The Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US imports. This comes after the EU announced its own tariffs on US goods. President Trump says "whatever they charge us with, we're charging them".So what do EU, Canadian and US businesses think? Rahul Tandon finds out.
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South Africa’s budget deadlock: Treasury proposes smaller VAT hike
South Africa’s National Treasury has presented a revised budget that includes a smaller increase in value-added tax. The move is aimed at breaking the deadlock within the coalition government after disagreements led to the postponement of last month’s budget—the first delay of its kind in 30 years.
Also on the programme, the trade war heats up in Europe. We’ll hear from the European Commission's spokesperson as the group retaliates against President Trump’s 25 per cent tariffs on steel and aluminium.And—does the internet have a memory problem? The BBC’s Frey Lindsay has been investigating the phenomenon known as "link rot."
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26:28
Tariffs, threats and backtracking
Canada and the United States have each backtracked on some tariff threats amid further trade turmoil. But America still plans a 25% tariff on Canadian steel and aluminium imports on Wednesday. We hear what a ceasefire could mean for Ukraine’s economy. And, as Manchester United plans to build a $2 billion stadium, Rahul Tandon asks can they afford it?
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26:29
US markets under pressure as Trump targets Canada with new tariffs
As Donald Trump announces plans to double tariffs on Canadian steel and gas, we take stock of how the US markets are reacting.Tesla shares are taking a big hit—but is this about broader challenges facing electric vehicle makers, or fallout from Elon Musk’s political moves?We’ll also head to Greenland, where voters are going to the polls amid renewed interest from President Trump in buying the Danish territory.And one of the world’s biggest sports franchises Manchester United, is planning a new 100,000-seat stadium—but with questions over financing, can they make it work?
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26:28
Tariffs: It's a bad day for the US markets
US markets are down today after President Trump refused to rule out recession in an interview — could uncertainty over tariffs and the economy be fuelling the decline? The Nasdaq suffered its worst day in several years, closing down by four percent.How are the on-again, off-again tariffs affecting businesses? Rahul Tandon speaks to an American seafood wholesaler who imports oysters from Canada.And President Trump wants to take over Greenland - why?
Ireland