Canada’s retaliatory tariffs on nearly $20 billion in U.S. goods took effect Tuesday, intensifying a trade fight after talks collapsed. The measures cover more than 700 products and come as both governments exchange warnings and threats of further restrictions.
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Trump said Bombardier should no longer sell planes in the United States unless it builds them there, intensifying a trade dispute with Canada. Bombardier and Sen. Jerry Moran pointed to the company’s U.S. jobs, facilities and supply chain.
Iran plans a maritime exclusion zone near the Strait of Hormuz as U.S.-Iran strikes escalate, pushing Brent crude toward $97 a barrel. Gasoline and diesel prices are rising in the United States, while Iran has raised fuel costs for its heaviest users.
The U.S. economy added 162,000 jobs in August, far above forecasts, while the unemployment rate held at 4.1%. The report increased expectations for a Federal Reserve rate hike as inflation and borrowing costs remain in focus.
WNBA Commissioner Cathy Engelbert will retire at the end of the year after more than seven years leading the league through major financial growth, a new labor deal and rising public attention. She said the decision was her own and that the timing is right after securing a CBA, media rights deal and expansion plans.
U.S. diesel prices reached a record $5.85 a gallon as the Iran conflict continued to disrupt shipping through the Strait of Hormuz. The Trump administration says oil flows are improving, but shipping data cited by CBS News shows traffic remains below pre-war levels.
U.S. employers added 162,000 jobs in August, far above economists’ forecasts, while the unemployment rate stayed at 4.1%. The report showed gains in restaurants, bars and education but raised questions about wages, inflation and the Federal Reserve’s next move.
The average U.S. diesel price reached a record $5.85 a gallon, driven by war-related supply disruptions, refinery constraints and seasonal demand. The surge is raising costs for freight, farming, groceries and heating fuel in the U.S. and UK.