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Trade talks between the United States and Canada broke down after Canada pushed for tariff relief on trucks, according to a report. The two countries had been working toward a deal that would have reduced the standard auto tariff from 25% to 15%. Canada's specific demand for relief on truck tariffs proved to be a sticking point that the two sides could not resolve. The collapse of negotiations leaves the existing higher tariff structure in place for now.
The United States imposed 50% tariffs on approximately $20 billion worth of Canadian goods on Saturday. Canadian Prime Minister Mark Carney announced that Ottawa would respond with equivalent retaliatory measures starting September 8. The move marks a significant escalation in trade tensions between the two neighboring countries. The tit-for-tat exchange threatens to strain one of the world's most longstanding and closely integrated bilateral trade relationships.
A 5.9 magnitude earthquake struck northeastern Japan, leaving more than 30 people injured. The quake was centered in Ibaraki prefecture, located in the southern part of the region. It originated at a depth of approximately 70 kilometres below the surface. Ibaraki is a seismically active area that experiences earthquakes on a frequent basis.
A fire at a hotel in Kolkata claimed nine lives, with seven of the victims identified as Bangladeshi nationals. One victim was from Jharkhand and another from Siliguri in West Bengal's Darjeeling district. Authorities arrested the hotel owner in connection with the deadly incident. The fire highlighted serious safety concerns at the establishment. Investigations are ongoing to determine the exact cause of the blaze.
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