WASHINGTON -- Former U.S. Treasury Secretary Lawrence Summers said in an interview with Bloomberg TV on Tuesday that the United States is likely heading into a recession, with the possibility of 2 million Americans losing their jobs, as a result of the ongoing tariff increases.
"It's more likely than not that we're going to have a recession - and in the context of a recession, we'll see an extra 2 million people be unemployed," Summers said on Bloomberg Television's Wall Street Week. (US-Trump-Tariff-Recession)
- - - -
OTTAWA -- Canadian Finance Minister Francois-Philippe Champagne on Tuesday confirmed that Canada's new countermeasures announced last week in response to the U.S. tariffs on the Canadian auto industry will come into force at 12:01 a.m. EDT on Wednesday, April 9.
Champagne said Canada would continue to "respond forcefully" to all unwarranted and unreasonable tariffs imposed by the United States on Canadian products. (Canada-US-Tariffs)
- - - -
SANAA -- At least six people were killed and 15 others injured in multiple U.S. airstrikes across Yemen on Tuesday, according to Houthi-run al-Masirah TV and local health authorities.
Of the casualties, six deaths and 13 injuries took place in the Red Sea port city of Hodeidah as U.S. strikes hit a residential neighborhood in the city's Amin Muqbil district, while two other injuries were reported in Dhamar province, where a farm was attacked. (Yemen-US Strikes)
- - - -
PANAMA CITY -- At least 27 people were killed Tuesday when the roof of the Jet Set nightclub collapsed in Santo Domingo, the capital of the Dominican Republic, authorities confirmed.
The collapse occurred in the early hours of the morning during a live music event. Emergency officials said 134 people were rescued with injuries and taken to local hospitals. (Dominican Republic-Collapse) Enditem
Go to Forum >>0 Comment(s)