From china. This is on top of the most favoured nation tariff of 6. 1 already slapped onto chinese produced evs that are imported into canada. Now, the government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, says these measures were about protecting domestic producers. The reality is china has an intentional state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector. Talk to the aluminium sector to understand how effective that has already been. We simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs in may whilst the eu is also imposing higher tariffs. It comes after Us National Security advisorjake sullivan, whos en route to beijing, touted the need for a united front on tariffs when he met Withjustin Trudeau an
earlier this season, he had to apologise after going out after a defeat to manchester city. he is available for their premier league game at wolves tomorrow, but ten hag was asked whether he was instilling the correct discipline at the club and if rashford was showing him disrespect. nothing to do with that with me, but in football, ute discipline you need. that is on the pitch, but also off the pitch, because also, there s a line. every player knows this. every professional knows this, what is required. we have to focus on winning football games, and that s all that matters. every talk professional knows what is required. a couple of matches. barcelona have moved up to third since manager hernandez announced he would be leaving at the end of the season. they won 1 0 at home. atletico madrid can move back, but no goals yet. japan either to the asian cup quarterfinals after beating bahrain 3 1 in qatar. after a spectacular effort, after the break, goals ensured the four tim
here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
Been accepted by hamas. From jerusalem, our middle east correspondent Yolande Knell reports you may find some of her report distressing. The panic and confusion as rescuers pull the wounded from the rubble after an overnight israeli airstrike in rafah. And today, another all too familiar scene in gaza, a mother struggling with unbearable loss. After israel seized control of the key crossing with egypt, it says its continuing a limited offensive in gazas southernmost city, battling hamas gunmen in the east of their last stronghold. But for hundreds of thousands of palestinians who fled to rafah to escape the fighting elsewhere, theres renewed fear. Translation last time i they told us to go to rafah, saying theres aid and its a safe place, and look, they came into rafah. For now, i wont go anywhere. Ill stay here. Its enough. Were tired of being displaced, and i dont know where i want to go. World powers have warned israel against a full assault here, saying it would be a humanitarian c
Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on new more affordable models. From new york, heres erin delmore. Its been a rocky road fit for this year. High Interest Rate that taking a bite out of consumer Purchasing Power and pushing big purchases out of reach. Competition with china especially over electric vehicle maker byd is heating up. Sales have been falling and so has its stock. It up. Sales have been falling and so has its stock. So h