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Canada and Mexico Respond As President Admits Taxes May Raise Prices (Live Updates)
Topline
U.S. futures and global stocks were hit by a selloff early on Monday as markets around the world braced for a potential trade war triggered by President Donald Trump’s decision to impose sweeping tariffs on imports from Canada, Mexico, and China—which warned of “necessary countermeasures.”
U.S. President Donald Trump speaks to reporters about the collision of an American Airlines flight … [+]
Timeline
said the province, which includes Toronto, will ban all U.S. companies from receiving government contracts with the province, saying those companies “only have President Trump to blame”—and canceled the province’s contract with Elon Musk-led satellite internet company Starlink, writing, “Ontario won’t do business with people hellbent on destroying our economy.”
Ontario Premier Doug FordWith a threat of tariffs on European imports to the U.S. looming, markets in the continent were also hit with by a selloff with the Euro STOXX 50 Index sliding 1.6% while the London Stock Exchange’s FTSE 100 Index fell 1.2%
The U.S. Dollar Index—which measures the U.S. currency against a basket of six other major currencies—rose to a two-year high of 109.45 on Monday morning, up nearly 1%.
The cryptocurrency market also appears to have been rattled by the fears of a trade war with Bitcoin’s price dropping more than 3.6% in the past 24 hours to $95,509.
Ether, which is the world’s second most valuable crypto token by market cap, was hit even harder as it price has crashed more than 15% in the previous 24 hours to around $2610.
The president’s own meme crypto token $TRUMP (Official Trump) also took a hit, as its price slid more than 13.5% in the previous 24 hours to $17.80. Unlike other major crypto tokens, however, $TRUMP has been on a downward slide since its explosive launch and had shed more than 30% of its value just in the last week.
The U.S. stock futures slumped early on Monday as global markets braced for the fallout of President Donald Trump’s decision to impose sweeping tariffs on imports from Canada, Mexico and China.
As of early Monday morning Dow Futures was down to 44,113, falling 1.3%, while the tech centric NASDAQ Futures saw an even sharper slump of 1.6% to 21,227. S&P 500 Futures were also hit by the selloff, dropping 1.4% to 5,980.
Major Asian stock indices were also hit by a selloff amid trade war concerns with Japan’s Nikkei 225 index falling 2.66%, Australia’s S&P/ASX 200 dropping 1.79%, South Korea’s KOSPI index down 2.52% and India’s BSE Sensex down 0.41%.
In China, the Shanghai Stock Exchange’s Composite Index closed relatively flat, only 0.06% in the red, while the Shenzhen-based SZSE Component Index—which focusses on tech companies and small cap private enterprises—took a bigger hit and dropped 1.33%.
video message on X announcing the country will come out with more details Monday morning on its countermeasures against the U.S. tariffs, saying the country will “act with a cool head and love for the people” and arguing Trump’s claims the Mexican government is allied with criminal drug groups is “terribly irresponsible,” according to translations by Bloomberg and The New York Times.
Mexican President Claudia Sheinbaum issued atold the Times in an interview that Canada has “taken steps” to address Trump’s concerns about immigration and drug trafficking, “but they haven’t taken enough steps,” adding that while Canada is “improving” its border security, Trump “doesn’t feel like they’ve done enough, and that’ll be his call.”
Trump’s border czar Tom Homanlist of U.S. imports that the country will levy 25% tariffs on as part of its retaliatory measures against the U.S., which will apply to $30 billion worth of goods to start out with, including numerous food items, plastics, rubber, luggage, lumber, clothing, business supplies, glassware, appliances, furniture, cosmetics and more.
The Canadian government unveiled the fullHomeland Security Secretary Kristi Noem acknowledged on “Meet the Press” that Trump’s tariffs could raise prices but said the blame would fall on other countries for not following Trump’s demands, rather than the president, encouraging other countries to “get on board and to make sure that they’re not pushing up prices” and claiming “if prices go up, it’s because of other people’s reactions to America’s laws.”
told ABC News Canadians are “perplexed” and “confused” by Trump’s tariffs on the nation’s imports and argued it’s “hard to know what more we can do” to prevent the tariffs since the Canadian government has already been “leaning in hard” to appease Trump—but noted Canada does not intend to back down from its plan for retaliatory tariffs, as Canadians “are going to expect that our government stands firm and stands up for itself.”
Canadian Ambassador Kristen Hillmansaid on X the region’s sole liquor wholesaler will remove American alcohol from its catalogs so that stores and restaurants in Ontario cannot stock any U.S. liquors—it follows similar moves from Nova Scotia Premier Tim Houston and British Columbia Premier David Eby, who banned his province’s Liquor Distribution Branch from buying American alcohol from “red states.”
Doug Ford, the premier of Canada’s Ontario province,writing on Truth Social, “WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”
The president defended his decision,Canada and Mexico both levied retaliatory tariffs on U.S. imports in response to Trump’s directive, while China said it would file a lawsuit with the World Trade Organization and take “countermeasures” in response to the move.
tariffs on imported goods from Canada and Mexico—other than energy from Canada, which will be taxed at 10%—and an additional 10% tariff on goods from China, which he claimed was to hold the countries “accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
Trump imposed 25%Crucial Quote
“MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO TARIFFS!” Trump said on Truth Social in defense of his tariffs. “WE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE — AND THE RESULTS WILL BE SPECTACULAR!!!”
When Will Trump’s Tariffs Take Effect?
Trump’s tariff order will take effect Tuesday for duties that are levied on imported goods, except for any imports that were already in transit before Trump ordered the tariffs Saturday. Hillman told ABC News on Sunday the country is “hopeful” the tariffs will not take effect and the country’s government is “ready to continue to talk to the Trump administration about that,” though it’s unclear that Trump will negotiate at all on his plans.
