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Canada PM Trudeau rejects Trump’s proposal to scrap NAFTA

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Canada PM Trudeau rejects Trump’s proposal to scrap NAFTA

[vc_row][vc_column][vc_column_text]Due to Trump’s approach G7 Summit may not bring Joint Communiqué

Amidst worldwide criticism of withdrawing from Iran nuclear deal, US President Donald Trump has now been facing opposition from its northern neighbor. Canadian Prime Minister Justin Trudeau has rejected a proposal by Washington to scrap the North American Free Trade Agreement (NAFTA) and adopt a bilateral trade pact.

According to a video available at Ottawa Citizen Newspaper, PM Trudeau on Wednesday said, “We have, on various occasions, heard the president speak about his interest or his musings about a bilateral deal instead of the trilateral NAFTA that we have. Canada’s position is, and always has been, that the trilateral approach is actually better for Canada, for Mexico and for the United States,” he added.[/vc_column_text][vc_column_text]While referring to the upcoming G7 Summit, Justin Trudeau told reporters, “We know certainly that there will be frank and sometimes difficult discussions around G7 table, particularly with the US president on tariffs”.

On Tuesday, the White House announced that US President Donald Trump wishes to engage in separate agreements with Canada and Mexico instead of remaining in the trilateral deal known as NAFTA.

Canada PM Trudeau rejects Trump’s proposal to scrap NAFTA

White House economic adviser Larry Kudlow had reportedly said thatPresident Trump is thinking about ways to dismantle the current trilateral structure of the deal and devise a bilateral basis to negotiate new terms with Canada and Mexico one on one, separately.

During 2016 election campaign Donlad Trump has repeatedly said that he would pull the US out of NAFTA which was signed by the US, Canada, and Mexico back in 1994. He claims that pulling out of the deal would serve well to US national interests.

Trump has described NAFTA as the “single worst trade deal ever approved” by the US, and claimed that it has led to the outsourcing of thousands of jobs from the US to Mexico and China.

Canada and Mexico, both the neighbors are strongly opposing Trump’s threat of canceling the existing trilateral deal and renegotiating new terms for individual country.

Moreover, Canada’s Trade Minister Francois Philippe Champagne has said that the world economic order was “under attack,” after Trump implemented tariffs on steel and aluminum from major US trading partners, including Canada and the European Union. “What we are seeing is that the world economic order is under pressure, under attack,” said Champagne.

On Friday, Trump told Canada and the European Union to do more to bring down their trade surpluses, a day after hitting the two US allies and Mexico with import tariffs on their steel and aluminum.

Read More: US lose leadership image worldwide under Donald Trump

On Sunday, Trudeau said the US imposition of tariffs on metal imports is an insult to their long standing security partnership.

Observers believe that the G-7 Summit, being held on Friday and Saturday in Quebec, Canada, will be marred by anti-globalist demonstrations when US President Donald Trump comes touting an America First agenda hitting allies with trade tariffs and threatens multilateral trade deals.

In another interesting development, Donald Trump, in a telephonic conversation with Canadian PM Trudeau on May 25, over new trade tariffs imposed by US administration targeting aluminum imports from Canada, made erroneous historical reference.

According to sources, as reported by CNN, Trudeau pressed Trump on how he could justify the tariffs as a “national security” issue. Trump responded saying, “Didn’t you guys burn down the White House?” referring to the war of 1812.

Historians say that the problem with Trump’s comments to Trudeau is that British troops burned down the White House during war of 1812. In fact British attack on Washington was in retaliation for the American attack on York, Ontario, in territory that eventually became Canada, which was a British colony at that time.

The summit is being held at a time when Canada’s PM Justin Trudeau and Germany’s Chancellor Angela Markel admit it will be difficult to even agree on a joint communiqué at the end of the meeting.

A senior European Union official, while briefing reporters on the pre-summit negotiations used discreet understatement to describe the impasse, but only ended up underscoring the width of the rift. “We find the tariffs to be illegal, so finding common language continues to be a challenge,” he said.[/vc_column_text][/vc_column][/vc_row]

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Byju’s founder Byju Raveendran sentenced to six months in jail by Singapore court over asset orders

In a major setback, a Singapore court has sentenced Byju’s founder Byju Raveendran to six months in prison for contempt after he failed to comply with multiple court orders regarding his assets.

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In a massive legal blow to the founder of the failed Indian educational technology firm Think & Learn Pvt (better known as Byju’s), a Singapore court has sentenced Byju Raveendran to six months in jail for contempt of court.

The court ordered the jail term after concluding that Raveendran had deliberately disobeyed multiple judicial directives regarding his personal assets, dating as far back as April 2024.

Disobedience of asset orders leads to prison sentence

According to people familiar with the matter, the Singapore court has instructed Raveendran to immediately surrender himself to the officials. Alongside the six-month prison sentence, the Byju’s founder has been ordered to pay legal costs amounting to S$90,000 (approximately $70,500). Furthermore, he has been mandated to provide documents verifying his official legal ownership of Beeaar Investco Pte, a corporate entity that holds equity shares in a related firm.

At the time of reporting, it remains unclear whether Raveendran is currently residing in Singapore or located elsewhere, and he did not immediately respond to requests for comment.

