EVENING EDITION
Saturday, August 22, 2026, 18:02 EDT
US and Canada escalate trade war as tariffs and retaliation begin
New US tariffs of up to 50% on selected Canadian goods have taken effect, while Canada has pledged dollar-for-dollar retaliation beginning Sept. 8. The New York Times emphasizes Prime Minister Mark Carney’s sovereignty concerns and accusations that Washington sought concessions on culture and trade policy; Axios describes the collapse as an unprecedented breakdown with the US’ second-largest trading partner. The measures are expected to raise costs and reduce choices for consumers and businesses on both sides of the border.
U.S.
3Federal judge voids Trump administration’s 75-country immigrant visa ban
A federal judge ruled that the Trump administration’s policy violated the Immigration and Nationality Act by denying immigrant visas based solely on nationality. The ruling vacates the ban and visa denials made under it, restoring case-by-case processing for affected applicants. The decision may require the State Department to recalibrate implementation while litigation continues.
Pentagon dismisses Stars and Stripes editor and reporter amid censorship concerns
White House targets 1,000 annual launches and human missions to Mars
World
2Russian drone strike on Kryvyi Rih mall kills at least 16
At least 16 people were killed and 130 injured after two drones struck a shopping centre in Kryvyi Rih, Ukraine, according to Ukrainian officials cited by the BBC. Four people remain missing, and rescuers expect the search to continue for up to two more days; President Volodymyr Zelensky said the second drone targeted emergency workers. The BBC reported that verified footage showed the second strike, while Russia’s military has not commented.
Israel strikes southern Syria, prompting Damascus condemnation
Business
2Trump filing details more than 1,000 portfolio trades in June
CNBC reports that Donald Trump disclosed 1,051 June transactions involving stocks, bonds and ETFs, with purchases exceeding $49 million and sales totaling at least $28.5 million. The filing shows broad portfolio changes, including the sale of Vanguard’s Dividend Appreciation ETF and purchases of Berkshire Hathaway, Home Depot and other securities. Because the disclosure uses value ranges and does not show total holdings, it provides an incomplete picture of his portfolio or investment strategy.
US debt surpasses $40 trillion as interest costs and deficits mount
Tech
6Nvidia customers face AI server price increases of more than 15%
Bloomberg reports that major customers were notified that prices for servers containing Nvidia AI chips will rise by more than 15% in many cases, beginning with systems shipped early next year. The increases will affect systems using Vera Rubin and Grace Blackwell chips and vary by chip generation and memory configuration, according to people familiar with the matter. Reuters cited the report but said it could not independently verify it; Bloomberg attributed the increases to soaring memory costs, which could pressure AI infrastructure budgets and complicate data center buildouts.