What Impact Will Trump’s Tariffs Have On Prices And The Economy?
Trump’s tariffs on Canada, Mexico and China would effectively could cost each U.S. household more than $830 in additional taxes in 2025, according to an analysis released by the center-right Tax Foundation. The organization also predicted Trump’s plan would reduce the U.S.’ economic output by 0.4% and increase taxes in the U.S. overall by $1.2 trillion between 2025 and 2034. Economists have long warned Trump’s tariff plan would raise prices for American consumers—as the import taxes are paid by the U.S. companies that import foreign goods, which then pass on those costs to the consumer by raising prices—and a May analysis by the nonpartisan think tank Peterson Institute for International Economics (PIIE) concluded Trump imposing broad tariffs on imported goods would “[inflict] significant collateral damage on the US economy.” Goldman Sachs economists led by Ronnie Walker previously projected in April that prices on consumer goods would go up by 0.1% for every percentage increase in the effective tariff rate and raise inflation. In addition to imported goods, economists have predicted the price of domestic goods will also go up, as U.S. companies will “opportunistically” raise prices to take advantage of having less competition from imported products.
Will Trump Impose More Tariffs?
Trump has suggested he wants to impose universal tariffs on other countries’ goods, though it’s still unclear when that could happen or what any broader tariffs could look like. “I have it in my mind what it’s going to be but I won’t be setting it yet, but it’ll be enough to protect our country,” Trump said Monday about his plan to impose tariffs on all imported goods. The president told reporters Friday he plans on “doing something substantial” in terms of taxing European imports specifically, saying, “Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely, absolutely.”
How Has The Business Community Responded To Trump’s Tariffs?
Business and manufacturing groups have criticized Trump’s tariffs, with U.S. Chamber of Commerce vice president John Murphy saying the move “is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains.” National Association of Manufacturers CEO Jay Timmons said the “ripple effects” of the tariffs “will be severe,” particularly for smaller manufacturers, warning, “Ultimately, manufacturers will bear the brunt of these tariffs, undermining our ability to sell our products at a competitive price and putting American jobs at risk.” Leaders of major companies have previously suggested Trump’s tariffs will lead to higher prices for American consumers, with Walmart chief financial officer John David Rainey telling CNBC in November the import taxes mean “there probably will be cases where prices will go up for consumers.” Best Buy CEO Corie Barry acknowledged on the company’s earnings call in November that most of its goods are imported from China and Mexico and any tariffs would likely result in higher prices, saying, “These are goods that people need, and higher prices are not helpful.”
How Has The Chinese State Media Reacted To Trump’s Tariffs?
In China, the state-run tabloid Global Times, criticized the move in an editorial, saying “trade coercion” will not fix the U.S.’s “fentanyl crisis.” The op-ed notes that the Trump administration’s actions “violates WTO rules and disciplines” and result in countermeasures that “could lead to a global trade war.” The Chinese foreign ministry also expressed opposition to the move and said it would take “necessary countermeasures to defend its legitimate rights and interests.” The ministry said the tariffs cannot “solve the U.S.’ problems at home” and will not benefit either side.
How Has The Canadian Media Reacted To Trump’s Tariffs?
The Toronto Star published a guide for people who want to buy Canadian during the trade war, which included a list of grocery and other essential products sold by Canadian companies. The newspaper’s editorial titled: “We didn’t want this trade war. But now we must fight,” urged Canadians to “band together despite our differences” and grasp that “no one has ever won by appeasing a bully.” The Globe and Mail’s editorial page said that the trade war would reshape North America and warned, “There will be no way to satisfy all his demands. He will keep using them in a predatory manner…There will be no way to satisfy all his demands. He will keep using them in a predatory manner.” The Toronto Sun’s editorial acknowledged Canada will not be able to win an “all-out trade war” with the U.S. but added: “Still, when the bully hits you, you hit back.” The editorial called for retaliation targeting products that “Americans will notice” but “will have the least impact on Canadian consumers.”
Key Background
Trump has long vowed to impose tariffs on imported goods, even as economists and business leaders have decried the move. The president previously levied higher tariffs on Chinese imports during his first term, which sparked a trade war with China before the two sides reached a trade agreement in December 2019. While Trump long promised on the campaign trail to levy tariffs on imported goods, he only proposed 25% tariffs on Mexican and Canadian goods in November, which marked an escalation over the 10% to 20% he proposed pre-election. The president’s order Sunday comes after Trump said on his first day in office that he planned to impose the tariffs Feb 1, and imposed the broad tariffs with few restrictions despite earlier reports suggesting his administration was considering exempting certain imports or delaying the tariffs until March.
Tangent
In his Truth Social posts Sunday, Trump also reiterated his desire for Canada to become the “51st state,” claiming the country wouldn’t be “viable” if it weren’t for U.S. subsidies. Making it a U.S. state would mean “much lower taxes, and far better military protection for the people of Canada — AND NO TARIFFS!” Trump claimed. Canadian officials have strongly decried any suggestion the country should become part of the U.S., with Immigration Minister Marc Miller saying the suggestion is “beneath a president of the United States” and Minister of Intergovernmental Affairs Dominic LeBlanc saying the comments are “a way for [Trump], I think, to sow confusion, to agitate people, to create chaos knowing this will never happen.”
Further Reading
Canada and Mexico Respond As President Admits Taxes May Raise Prices (Live Updates)In a shocking turn of events, President Smith has openly admitted that the proposed tax increase may lead to higher prices for consumers. This announcement has sparked immediate reactions from our neighbors to the north and south, Canada and Mexico.