Escalating global legal battles

This sentencing marks the latest and perhaps most severe setback for the entrepreneur, who once achieved billionaire status amid a massive wave of global capital flowing into Indian start-ups. Today, Raveendran is being rigorously pursued by foreign investors across international jurisdictions. This includes intensifying legal battles in the United States, where global lenders are actively trying to recover heavy financial losses stemming from a defaulted $1.2 billion loan.

Media reports indicate that the ongoing Singapore court proceedings represent a broadening web of legal and financial crises following the operational collapse of the once-celebrated edtech giant.

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US hits Iranian missile sites and mine-laying boats near Strait of Hormuz amid peace talks

US Central Command executed targeted strikes against Iranian missile launch sites and mine-laying vessels near Bandar Abbas, testing a fragile ceasefire even as high-stakes diplomatic talks continue in the region.

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In a major development testing a fragile regional ceasefire, the United States military carried out targeted strikes in southern Iran on Monday. The operation hit missile launch sites and vessels allegedly attempting to lay mines near the crucial Strait of Hormuz, according to statements from the US Central Command (CENTCOM).

The military action took place near Bandar Abbas, a prominent southern port city hosting a primary Iranian naval base. Media reporting indicated that explosions were heard across multiple coastal locations, including Sirik and Jask.

Focus on ‘Self-Defense’ Amid Active Ceasefire

A spokesperson for CENTCOM, Capt. Tim Hawkins, confirmed that the engagement was defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces,” Hawkins stated. He noted that the operational targets included active missile launch sites alongside Iranian boats attempting to emplace naval mines. Despite the escalation, CENTCOM emphasized that it continues to exercise restraint under the parameters of the ongoing ceasefire brokered in early April.

According to media reports, the tactical response was triggered when two Islamic Revolution Guard Corps (IRGC) boats were detected laying mines in the strategic shipping lane. Additionally, a surface-to-air missile site reportedly targeted American warplanes, prompting US forces to neutralize both the vessels and the missile installations. Media channels citing local updates indicated that four individuals were killed in the strikes, though the complete casualty figures remain unverified.

Diplomatic Dialogue Continues in Parallel

The strikes coincide with a critical phase of diplomatic negotiations aimed at extending the current truce. Top Iranian negotiators traveled to Qatar early this week to discuss a potential 60-day extension of the ceasefire, alongside provisions to keep the Strait of Hormuz fully operational for global trade.

US officials maintain that the military action does not signal an end to the active truce. A senior administration source clarified that the specific operations are “over for now”. US Secretary of State Marco Rubio, speaking from India, affirmed that diplomatic channels remain open and active. Rubio stated that intensive language discussions regarding the initial documents are ongoing, reiterating that the opening of the strategic strait remains a core objective.

Meanwhile, political leaders in Washington have separately reiterated demands for the secured disposal or international transfer of enriched uranium stockpiles as part of any comprehensive long-term agreement.

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US announces new America First visa schedule to boost business ties with India

During his official state visit to New Delhi, US Secretary of State Marco Rubio announced a new America First visa schedule designed to prioritise business professionals and boost bilateral trade efficiency.

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In a significant development aimed at strengthening bilateral cooperation, the United States has introduced a new “America First” visa schedule. The policy update was announced by US Secretary of State Marco Rubio during his official four-day visit to India. The new schedule is specifically designed to prioritise business professionals who play a key role in fortifying trade and strategic connections between the two nations.

Speaking about the initiative in the national capital, the top US diplomat clarified that the updated framework will not only assist visa applicants but will also significantly enhance operational productivity for the diplomatic mission. “We’re introducing a new America First visa schedule that prioritises business professionals that strengthen these ties,” Rubio stated. He added that the arrangement will enable the system to process applications with greater accuracy, speed, and efficiency.

Focus on Indo-Pacific and regional security

The announcement coincided with high-level discussions between the visiting diplomat and Prime Minister Narendra Modi. The meeting, which lasted for over an hour, covered critical areas of bilateral interest, including trade, energy security, strategic technologies, defence cooperation, and the ongoing West Asia crisis. During the interaction, Rubio extended an official invitation from US President Donald Trump for PM Modi to visit the White House in the near future.

The US Secretary of State described the partnership between New Delhi and Washington as a foundational cornerstone of America’s overarching strategy for the Indo-Pacific region. Highlighting India’s central role, Rubio noted that his very first official engagement upon taking office was a meeting of the Quadrilateral Security Dialogue (Quad), emphasizing that hosting the upcoming foreign ministers’ meeting in India acts as a tangible sign of the deep commitment to this framework.

Clarification on immigration rules

Addressing separate concerns regarding recent shifts in American immigration policies, the top diplomat provided a crucial clarification regarding the new guidelines for permanent residency. Media reports had previously highlighted anxieties surrounding a newly instituted rule that requires many legal immigrants to exit the US and apply for green cards from their home countries.

Rubio explicitly stated to the media that these measures are universal regulatory updates rather than policy shifts targeted at any specific nation. He reassured that the rule is applicable globally to all international applicants and is not directed exclusively at Indian citizens.

The visit marks Rubio’s first official trip to India since assuming office. His comprehensive itinerary began in Kolkata and includes a scheduled bilateral dialogue with External Affairs Minister S Jaishankar, alongside participation in the Quad Foreign Ministers’ meeting alongside international counterparts.

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