Daily Summary
President Trump has imposed a 10% tariff on all imports with higher penalties for major trading partners, marking a move towards protectionism that experts warn could hurt economic growth and strain ties. Canada's Liberal Party is holding a leadership contest to choose Justin Trudeau’s successor, with international figures like Mark Carney and Chrystia Freeland drawing global interest amid lingering political influences. Meanwhile, deep Republican divisions and an urgent funding deadline are putting a potential U.S. government shutdown at risk, threatening federal operations and worker livelihoods.
President Trump Imposes Sweeping Tariffs, Marking a Turn Toward Protectionism
On April 2, 2025, President Trump announced a 10% baseline tariff on all imports as part of a move toward protectionism, targeting key trading partners. Critics caution that the measure could trigger higher prices and economic instability.
Canada's Liberal Leadership Race Intensifies Ahead of March Election
Canada’s Liberal Party leadership race to choose Trudeau’s successor is heating up ahead of the March election, with contenders Mark Carney and Chrystia Freeland emerging as key figures.
Potential Government Shutdown Looms Amid GOP Divisions
With funds set to run out by March 14, deep internal GOP divisions and a dependence on Democratic votes risk a potential government shutdown, which would disrupt government operations and affect federal workers.