Following a 30-day pause on US tariffs, New Brunswick will maintain existing American alcohol on NB Liquor shelves but halt further purchases. Premier Susan Holt announced this decision alongside a four-point plan to review government procurement, support workers and businesses affected by potential tariffs, review internal trade barriers, and explore additional protective measures. While some contracts with US companies will be maintained for essential services, the province aims to replace US products with Canadian alternatives wherever possible. This response comes after several other Canadian provinces implemented similar measures, including banning US alcohol and limiting contracts with US companies.
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Elon Musk, acting as an unofficial co-autocrat with President Trump, has seized significant control over the US government. This power grab involves Musk unilaterally cancelling government grants, accessing and controlling the Treasury’s payment system, and gaining access to sensitive personal data on all US taxpayers. This action, achieved through Trump’s unauthorized “Department of Government Efficiency,” constitutes a de facto coup, bypassing Congressional authority and established checks and balances. Musk’s actions, enabled by his close relationship with Trump, represent a profound threat to American democracy.
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Following a federal court order temporarily blocking President Trump’s freeze on federal funding, the Department of Justice (DOJ) argued the order only addressed the OMB memo, not the president’s broader spending priorities. The DOJ contends the order’s ambiguity could unduly restrict executive branch authority and the separation of powers. Plaintiffs, 22 Democratic states and Washington D.C., challenged the funding freeze as a violation of the separation of powers and the Administrative Procedure Act. Despite the OMB rescinding its initial memo, the DOJ maintains the administration can still communicate with agencies about spending priorities.
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A tentative agreement has been reached between Costco and the Teamsters union, preventing a potential strike by 18,000 Costco workers across six states. The agreement, pending member ratification, comes after a vote authorizing a strike if a new contract wasn’t finalized by the previous contract’s expiration. The union sought a contract reflecting Costco’s substantial recent financial growth. Specific details of the tentative agreement are yet to be released.
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Ecuador’s President Daniel Noboa announced a 27% tariff on Mexican goods, citing unfair treatment of Ecuadorian producers and a lack of a free trade agreement. This affects $541 million in Mexican imports to Ecuador in 2023, with pharmaceuticals being a significant component. The move follows strained diplomatic relations stemming from a raid on the Mexican embassy in Quito. While Ecuador is a small trading partner for Mexico, the tariff represents a significant escalation of trade tensions between the two nations.
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An undated memo signed by Transportation Secretary Sean Duffy directs the Department of Transportation (DOT) to prioritize projects in communities exhibiting higher-than-average marriage and birth rates. This directive, impacting DOT grants and programs, aims to mitigate the effects of DOT activities on families and improve internal management, according to the memo. The policy’s potential impact on communities with lower rates remains uncertain and the DOT has yet to publicly comment on the memo. This decision follows other recent actions by the Trump administration focused on dismantling diversity, equity, and inclusion initiatives within the department.
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Tesla’s January performance in France, the EU’s second-largest EV market, was significantly weaker than the overall market trend. Registrations dropped a dramatic 63%, totaling just 1,141 vehicles — the lowest since August 2022. This decline contrasts with a small overall decrease in industry sales and EV sales specifically. The sharp fall in Tesla registrations suggests challenges for the company in this key European market.
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Ukrainian reports indicate a potential withdrawal of North Korean troops from the front lines in the Kursk region, following heavy casualties estimated at 1,000 out of 11,000 deployed soldiers in just three months. This assessment, supported by similar reports from the New York Times, suggests significant losses impacting North Korea’s participation in the conflict. While the withdrawal may not be permanent, the North Koreans’ apparent vulnerability to Ukrainian drones highlights the challenges they face in modern warfare. Despite this setback, Russia and North Korea continue to strengthen their military alliance.
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China is initiating legal action against the U.S. at the WTO, alleging that President Trump’s 10% tariff on all Chinese imports violates WTO trade rules. This action follows Trump’s justification of the tariffs under the IEEPA, citing a national emergency due to illegal immigration and drug trafficking, primarily fentanyl originating from China. While China acknowledges its role in providing precursor chemicals, it rejects responsibility for the U.S. fentanyl crisis and urges a more collaborative approach to address the issue. The Chinese Ministry of Commerce vows to implement countermeasures to protect its interests.
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President Trump’s newly imposed 25% tariffs on Canadian and Mexican aluminum imports have caused a ripple effect, prompting a temporary pause by Prime Minister Trudeau. The tariffs’ potential to disrupt global aluminum markets is evident in a significant drop in European aluminum premiums, as Canadian shipments are expected to be diverted. Canada supplied 56% of U.S. aluminum imports in 2023, highlighting the substantial impact of this trade dispute. The European Union, while a smaller importer of Canadian aluminum, has also seen market changes in response to the tariffs.
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John Q. Hosedrinker