 or through their coefficient ranking over the same period. Participation fees for European clubs in the Club World Cup were "determined by a ranking based on sporting and commercial criteria", according to FIFA. To work out the prize money rankings, we've assumed clubs were ordered by their coefficient ranking, although FIFA's inclusion of "commercial criteria" means our figures might not be exactly right. The Athletic has not been able to establish the exact allocation of participation fees to UEFA clubs. Regardless of the order, it's fairly clear European sides will be taking home most of the spoils. The top eight prize money spots are occupied by European clubs and of the $741m allocated, $424.5m (57 per cent) has gone to UEFA clubs. On average, the 12 competing clubs from football's richest continent have earned $35.4m apiece this summer. Behind them, CONMEBOL's South American teams have picked up an average of $23.9m each, as Brazil's four competing teams lost just one of their 12 group games and all four qualified for the knockout rounds. The failure of the Argentinian sides to do the same, however, brought CONMEBOL's average down. The distribution of participation fees ensured Europe's clubs would always get the biggest slice of the prize. It speaks volumes that Porto and Atletico Madrid were knocked out at the group stage but have earned more than Al Hilal, Inter Miami and Monterrey, who have reached the last 16. Yet between them, the six CONMEBOL teams have banked $143.3m, just under a fifth of the prize pot distributed so far. The remaining four confederations have earned $173.2m combined. The five Concacaf clubs' earnings total $71.8m, even as Pachuca and Seattle Sounders, who both lost all three of their group games, failed to build on their $9.6m in participation fees. Of the three MLS teams competing, only Inter Miami remain, having generated $21.1m before Sunday's meeting with Paris Saint-Germain. In theory, Miami, Seattle and Los Angeles FC each get to enjoy their respective sums, with the prize money remaining in club hands rather than going into a central MLS pot. Less clear is where it will go next. A dispute between MLS, acting on the three clubs' behalf, and the MLS Players Association over player bonuses — subject to a cap that the money from the Club World Cup far exceeds — remains ongoing. Returning to those Brazilian clubs, this summer's tournament has offered quite the boon to at least two of them. Flamengo and Palmeiras already lead the revenue stakes back home, but based on the most recent figures, fellow Club World Cup participants Fluminense and Botafogo were sixth and eighth among their domestic rivals. Each of them has earned $26.7m, a huge proportion of their usual revenues. 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Associated Press
37 minutes ago
- Associated Press
Biden to attend funeral for former Minnesota House Speaker Hortman, who was killed in shooting
MINNEAPOLIS (AP) — Former President Joe Biden and former Vice President Kamala Harris will join the mourners Saturday at the funeral for former Minnesota House Speaker Melissa Hortman, who was killed in a pair of attacks that authorities have called an assassination and that also left her husband dead and a state senator and his wife seriously wounded. Biden also paid his respects Friday as Hortman, her husband, Mark, and their golden retriever, Gilbert, lay in state in the Minnesota Capitol rotunda in St. Paul, a few hours after the man charged with killing them while disguised as a police officer June 14 made a brief court appearance in a suicide prevention suit. The service The couple's private funeral, at the Basilica of Saint Mary in Minneapolis, is set for 10:30 a.m. Saturday. It will be livestreamed on the Department of Public Safety's YouTube channel. Neither Biden nor Harris is expected to speak. Harris expressed her condolences earlier this week to Hortman's adult children, and spoke with Gov. Tim Walz, her running mate on the 2024 Democratic presidential ticket, who extended an invitation on behalf of the Hortman family, her office said. The scene at the Capitol Hortman, a Democrat, was the first woman and one of fewer than 20 Minnesotans to lay in state at the Capitol. It was the first time a couple has been accorded the honor, and the first for a dog. Gilbert was seriously wounded in the attack and had to be euthanized. The Hortmans' caskets and the dog's urn were arranged in the center of the rotunda, under the Capitol dome, with law enforcement officers keeping watch as thousands of people filed by. Many fought back tears as they left. Among the first to pay their respects were Walz, who has called Hortman his closest political ally, and his wife, Gwen. Biden, a Catholic, visited later in the afternoon, walking up to the velvet rope in front of the caskets, making the sign of the cross and spending a few moments by himself in silence. He then took a knee briefly, got up, made the sign of the cross again and walked off to greet people waiting in the wings of the rotunda. Lisa Greene, who lives in the Minneapolis suburb of Brooklyn Park like Hortman did, but in a different House district, said she came to the Capitol because she had so much respect for the former speaker. 'She was just amazing. Amazing woman. And I was just so proud that she represented the city that I lived in,' Greene said in a voice choked with emotion. 'She was such a leader. She could bring people together. She was so accessible. I mean, she was friendly, you could talk to her.' But, she went on to say admiringly, Hortman was also 'a boss.' 'She just knew what she was doing and she could just make things happen,' she said. A hearing takes a twist The man accused of killing the Hortmans at their home and wounding Democratic state Sen. John Hoffman, and his wife, Yvette, at their home in nearby Champlin, made a short court appearance Friday for what the acting U.S. attorney for Minnesota, Joseph Thompson, has called 'a political assassination.' Vance Boelter, 57, of Green Isle, surrendered near his home the night of June 15 after what authorities called the largest search in Minnesota history. An unshaven Boelter was brought in wearing just a green padded suicide prevention suit and orange slippers. Federal defender Manny Atwal asked Magistrate Judge Douglas Micko to continue the hearing until Thursday. He agreed. She said Boelter has been sleep deprived while on suicide watch in the Sherburne County Jail, and that it has been difficult to communicate with him as a result. 'Your honor, I haven't really slept in about 12 to 14 days,' Boelter told the judge. And he denied being suicidal. 'I've never been suicidal and I am not suicidal now.' Atwal told the court that Boelter had been in what's known as a 'Gumby suit,' without undergarments, ever since his transfer to the jail after his first court appearance on June 16. She said the lights are on in his area 24 hours a day, doors slam frequently, the inmate in the next cell spreads feces on the walls and the smell drifts to Boelter's cell. The attorney said transferring him to segregation instead, and giving him a normal jail uniform, would let him get some sleep, restore some dignity and let him communicate better. The case continues Boelter did not enter a plea. Prosecutors need to secure a grand jury indictment first. According to the federal complaint, police video shows Boelter outside the Hortmans' home and captures the sound of gunfire. And it says security video shows Boelter approaching the front doors of two other lawmakers' homes. His lawyers have declined to comment on the charges, which could carry the federal death penalty. Thompson said last week that no decision has been made. Minnesota abolished its death penalty in 1911. Boelter also faces separate murder and attempted murder charges in state court that could carry life without parole. Friends have described Boelter as an evangelical Christian with politically conservative views. But prosecutors have declined so far to speculate on a motive.
