Trump Threatens Canada Ahead of Trade Deadline for Backing Palestinian State
Prime Minister Mark Carney of Canada had said on Wednesday that Canada would recognize Palestine as a state if the Palestinian Authority commits to certain conditions, including holding elections.
'That will make it very hard for us to make a trade deal with them,' Mr. Trump wrote on his Truth Social platform shortly after midnight on Thursday.
The president had set a deadline of Aug. 1 for countries to finish negotiating trade deals with his administration, otherwise tariffs of up to 50 percent would be imposed on the products they send to the United States. Come Friday, exports from Canada, the United States' second-largest trading partner, would bear a 35 percent tariff.
Canada's announcement followed a similar move last week by President Emmanuel Macron of France to recognize Palestine. Prime Minister Keir Starmer on Tuesday said Britain would recognize Palestine if Israel did not reach a cease-fire agreement on the war in Gaza by September. Mr. Trump has dismissed Mr. Macron's announcement, saying it 'doesn't carry any weight.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Why Amazon Stock Is Plummeting Today
Key Points Amazon's shares slipped after Q2 earnings revealed slower-than-hoped-for AWS growth that lagged growth seen by its rivals. New tariffs imposed by President Trump complicate its operations. 10 stocks we like better than Amazon › Shares of Amazon (NASDAQ: AMZN) are falling on Friday, down 8.3% as of 3:28 p.m. ET. The move comes as the S&P 500 and Nasdaq Composite have lost 1.7% and 2.3%, respectively. Amazon released its Q2 financials, which, while beating many of Wall Street's expectations, fell short of lofty targets in a few key areas. News of additional tariffs is also affecting shares. Amazon's cloud business is growing, but not fast enough for some investors Amazon's Q2 earnings report revealed the company beat consensus estimates for both earnings per share and revenue. The company delivered $1.68 per share on $167.70 billion in sales, while $1.33 per share on $162.09 billion was expected. However, investors were paying close attention to growth in the company's data center business, Amazon Web Services (AWS), and how it compares to its competition. The 18% year-over-year growth was much less than that of Microsoft's Azure or Alphabet's Google Cloud, which recorded 39% and 32% growth, respectively. Still, CEO Andy Jassy drove home the point that AWS is still by far the dominant player, saying, "I think the second player is about 65% of the size of AWS." Trump's new tariffs President Trump signed an executive order updating "reciprocal" tariff rates for many countries, with new rates from 10% to 41%, on the August 1st deadline. Markets appear to have thought another extension would be announced, and stocks are down across the board. Because of Amazon's reliance on international trade, its stock was hit particularly hard. Despite the tariff news and the somewhat underwhelming Q2 report, Amazon remains an incredibly profitable company with major growth potential. Should you buy stock in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Why Amazon Stock Is Plummeting Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
Micah Parsons' dad once named Chiefs, Steelers, Lions as preferred trade destinations
With Micah Parsons officially requesting a trade from the Dallas Cowboys, an old clip of his father, Terrence Parsons, talking about preferred destinations for his son in a hypothetical trade scenario has resurfaced. During an appearance on the "Life in the Stands" podcast in December 2024, Parsons' dad stated that his preferred trade landing spots for the superstar edge rusher are the Kansas City Chiefs, Pittsburgh Steelers, and Detroit Lions. "I know Pittsburgh fans are like, 'whoa,' but I'm sorry, him [Micah Parsons] and [T.J.] Watt together would be like cheating," Terrence Parsons said. "Him and [Aidan] Hutchinson together in Detroit would be like cheating. I love it. Kansas City, that's who they are right now." Parsons requested a trade out of Dallas due to the franchise's lack of communication with his agent. The 26-year-old's relationship with the Cowboys and owner Jerry Jones seems to be completely destroyed. Dallas has no plans of trading Parsons, but if they can't agree on a long-term extension with him, they may be forced to move him at some point. Parsons' father's landing spots for the four-time Pro Bowl edge rusher are bold. Adding Parsons to Kansas City's defense would be lethal, while pairing the disgruntled Cowboy with Watt or Hutchinson in Detroit would also be pretty much unstoppable. However, none of the teams Parsons' dad listed as preferred spots have the money to sign Parsons to a record-breaking extension. The Chiefs are slated to have negative $61 million in cap space next offseason, and the Steelers already have two expensive edge rushers in Watt and Alex Highsmith. As for the Lions, the team must prioritize getting an extension done with Hutchinson first, which likely takes them out of the running for Parsons. It's possible that Parsons lands with one of three destinations his dad spoke about during a podcast appearance last year, as all three franchises are playoff contenders, and two are legitimate Super Bowl contenders in Kansas City and Detroit. However, it remains to be seen whether any have the money to sign Parsons to a new deal after trading valuable picks for him while also keeping their core together. MORE:Infamous Raiders trade used as measuring stick for potential Micah Parsons deal
Yahoo
5 minutes ago
- Yahoo
Tariffs Pump Cash, Reshoring Pitch Splits Opinion
The U.S. just started collecting another big haul now that the August 1 tariff hikes landed. Even countries that cut new deals with Washington didn't get a passJapan and the EU are still paying 15%. Markets dipped, but stocks barely blinked; they're still close to record highs. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Importers are the ones writing the checks, and they're coping however they can: passing costs to customers, trimming margins, finding other suppliers, or cutting their own costs. The bottom line is simplethose tariffs are stuffing the Treasury. The White House isn't pretending this is only about money. Trump's pitch is that the pain will pull manufacturing back to U.S. soil, that higher import costs will nudge companies to build here again. That's a big assumption, and people are split. The cash is already showing up: June brought a rare $27 billion surplus, largely thanks to customs duties. Still, the bigger picture is soberingthe U.S. is running a $1.34 trillion deficit year to date, so unless spending gets reined in, the tariff windfall only goes so far. Tariffs are buying time and filling coffers, but whether this becomes a real reshoring story or just temporary noise depends on follow-through and whether Washington pairs revenue with discipline. Watch if the money keeps coming and if spending gets tightened. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
