After last night's announcement of ~20% tariffs on softwood lumber imported from Canada, Prime Minister Justin Trudeau lashed out at the Trump administration saying the U.S. could suffer from a "thickening" border as trade tensions between the two countries escalated, sending the Canadian currency to a 14 month low.
What may be the most controversial annual shareholder meeting in Wells Fargo history, in which the board is seeking re-election after last year's misselling scandal, devolved into a screaming match on Tuesday morning and was briefly halted following interruptions by angry shareholders as the bank's chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board.
North Korea conducted what various media outlets have dubbed as its largest ever live-fire exercise on Tuesday to mark the 85th anniversary of the foundation of its military, as a U.S. submarine docked in South Korea in "a show of force" amid growing concern a showdown between the US and North Korea may be imminent.
"On April 26, we’ll go one step further and stage a very realistic emergency event involving multiple sites and actors posing as the casualties. However, there is no reason for residents to be alarmed because the exercise will occur in a controlled environment."
While Hawaiian officials are pushing to re-open fallout shelters, the people of another island (considerably closer, and well within range) are actively preparing for a worst case scenario from North Korea. As Reuters reports, sales of nuclear shelters and radiation-blocking air purifiers have surged in Japan in recent weeks as North Korea has pressed ahead with missile tests in defiance of U.N. sanctions.
In light of the recent spate of emergency drills and nuclear attack preparedness plans across the United States, it seemed notable that an unknown amount of stolen radioactive material has prompted the head of national emergency services to issue an alert today to nine Mexican states warning "don't open it."
"If the U.S. does take protectionist measures, then other countries are likely to take justifiable retaliatory actions against U.S. companies that have an advantage ... in fields such as finance and high-tech, leading to a tit-for-tat trade war that benefits no one," the official China Daily said in an editorial on Monday warning it would retaliate to any protectionism unleashed by the Trump administration.
Taliban insurgents attacked a U.S.-operated base in Afghanistan's eastern province of Khost on Monday officials said, but gave few immediate details of an assault that coincided with a surprise visit to Kabul by U.S. Secretary of Defense James Mattis. The attackers detonated a car bomb at an entrance to Camp Chapman, a secretive facility manned by U.S. forces and private military contractors.
China "hopes that all relevant sides exercise restraint, and avoid doing anything to worsen the tense situation on the peninsula", Xi told Trump. As Reuters notes, China is increasingly worried the situation could spin out of control, leading to war and a chaotic collapse of its isolated, impoverished neighbor.