Canadian Prime Minister Trudeau expressed concern over the potential impact of the tax hike on cross-border trade, stating that it could disrupt the longstanding economic relationship between the two countries. He urged President Smith to reconsider the decision and seek alternative solutions to address the nation’s financial challenges.
Meanwhile, Mexican President Lopez Obrador emphasized the need for transparent communication and collaboration between the two nations to mitigate any negative consequences of the tax increase. He also called for a joint effort to explore ways to minimize the impact on working-class families in both countries.
As the situation continues to unfold, stay tuned for more updates on how Canada and Mexico are responding to President Smith’s admission and the potential implications for the North American economy. #TaxHike #Canada #Mexico #EconomicImpact #LiveUpdates
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- President tax increase update
- Price increase response
- North American trade news
- International relations update
- Tax policy impact
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#Canada #Mexico #Respond #President #Admits #Taxes #Raise #Prices #Live #Updates
Canada and Mexico Respond As President Admits Taxes May Raise Prices (Live Updates)
Topline
U.S. futures and global stocks were hit by a selloff early on Monday as markets around the world braced for a potential trade war triggered by President Donald Trump’s decision to impose sweeping tariffs on imports from Canada, Mexico, and China—which warned of “necessary countermeasures.”
U.S. President Donald Trump speaks to reporters about the collision of an American Airlines flight … [+]
Timeline
said the province, which includes Toronto, will ban all U.S. companies from receiving government contracts with the province, saying those companies “only have President Trump to blame”—and canceled the province’s contract with Elon Musk-led satellite internet company Starlink, writing, “Ontario won’t do business with people hellbent on destroying our economy.”
Ontario Premier Doug FordWith a threat of tariffs on European imports to the U.S. looming, markets in the continent were also hit with by a selloff with the Euro STOXX 50 Index sliding 1.6% while the London Stock Exchange’s FTSE 100 Index fell 1.2%
The U.S. Dollar Index—which measures the U.S. currency against a basket of six other major currencies—rose to a two-year high of 109.45 on Monday morning, up nearly 1%.
The cryptocurrency market also appears to have been rattled by the fears of a trade war with Bitcoin’s price dropping more than 3.6% in the past 24 hours to $95,509.
Ether, which is the world’s second most valuable crypto token by market cap, was hit even harder as it price has crashed more than 15% in the previous 24 hours to around $2610.
The president’s own meme crypto token $TRUMP (Official Trump) also took a hit, as its price slid more than 13.5% in the previous 24 hours to $17.80. Unlike other major crypto tokens, however, $TRUMP has been on a downward slide since its explosive launch and had shed more than 30% of its value just in the last week.
The U.S. stock futures slumped early on Monday as global markets braced for the fallout of President Donald Trump’s decision to impose sweeping tariffs on imports from Canada, Mexico and China.
As of early Monday morning Dow Futures was down to 44,113, falling 1.3%, while the tech centric NASDAQ Futures saw an even sharper slump of 1.6% to 21,227. S&P 500 Futures were also hit by the selloff, dropping 1.4% to 5,980.
Major Asian stock indices were also hit by a selloff amid trade war concerns with Japan’s Nikkei 225 index falling 2.66%, Australia’s S&P/ASX 200 dropping 1.79%, South Korea’s KOSPI index down 2.52% and India’s BSE Sensex down 0.41%.
In China, the Shanghai Stock Exchange’s Composite Index closed relatively flat, only 0.06% in the red, while the Shenzhen-based SZSE Component Index—which focusses on tech companies and small cap private enterprises—took a bigger hit and dropped 1.33%.
video message on X announcing the country will come out with more details Monday morning on its countermeasures against the U.S. tariffs, saying the country will “act with a cool head and love for the people” and arguing Trump’s claims the Mexican government is allied with criminal drug groups is “terribly irresponsible,” according to translations by Bloomberg and The New York Times.
Mexican President Claudia Sheinbaum issued atold the Times in an interview that Canada has “taken steps” to address Trump’s concerns about immigration and drug trafficking, “but they haven’t taken enough steps,” adding that while Canada is “improving” its border security, Trump “doesn’t feel like they’ve done enough, and that’ll be his call.”
Trump’s border czar Tom Homanlist of U.S. imports that the country will levy 25% tariffs on as part of its retaliatory measures against the U.S., which will apply to $30 billion worth of goods to start out with, including numerous food items, plastics, rubber, luggage, lumber, clothing, business supplies, glassware, appliances, furniture, cosmetics and more.
The Canadian government unveiled the fullHomeland Security Secretary Kristi Noem acknowledged on “Meet the Press” that Trump’s tariffs could raise prices but said the blame would fall on other countries for not following Trump’s demands, rather than the president, encouraging other countries to “get on board and to make sure that they’re not pushing up prices” and claiming “if prices go up, it’s because of other people’s reactions to America’s laws.”
told ABC News Canadians are “perplexed” and “confused” by Trump’s tariffs on the nation’s imports and argued it’s “hard to know what more we can do” to prevent the tariffs since the Canadian government has already been “leaning in hard” to appease Trump—but noted Canada does not intend to back down from its plan for retaliatory tariffs, as Canadians “are going to expect that our government stands firm and stands up for itself.”
Canadian Ambassador Kristen Hillmansaid on X the region’s sole liquor wholesaler will remove American alcohol from its catalogs so that stores and restaurants in Ontario cannot stock any U.S. liquors—it follows similar moves from Nova Scotia Premier Tim Houston and British Columbia Premier David Eby, who banned his province’s Liquor Distribution Branch from buying American alcohol from “red states.”
