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World

US-Canada trade war deepens as Trump revives Depression-era trade tool – what’s at stake for consumers and the midterms

Trump’s use of a trade tool created during the Great Depression helped trigger a trade war between the two border countries, with few signs of de-escalation in sight.

  • US and Canada plunged into trade war after failing to resolve talks.
  • President Trump invoked 1930 Smoot-Hawley Tariff Act Section 338.
  • Higher costs for Canadian imports expected in border states.

Tech

Playdate Manufacturer Panic Is Passing Tariff Refunds to Customers

Panic's Playdate, a crank-powered handheld gaming system, launched all the way back in 2022, but last year it fell victim to the same tariffs that hit many gaming products. And, now that the Supreme Court has ordered the government to refund those fees, Panic is forwarding those refunds to the customers that actually paid them.

World

Trump to Axios: I'm not worried Russia will attack NATO

President Trump told Axios in a phone interview on Thursday that he isn't concerned that Russia will attack NATO countries. Why it matters: European leaders have grown extremely concerned and warned publicly that Moscow could test NATO's resolve — and Trump's commitment to Article 5, the alliance's collective-defense clause — through a…

Business

'Flabbergasted': Road freight lobby criticises fuel excise deferral

Labour says it won't increase the fuel excise duty for an entire term if elected, but Transporting NZ says the cost of living may increase if freight becomes more costly or difficult to move.

  • Road freight lobby criticizes fuel excise deferral
  • Fuel excise duty to rise by 12 cents per litre in 2027
  • Labour commits to no fuel excise increases in term
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