Donald Trump plans to put 25% tariffs on Canada starting this Saturday, Feb. 1, which could have ripple effects on the US housing market. The US imports more wood from Canada than any other country, and tariffs will raise construction costs in an already tight market where nearly half of Americans can’t afford a home.
After Canada, the US imports most of its wood from China and Mexico – which Trump has also threatened steep tariffs on – as well as Brazil and Germany.
South Korea’s Constitutional Court on Friday voted 8-0 to oust impeached President Yoon Suk-yeol over his decision to declare martial law in December. Supporters of Yoon who gathered near the presidential residence in Seoul reportedly cried out in disappointment as the court’s unanimous decision was announced. Others cheered the ruling.
Stocks have plummeted, layoffs have begun, and confusion has metastasized about the bizarre method the United States used to calculate its tariff formula. But Donald Trump says it’s “going very well."
The second largest party in South Africa’s coalition, the business-friendly Democratic Alliance, launched a legal challenge on Thursday to block a 0.5% VAT increase in the country’s new budget, raising concerns that the fragile government could collapse.
Remember the TikTok ban? The new deadline President Donald Trump set for the app to find an American buyer or be banned from US app stores, midnight Saturday, is rapidly approaching.
Overnight, the US moved to having the world’s highest tariffs by a long margin. Here is Ian Bremmer's Quick Take on the near and long-term fallout
Have you stayed atop GZERO’s news coverage this week? Here's your chance to prove it.
National Security Advisor Mike Waltz looks on as he sits next to US Defense Secretary Pete Hegseth in the Oval Office on March 13, 2025.
Someone needs to take National Security Advisor Michael Waltz’s phone out of his hand.
President Donald Trump holds a "Foreign Trade Barriers" document as he delivers remarks on tariffs in the Rose Garden at the White House on April 2, 2025.
Donald Trump’s much-anticipated “liberation day” tariff announcement on Wednesday is the biggest disruption to global trade in decades, so the political, diplomatic, and economic impacts will take time to become clear.