Doug Ford, the premier of Canada’s Ontario province,writing on Truth Social, “WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”
The president defended his decision,Canada and Mexico both levied retaliatory tariffs on U.S. imports in response to Trump’s directive, while China said it would file a lawsuit with the World Trade Organization and take “countermeasures” in response to the move.
tariffs on imported goods from Canada and Mexico—other than energy from Canada, which will be taxed at 10%—and an additional 10% tariff on goods from China, which he claimed was to hold the countries “accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
Trump imposed 25%Crucial Quote
“MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO TARIFFS!” Trump said on Truth Social in defense of his tariffs. “WE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE — AND THE RESULTS WILL BE SPECTACULAR!!!”
When Will Trump’s Tariffs Take Effect?
Trump’s tariff order will take effect Tuesday for duties that are levied on imported goods, except for any imports that were already in transit before Trump ordered the tariffs Saturday. Hillman told ABC News on Sunday the country is “hopeful” the tariffs will not take effect and the country’s government is “ready to continue to talk to the Trump administration about that,” though it’s unclear that Trump will negotiate at all on his plans.
What Impact Will Trump’s Tariffs Have On Prices And The Economy?
Trump’s tariffs on Canada, Mexico and China would effectively could cost each U.S. household more than $830 in additional taxes in 2025, according to an analysis released by the center-right Tax Foundation. The organization also predicted Trump’s plan would reduce the U.S.’ economic output by 0.4% and increase taxes in the U.S. overall by $1.2 trillion between 2025 and 2034. Economists have long warned Trump’s tariff plan would raise prices for American consumers—as the import taxes are paid by the U.S. companies that import foreign goods, which then pass on those costs to the consumer by raising prices—and a May analysis by the nonpartisan think tank Peterson Institute for International Economics (PIIE) concluded Trump imposing broad tariffs on imported goods would “[inflict] significant collateral damage on the US economy.” Goldman Sachs economists led by Ronnie Walker previously projected in April that prices on consumer goods would go up by 0.1% for every percentage increase in the effective tariff rate and raise inflation. In addition to imported goods, economists have predicted the price of domestic goods will also go up, as U.S. companies will “opportunistically” raise prices to take advantage of having less competition from imported products.
Will Trump Impose More Tariffs?
Trump has suggested he wants to impose universal tariffs on other countries’ goods, though it’s still unclear when that could happen or what any broader tariffs could look like. “I have it in my mind what it’s going to be but I won’t be setting it yet, but it’ll be enough to protect our country,” Trump said Monday about his plan to impose tariffs on all imported goods. The president told reporters Friday he plans on “doing something substantial” in terms of taxing European imports specifically, saying, “Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely, absolutely.”
How Has The Business Community Responded To Trump’s Tariffs?
Business and manufacturing groups have criticized Trump’s tariffs, with U.S. Chamber of Commerce vice president John Murphy saying the move “is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains.” National Association of Manufacturers CEO Jay Timmons said the “ripple effects” of the tariffs “will be severe,” particularly for smaller manufacturers, warning, “Ultimately, manufacturers will bear the brunt of these tariffs, undermining our ability to sell our products at a competitive price and putting American jobs at risk.” Leaders of major companies have previously suggested Trump’s tariffs will lead to higher prices for American consumers, with Walmart chief financial officer John David Rainey telling CNBC in November the import taxes mean “there probably will be cases where prices will go up for consumers.” Best Buy CEO Corie Barry acknowledged on the company’s earnings call in November that most of its goods are imported from China and Mexico and any tariffs would likely result in higher prices, saying, “These are goods that people need, and higher prices are not helpful.”
How Has The Chinese State Media Reacted To Trump’s Tariffs?
In China, the state-run tabloid Global Times, criticized the move in an editorial, saying “trade coercion” will not fix the U.S.’s “fentanyl crisis.” The op-ed notes that the Trump administration’s actions “violates WTO rules and disciplines” and result in countermeasures that “could lead to a global trade war.” The Chinese foreign ministry also expressed opposition to the move and said it would take “necessary countermeasures to defend its legitimate rights and interests.” The ministry said the tariffs cannot “solve the U.S.’ problems at home” and will not benefit either side.
How Has The Canadian Media Reacted To Trump’s Tariffs?
The Toronto Star published a guide for people who want to buy Canadian during the trade war, which included a list of grocery and other essential products sold by Canadian companies. The newspaper’s editorial titled: “We didn’t want this trade war. But now we must fight,” urged Canadians to “band together despite our differences” and grasp that “no one has ever won by appeasing a bully.” The Globe and Mail’s editorial page said that the trade war would reshape North America and warned, “There will be no way to satisfy all his demands. He will keep using them in a predatory manner…There will be no way to satisfy all his demands. He will keep using them in a predatory manner.” The Toronto Sun’s editorial acknowledged Canada will not be able to win an “all-out trade war” with the U.S. but added: “Still, when the bully hits you, you hit back.” The editorial called for retaliation targeting products that “Americans will notice” but “will have the least impact on Canadian consumers.”
Key Background
Trump has long vowed to impose tariffs on imported goods, even as economists and business leaders have decried the move. The president previously levied higher tariffs on Chinese imports during his first term, which sparked a trade war with China before the two sides reached a trade agreement in December 2019. While Trump long promised on the campaign trail to levy tariffs on imported goods, he only proposed 25% tariffs on Mexican and Canadian goods in November, which marked an escalation over the 10% to 20% he proposed pre-election. The president’s order Sunday comes after Trump said on his first day in office that he planned to impose the tariffs Feb 1, and imposed the broad tariffs with few restrictions despite earlier reports suggesting his administration was considering exempting certain imports or delaying the tariffs until March.
