Good Morning! Much of Oslo is cloudy today, but the sun will be on the horizon for the capital later in the week.
Much of today’s global news is dominated by American politics amid the US pausing military support to Ukraine amid a spat with Zelenskyy. The US stock markets have tanked following the US tariffs on Canada and Mexico.
Trump’s ‘first buddy’ Elon Musk is making the news in Norway as he recently highlighted a ranking of European countries’ trust in media – with Norway leading the way.
Norway looks at the US tariffs on the country’s closest neighbours and China’s announcement os a 15% customs duty on US goods.
Musk Promotes Media Trust Rankings on X
Elon Musk recently shared a post on X highlighting a ranking of European countries’ trust in media, with Norway leading at 73%. The data, originally posted by “Norwegianesc,” reflects a growing trend of people looking for reliable news sources amidst a polarized media landscape.
Musk encouraged his followers to use X to stay informed, promoting it as a platform for sharing essential information. This endorsement comes amid ongoing discussions about misinformation and the role of social media in public discourse.
US Customs Duties Impact Trade with Mexico and Canada
New customs duties imposed by the United States on Mexico and Canada have taken effect, marking a significant shift in trade relations. These tariffs are part of the US’s strategy to bolster domestic production while adjusting its economic policies towards its North American neighbors.
This move is likely to strain long-standing trade agreements and could incite retaliatory measures from both countries, further complicating the regional trade dynamics.
China’s New Customs Duties on US Goods
In a reciprocal measure, China has announced a 15% customs duty on a variety of American goods. This action follows recent tariff disputes and reflects ongoing tensions in US-China trade relations.
The levies aim to counterbalance tariffs imposed by the US on Chinese imports and could escalate existing trade conflicts, ultimately affecting global supply chains and market stability.