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Month: March 2025

Trump reverses new tariffs threat on Canada after Ontario rescinds electricity charges

By David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump backed down from an extraordinary trade war escalation Tuesday that had threatened a massive surge in tariffs on Canadian steel and aluminum and new tariffs on Canadian electricity. In turn, Ontario paused surcharges on electricity to US customers. After the back-and-forth tariff threats

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Ukraine agrees to proposal for ceasefire with Russia as US restores aid and intel sharing

By Ivana Kottasová, Lauren Kent, Alex Marquardt and Jennifer Hansler, CNN Jeddah, Saudi Arabia (CNN) — Ukrainian President Volodymyr Zelensky said Tuesday that Ukraine had accepted a 30-day ceasefire proposed by the United States, following critical peace talks between US and Ukrainian officials in Saudi Arabia. The ceasefire proposal accepted by Ukraine covers the entire

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Small business uncertainty about the economy spikes to the second-highest level since 1973

By Bryan Mena, CNN Washington (CNN) — The Trump administration’s dizzying back-and-forth on tariffs is paralyzing America’s small businesses as they grow worried about the US economy’s future. The National Federation of Independent Business’ Uncertainty Index climbed in February to its second-highest reading on record, going back to 1973, according to the group’s latest survey

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