Tangent
In his Truth Social posts Sunday, Trump also reiterated his desire for Canada to become the “51st state,” claiming the country wouldn’t be “viable” if it weren’t for U.S. subsidies. Making it a U.S. state would mean “much lower taxes, and far better military protection for the people of Canada — AND NO TARIFFS!” Trump claimed. Canadian officials have strongly decried any suggestion the country should become part of the U.S., with Immigration Minister Marc Miller saying the suggestion is “beneath a president of the United States” and Minister of Intergovernmental Affairs Dominic LeBlanc saying the comments are “a way for [Trump], I think, to sow confusion, to agitate people, to create chaos knowing this will never happen.”
Further Reading
Canada and Mexico Respond As President Admits Taxes May Raise Prices (Live Updates)In a surprising turn of events, President Johnson has announced that taxes may need to be raised in order to fund critical government programs. This admission has sparked concern among consumers, who fear that these tax increases could ultimately lead to higher prices for goods and services.
Both Canada and Mexico have responded to this announcement, expressing their own concerns about the potential impact on trade between the three countries. Canadian Prime Minister Trudeau stated that while he understands the need for governments to raise revenue, he hopes that any tax increases will not have a negative impact on the North American economy.
Mexican President Lopez Obrador echoed these sentiments, emphasizing the importance of maintaining stable trade relations between the three countries. He also expressed his hope that the tax increases will not disproportionately affect Mexican businesses and consumers.
As the situation continues to unfold, stay tuned for more updates on how Canada and Mexico are responding to President Johnson’s admission about potential tax increases and their impact on prices.
Tags:
Canada, Mexico, President, Taxes, Price Increase, Live Updates, Economic News, International Response, Trade Relations, North American Countries, Government Policies, Import Taxes, Market Impact.
#Canada #Mexico #Respond #President #Admits #Taxes #Raise #Prices #Live #UpdatesHGTV star Christina Haack admits to rushing into romance after 3 failed marriages
HGTV star Christina Haack is not thrilled with her situation: all three of her marriages have ended in divorce.
In an emotional conversation between the reality star and her first ex-husband, Tarek El Moussa, Haack admitted that since the couple’s own split, she had been doing “stupid things” to alleviate her pain, like entering into relationships prematurely.
“I feel like I try to hide and act like I’m not affected but then I just do more stupid things to try to make myself feel better,” Haack told El Moussa, per People, in the season premiere of their new show, “The Flip Off,” which also stars El Moussa’s second wife, Heather Rae El Moussa.
Years removed from her first divorce with Tarek El Moussa, Christina Haack admits that she has been doing “stupid things” to distract her from the pain she is experiencing. (Michael Tullberg/Getty Images)
“I just keep doing it and getting into things too fast that I know aren’t right.”
Haack and El Moussa officially divorced in 2018, after separating in 2016. The couple were plagued with several issues throughout their marriage, including El Moussa’s cancer. Less than a year after their initial separation, Haack started dating TV presenter Ant Anstead, whom she would later marry, welcome a child with and then separate from in 2020.
Tarek El Moussa and Christina Haack officially divorced in 2018. They share two children: Taylor, 14, and Brayden, 9. (Aaron Rapoport/Corbis/Getty Images)
Anstead, who is now dating actress Renée Zellweger, accused Haack during the divorce of exploiting the couple’s son online. Their divorce was finalized in 2021. She married her third husband, realtor Josh Hall, in 2021 after a monthslong engagement, although they split in July 2024, which she said was welcome news to her children.
Christina Haack shares son Hudson with ex-husband Ant Anstead. (Allen Berezovsky/Getty Images)
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“The kids literally asked me to leave,” Haack said of her daughter Taylor, 14, and son Brayden, 9, whom she shares with El Moussa. “They told me he’s not nice to me. Why would I stick around?”
“I never wanted to get divorced,” she told the camera during the episode. “I’m the only person in my family to ever get a divorce. So I just felt like it’s safe to be back in a relationship, but ultimately, that was not safe either.”
Haack recently shared that Hall was taking her to court, uninterested in mediation, in what has turned into contentious proceedings.
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Hall was expected to star in the show alongside Haack and her ex, but left the project after their split. Haack told Fox News Digital that working alongside him would have been difficult for a plethora of reasons. “I think on camera — some people are very comfortable on camera, some aren’t,” she explained. “And that’s totally understandable. [Josh] wasn’t super comfortable on camera. I think he’s too hard on himself, too much in his head.”
“And then also, he doesn’t have a lot of experience in flipping houses,” she continued, which is the premise of the show. “So if you combine the two, it’s kind of a recipe for disaster.”
WATCH: HGTV STAR CHRISTINA HAACK SAYS FILMING NEW REALITY SHOW WITH EX JOSH HALL WAS ‘RECIPE FOR DISASTER’
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Ultimately, Haack has found herself another relationship, now dating businessman Christopher Larocca, per the outlet. The couple has been together for a few months.
New episodes of the reality show air on Wednesday at 8 p.m.
On August 5, HGTV star Christina Haack took to Instagram to open up about her recent whirlwind romance and admitted that she may have rushed into it too quickly. Haack, who was previously married three times, shared that she has learned a lot from her past relationships and is now taking the time to focus on herself.In her post, Haack wrote, “I know I rushed into a relationship too soon, as I tend to do. I had never been single in my life and I needed to learn how to be alone. I am grateful for the lessons I’ve learned and the growth I’ve experienced.”
Haack’s honesty and vulnerability were met with an outpouring of support from her fans, many of whom praised her for being open about her struggles and for taking the time to prioritize her own well-being.
