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OTTAWA - Canada on Tuesday announced retaliatory tariffs on C$27.6 billion ($19.94 billion) worth of United States goods, ​matching dollar-for-dollar new duties imposed by Washington, and unveiled ‌financial support for Canadian businesses and workers caught in the escalating trade war.
The counter-tariffs take effect on U.S. goods from September 8 and ​will impose duties of 15%, 25% and 50% across ​700 products imported from south of the border, a ⁠government statement said.
In terms of financial support for affected workers ​and industries, Canada announced a C$7.5 billion package of new ​and enhanced measures including support for small and medium-sized businesses, a stream for funding cash flows of companies, and support for workers who could ​be at risk due to the new tariffs.
From Saturday, President ​Donald Trump's new 50% tariffs across $20 billion of Canadian imports took effect after ‌talks ⁠between the two countries to avert the tariffs collapsed.
The new tit-for-tat tariffs mark a new low in the Canada-U.S. relationship.
"Our dollar-for-dollar, rate for rate counter-tariffs as well as a multi-billion dollar ​support package will ​protect workers, ⁠farmers, families, and businesses," Canada's Finance Minister François-Philippe Champagne said.
The new tariffs are designed so that ​the impact on Canadian consumers and businesses is ​minimal ⁠and could still hit the U.S., a government official said.
The 50% tariffs are on some important sectors such as steel, aluminum, ⁠furniture and ​clothing, 25% tariffs are on cheese, ​appliances and some seafood, while the 15% tariffs will be on electronics and ​tools, the official said. -Reueters
#USA #Canada

Cryptocurrency exchange Binance has announced that it will stop processing transactions related to HTX and ten other crypto platforms. This decision is related to the inclusion of HTX in the European Union's sanctions list against Russian companies. The impact of such a restriction will be felt by users who interact with the mentioned platforms, as well as increased control over the crypto market in the context of sanctions policy.
Binance restrictions in the context of EU sanctions
HTX, one of the crypto platforms that was sanctioned, will now not be able to process transactions through Binance. Along with HTX, ten more platforms that support or have ties to sanctioned organizations were added to the list. This is Binance's step in response to its commitment to comply with international sanctions and avoid risks associated with violating EU law.
Impact on Ukrainian users and the market
Although HTX and other platforms are not Ukrainian companies, Binance's sanctions and restrictions have an indirect impact on Ukrainian cryptocurrency users. Ukrainian traders and investors using Binance may face restrictions on transactions if they are related to crypto platforms that have been sanctioned. This reinforces the general trend of increased regulation of the cryptocurrency market, which is important for the stability of the hryvnia and protection against illicit financial flows.
Binance’s compliance activities
Binance is actively working to improve its compliance systems to comply with international requirements for combating money laundering and terrorist financing. Refusing to process transactions with the mentioned platforms is part of this strategy. The company seeks to minimize legal risks and ensure transparency of transactions for users.
Key facts
Binance suspends transactions with HTX and 10 other crypto platforms.
HTX is included in the EU sanctions list targeting Russian companies.
The restriction applies to platforms that have ties to sanctioned entities.
Binance users who interact with these platforms will feel the consequences.
The decision is related to compliance with international legal norms and sanctions.
What does this mean for the market
This move by Binance indicates increased regulatory pressure on cryptocurrency platforms and the growing importance of compliance with sanctions. For the market, this means an increased level of control and the need to be more careful in choosing partners and platforms for transactions. Ukrainian users should be attentive to changes in service availability and possible restrictions that may affect their activities in the crypto space.
#Binance #EU

Shares of South Korean chipmaker Samsung Electronics fell more than 5% in early trading on Monday, after the company said last week that its payout to shareholders this year could reach 110 trillion won, or $79.38 billion. Samsung Electronics shares were down 5.2% as of 00:13 GMT.
Shareholder payouts
Samsung Electronics said it could pay shareholders up to 110 trillion won in dividends in 2026. The report quoted the exchange rate as 1,385.7800 won to one US dollar. The source did not provide further details on the mechanism or components of these payouts.Shareholder payments
Samsung Electronics reported a possible amount of shareholder payments of up to 110 trillion won in 2026. The material gives the exchange rate: one US dollar equaled 1,385.7800 won. The source does not provide additional details about the mechanism or components of these payments.
Trading in South Korea
At the same time, shares of another chip manufacturer SK Hynix rose by 2.4%. The benchmark KOSPI index fell by 0.7% at that time. Channel NewsAsia, which published the Reuters material, reports on the dynamics of trading in Seoul.
#Samsung #Seoul #SouthKorean

Mohsen Rezaei said that Tehran will first try to convince neighbors not to join US pressure
Iran has threatened to strike at the interests of countries that join the US economic campaign against Tehran. Secretary of Iran's Supreme National Security Council Mohsen Rezaei said that if sanctions are maintained, Tehran may block oil exports not only through the Strait of Hormuz, which is already closed, but from the entire Persian Gulf in general. This is reported by Press TV.
According to Rezaei, Tehran does not seek to expand the war, but considers the participation of other states in the economic pressure of the United States as a direct threat to its own interests. He called on neighboring countries and other countries of the world not to join the American economic campaign against Iran.
The Iranian official said that in the event of the introduction of restrictions against Tehran, such a country will first be tried to persuade to abandon this policy. After negotiations, according to him, Iran may proceed to actions against the interests of the state that supported Washington.
"Any country that joins in imposing economic restrictions against us will be considered an enemy by us," Rezai said.
Threat to block oil from the entire Gulf
Rezaei also warned of the possible extension of the blockade to the entire Persian Gulf. Iran has already closed the Strait of Hormuz and, according to the official, does not currently plan to open it until the US fulfills its obligations. If neighboring countries support the economic blockade of Iran, Tehran will not allow oil to be exported by any route from the region.
“If they start doing this, we will not allow a single drop of oil to be taken out – not just through the Strait of Hormuz, but from the Persian Gulf in general,” he said.
Rezaei also warned the US against building up its military presence in the region. “We advise the Americans not to build up their military presence – if they do, we will strike. We will attack every encounter with counter-revolutionary elements. Our strikes are now targeted,” he said.
The statements came amid a standoff over the Strait of Hormuz, a key route for global oil supplies. Iran and Oman had previously agreed on the geographical coordinates of a proposed route for safe passage of commercial vessels through the strait, but Tehran stressed that this agreement in itself did not mean the full restoration of free navigation.
#Iran #Tehran #USA #Washington #Rezai