It’s not easy to admit when we make mistakes, especially when it comes to matters of the heart. But Haack’s willingness to share her story serves as a powerful reminder that it’s okay to take things slow, to focus on yourself, and to learn from past relationships before jumping into something new.
As Haack continues on her journey of self-discovery, we can only hope that she finds the happiness and fulfillment she deserves.
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#HGTV #star #Christina #Haack #admits #rushing #romance #failed #marriages
De’Aaron Fox trade rumors: Kings star admits he has preferred landing spot if moved before deadline
The Sacramento Kings are reportedly considering trades for De’Aaron Fox. But according to the star himself, that isn’t because he has directly requested a trade.
“That’s their decision to make. I can’t tell them not to listen to offers or I can’t tell them to listen to offers,” Fox said Wednesday before the Kings’ game in Philadelphia, according to The Sacramento Bee.
Sacramento’s motivation does not appear to be rooted in a specific directive from Fox. Rather, the Kings are considering a move because of Fox’s reluctance to sign a long-term contract extension. He turned down an extension with the Kings over the summer, and with his 2026 free agency growing closer by the day, his exit is growing likelier ahead of the Feb. 6 trade deadline.
Fox, by all accounts, is focused on competing for championships. To that effect, he reportedly has a favored destination in mind: the San Antonio Spurs. There, he would partner up with ascending center Victor Wembanyama to create one of the best young duos in the Western Conference.
While Fox wouldn’t confirm that he is eyeing the Spurs, he did acknowledge that he has a preference in mind if he were to move.
“For sure, I think everybody has a preferred destination,” Fox said. “I think everybody has a preferred destination if they’re not in the place that — or if they’re not going to be in the place where they are in the moment. I think it’s natural.”
De’Aaron Fox landing spots: Spurs are the favorites, but Rockets, Heat among teams that also make sense
Sam Quinn
While the Kings control the situation for now, Fox has an uncommon degree of leverage as this situation plays out. The Spurs, barring something unforeseen, will have max cap space in the summer of 2026, so Fox will have the power to walk to San Antonio as a free agent if he so chooses. That is going to limit what other teams are willing to offer, as the possibility of losing Fox for nothing restricts his value. If the rest of the league views him as a rental, the Kings will have no choice but to deal with San Antonio at a price the Spurs dictate.
Still, it is rare for any trade request to come and go smoothly. Damian Lillard more or less told the league not to trade for him because he wanted to go to Miami. He wound up in Milwaukee. Jimmy Butler is doing everything in his power to get to Phoenix right now. The Suns have thus far been unable to complete a deal.
These sagas are complicated and messy. Fox may want to go to San Antonio, but until a deal is reached, other suitors have a chance to steal him away.
In recent weeks, trade rumors surrounding Sacramento Kings’ star point guard De’Aaron Fox have been swirling. And now, Fox himself has admitted that he has a preferred landing spot if he were to be moved before the trade deadline.According to sources close to Fox, the 24-year-old has expressed interest in joining the New York Knicks. The Knicks have been in need of a dynamic point guard for quite some time, and Fox could be the missing piece to their puzzle.
While the Kings have not publicly stated that they are looking to move Fox, the team’s struggles this season have sparked speculation that they could be open to making changes. Fox, who is averaging 20.6 points and 6.8 assists per game this season, would undoubtedly garner significant interest from teams around the league.
It remains to be seen if the Kings will entertain offers for Fox, or if he will ultimately end up in New York or another team that catches his eye. But one thing is for certain – the trade deadline is shaping up to be an interesting one for De’Aaron Fox and the Kings.
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Yankees’ Steinbrenner admits it is difficult to compete with Dodgers financially
Yet, the Los Angeles Dodgers have outspent the Yankees and every other Major League team on their way to a $290 million payroll — the highest in baseball.
“It’s difficult for most of us owners to be able to do the kind of things that they’re doing,” Yankees owner Hal Steinbrenner said to YES Network’s Meredith Marakovits in an interview that aired Tuesday night.
The Yankees payroll doesn’t fall too far behind the Dodgers, sitting at $273 million. However once you factor in the competitive balance tax each team is currently projected to pay in 2025, the discrepancy grows.
The Dodgers have been over the MLB’s competitive balance tax threshold for four consecutive seasons, meaning they are required to pay a 50 per cent tax on all overages. Los Angeles is also nearly $50 million over the base threshold, adding an additional 42.5 per cent surcharge. As a result, the team is projected to pay a staggering total of nearly $370 million in payroll plus tax.
While the Yankees are also subject to the 50 per cent tax, their total salary only results in a 12 per cent surcharge, bringing their projected post-tax total to $291 million.
The same Forbes list ranked the Dodgers as the second most valuable MLB franchise — the two teams ranked fourth and 24th among all sports franchises, respectively. Forbes also valued the Yankees at $7.55 billion, and the Dodgers at $5.45 billion, last March.
“I wouldn’t say surprised, but I mean I really didn’t know what to expect, I didn’t know what was going to happen,” said Steinbrenner of the Soto talks. “I mean, Juan’s got a big family, they were all very involved, so there were a lot of different voices in his ear talking to him and giving him advice. I really just didn’t know. So I wouldn’t say I wasn’t surprised, I was certainly disappointed.”
The Yankees may have lost an American League MVP finalist who finished sixth in the majors in wins above replacement at 7.9, but they still have the 2024 AL MVP in Aaron Judge, and made significant additions around him.
“We’re excited about them,” said Steinbrenner. “A lot of hard work in December into January. Some people may disagree with me, but some people will agree with me — I think we have a better team than we did a year ago today.”
Replacing Soto’s prolific offensive production, including the best on-base percentage in baseball over the past five years, will be no easy feat. But the Yankees have added two former National League MVPs in Cody Bellinger and Paul Goldschmidt, who offer strong, albeit less consistent offensive profiles than Soto.
“Bellinger and Goldschmidt, I think they’ll make up for a good deal of Juan’s offence” Steinbrenner said.
The Yankees’ largest off-season expenditure is the eight-year, $218-million deal given to left-handed starter Max Fried. He will join a rotation that includes former Cy-Young winner Gerrit Cole and 2024 AL Rookie of the Year winner Luis Gil.
“The work ethic is impeccable from what I’ve heard. And (Fried’s) a great teammate,” said Steinbrenner. “I mean he’s everything we want in our clubhouse, over and above what he brings when he’s on that mound.”
New York also added elite closer Devin Williams via a trade with the Milwaukee Brewers. But as the dust settles, their $236 million total committed to players this off-season still pales in comparison to the $380 million in total money committed to free agents by the Dodgers.
“Now, we’ll see if it pays off,” Steinbrenner said of the high spending done by the Dodgers. “They still have to have a season relatively injury-free for it to work out for them, and it’s a long season, as you know, and once you get to the post-season, anything can happen. We’ve seen that time and time again. We’ll see who’s there at the end.”
New York Yankees’ owner Hal Steinbrenner recently acknowledged that it is a challenge for his team to compete with the Los Angeles Dodgers financially. Despite being one of the most successful and valuable sports franchises in the world, the Yankees are facing stiff competition from the Dodgers, who have one of the highest payrolls in Major League Baseball.Steinbrenner, who took over as the Yankees’ principal owner following his father George Steinbrenner’s passing in 2010, emphasized the importance of being smart and strategic with the team’s resources in order to remain competitive. He also expressed his admiration for the Dodgers’ financial strength and their ability to consistently field a competitive roster.
While the Yankees have historically been known for their willingness to spend big on star players, Steinbrenner’s comments suggest a more cautious approach in light of the financial realities of modern baseball. With the Dodgers setting the bar high in terms of spending and success, the Yankees will need to find innovative ways to stay competitive and continue their winning tradition.
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Bill Burr admits he was pissed at Howie Mandel over Billy Corgan ambush
Bill Burr still has some anger to work through… and it’s all directed at Howie Mandel.
While appearing on a recent episode of Howie Mandel Does Stuff podcast, Burr was treated to an unwanted therapy session when the host brought out Billy Corgan, the Smashing Pumpkins guitarist who months ago revealed that the duo might be related.
“Howie did what he did because he is a Hollywood whore and he doesn’t care what happens,” Burr told Rich Eisen on Monday, while reflecting on the ambush. “He could’ve said something and he just brings up all that weirdness.”
The origins of the incident dates back to Mandel’s November conversation with Corgan, where the musician revealed that his stepmother once said to him: “Do you know who Bill Burr is? Bill Burr might be one of the children that your father sired in his days being a traveling musician.” So when Burr visited the studio for his own episode, Mandel had the idea to call in Corgan for a surprise “family reunion.”
Asked if he was genuinely “pissed” at Mandel, Burr pointed out that he doesn’t usually talk about such personal aspects of his life.
Bill Burr.
Dia Dipasupil/Getty
“Billy’s fine. That’s the first time I ever met him and it was fine or whatever, but I did not appreciate what Howie did,” he continued. “Not at all.”
Despite the lasting tension, there might still be hope for Burr’s relationship with Mandel.
“He’s Howie, so he’s sorta hard to hate,” Burr admitted. “How do you hate a germaphobe? He’s like, not threatening. He just walks with his arms in so he doesn’t rub against curtains that he owns… He’s a strange man.”
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Burr extended no such grace in the moment though. During the podcast recording, he made it abundantly and immediately clear that he was not happy about being blindsided. As soon as Corgan entered the room, Burr called Mandel an “a–hole.”
“He told me you were cool with me coming,” Corgan insisted, to which Burr was unsurprised, replying, “That’s what he does.”
Before long, the duo fully turned against Mandel. Burr tore into him for setting up the encounter in the name of “ratings,” quipping, “What was supposed to happen? Are we going to go play catch? We’re both in our 50s.”
Corgan piled on, commenting, “This is some Dr. Phil s— you got going on.”
As for the brotherly bonding, Burr told Mandel, “I think we’re kind of on the same page in thinking you’re kind of a d— right now.”
Bill Burr & Billy Corgan on ‘Howie Mandel Does Stuff’.
Howie Mandel/YouTube
Mandel eventually admitted, “This is just uncomfortable.” He added that he was hoping for a “warm interaction.”
“It’s not that I don’t want to,” Burr said of finally meeting Corgan. “It’s just… I don’t think this was the situation. But I am happy that I’ve evolved enough as a person that I’m able to f—ing handle this.”
He continued berating Mandel, adding, “You’re not the guy to do this. This is outside your skillset. Because the first thing you needed to do was to actually give a f—, and you don’t because everything is funny to you.”
Mandel eventually left the room to give the men some privacy — with the camera still rolling, of course — and they did touch upon the subject of their “relationship with dad,” comparing the different details they knew of his life.
“At some point, it did become funny to me that he did have multiple families. There was something wild about that,” Burr noted at one point, then said, “I’m kind of forgetting that we’re on a podcast.”
But even the heart-to-heart led the duo back to making fun of Mandel.
At least we broke the cycle,” Burr said towards the episode’s end. “At least we’re not on some awful network show judging plate spinners, or whatever the f— Howie’s career has become,” he quipped, mocking the host’s America’s Got Talent gig.
Watch Burr discuss the ambush on The Rich Eisen Show below.
In a recent interview, comedian Bill Burr revealed that he was actually pretty upset with Howie Mandel over a prank involving Billy Corgan.During an appearance on Mandel’s podcast, Corgan was supposedly set up to be ambushed by Burr, who was meant to surprise him with a comedic bit. However, Burr admitted that he was not informed of the prank beforehand and was caught off guard when he was suddenly thrust into the situation.
Burr expressed his frustration with Mandel for putting him in an uncomfortable position without warning, stating that he felt blindsided and unprepared for the situation. Despite his initial anger, Burr ultimately saw the humor in the situation and was able to laugh about it in hindsight.
This incident serves as a reminder that even in the world of comedy, boundaries should be respected and communication is key. It’s always best to make sure everyone is on the same page before pulling a prank, no matter how good the intentions may have been.
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NBA Admits Major Missed Call in Clippers-Suns
The LA Clippers faced off against the Phoenix Suns on Monday night in one of the most important games of the season for both teams.
It seemed like LA was going to get blown out due to their poor three-point defense, but they rallied all the way back to make it a one-point game before losing. Throughout the game, there was one player in particular who was really unhappy with the officiating – Ivica Zubac.
After the loss, Zubac claimed his dunk over Mason Plumlee in the final minutes of the game should have been a three-point play. Not only that, but he felt like numerous plays didn’t receive a foul.
“It was an and-one. I don’t know what I have to do to get a foul call. I feel like I should’ve had like four and-ones tonight,” Zubac said. “I’m used to it, but like in the moment I’m always like how is that not a foul? What do I have to do? Should I flop like some of the guys? I don’t know.”
The NBA has officially admitted to a major missed call in the recent game between the Los Angeles Clippers and the Phoenix Suns. The controversial play occurred in the final minutes of the game, with the Clippers trailing by just two points.As Clippers guard Paul George drove to the basket for a potential game-tying layup, Suns center Deandre Ayton appeared to make significant contact with him, causing George to miss the shot. However, the referees did not call a foul on the play, allowing the Suns to hold on for the narrow victory.
After reviewing the footage, the NBA has acknowledged that a foul should have been called on Ayton, which would have sent George to the free-throw line with a chance to tie the game. This admission has sparked debate among fans and analysts, with many questioning the consistency and accuracy of officiating in the league.
The missed call has undoubtedly had a significant impact on the outcome of the game, and serves as a reminder of the importance of accurate and fair officiating in professional sports. The NBA has promised to review the incident and take steps to prevent similar mistakes in the future.
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#NBA #Admits #Major #Missed #Call #ClippersSunsNBA Admits Major Missed Call in Clippers-Suns
The LA Clippers faced off against the Phoenix Suns on Monday night in one of the most important games of the season for both teams.
It seemed like LA was going to get blown out due to their poor three-point defense, but they rallied all the way back to make it a one-point game before losing. Throughout the game, there was one player in particular who was really unhappy with the officiating – Ivica Zubac.
After the loss, Zubac claimed his dunk over Mason Plumlee in the final minutes of the game should have been a three-point play. Not only that, but he felt like numerous plays didn’t receive a foul.
“It was an and-one. I don’t know what I have to do to get a foul call. I feel like I should’ve had like four and-ones tonight,” Zubac said. “I’m used to it, but like in the moment I’m always like how is that not a foul? What do I have to do? Should I flop like some of the guys? I don’t know.”
Ivica Zubac on his dunk over Mason Plumlee:
“It was an and-one. I don’t know what I have to do to get a foul call. I feel like I should’ve had like four and-ones tonight… I’m used to it, but like in the moment I’m always like how is that not a foul? What do I have to do? Should… pic.twitter.com/41s5sQpIw3
— Joey Linn (@joeylinn_) January 28, 2025
The NBA released their last two minute report and it turns out that Zubac was right.
The league has admitted that Zubac should have received an and-one foul call for his dunk over Plumlee in the final minute of the game.
Jan 27, 2025; Phoenix, Arizona, USA; LA Clippers center Ivica Zubac (40) dunks over Phoenix Suns center Mason Plumlee (22) during the second half at Footprint Center. Mandatory Credit: Joe Camporeale-Imagn Images / Joe Camporeale-Imagn Images “Plumlee (PHX) holds down Zubac’s (LAC) shoulder, initiating illegal contact during the dunk attempt,” the NBA said.
Ivica Zubac : 25 points (12-17 shooting), 16 rebounds & 4 assists in 34 minutes pic.twitter.com/qwrSwVFVJz
— Lee Harvey (@MusikFan4Life) January 28, 2025
For a game that was so tightly contested in the final minutes, an extra free throw would have made a world of difference for the Clippers, especially when they were only down one point.
Unfortunately for LA, they’ll now have to leave Phoenix losing the season series and deal with knowing the referees made a big mistake.
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The NBA has officially admitted to a major missed call in the recent game between the Los Angeles Clippers and the Phoenix Suns. The controversial play occurred in the final minutes of the game, with the outcome hanging in the balance.The missed call involved a crucial foul that was not called on a potential game-winning shot attempt by the Clippers. The league acknowledged that the referees failed to properly assess the situation and make the correct call, which could have ultimately impacted the outcome of the game.
Fans and analysts alike have been quick to criticize the officials for their oversight, with many calling for more accountability and transparency in the NBA’s officiating process. The league has since issued a statement apologizing for the error and vowing to address the issue moving forward.
This missed call serves as a reminder of the importance of fair and accurate officiating in professional sports, and highlights the need for continued improvement in the NBA’s refereeing standards. The league’s admission of fault in this situation is a step in the right direction, but more work remains to be done to ensure that such mistakes are minimized in the future.
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