Wednesday, September 30, 2026


Trump, AI CEOs sign voluntary safety pact, back data center expansion

By Courtney Rozen and Steve Holland
Tue, September 29, 2026 




US House Speaker Mike Johnson, US Secretary of Commerce Howard Lutnick, Meta CEO Mark Zuckerberg, SpacexAI Founder and CEO Elon Musk, Nvidia President and CEO Jensen Huang, and CEO of AMD Lisa Su attend a luncheon for tech leaders hosted by US President Donald Trump in the East Room of the White House in Washington, D.C., US, September 29, 2026. REUTERS/Jonathan Ernst


US President Donald Trump, with Meta CEO Mark Zuckerberg, US House Speaker Mike Johnson (R-LA), Nvidia President and CEO Jensen Huang, OpenAI President Greg Brockman, SpacexAI Founder and CEO Elon Musk, and other tech leaders, speaks to the media at the White House driveway following a luncheon for tech leaders in the East Room, in Washington, D.C., US, September 29, 2026. REUTERS/Kevin Lamarque



Meta CEO Mark Zuckerberg, SpacexAI Founder and CEO Elon Musk, and Nvidia President and CEO Jensen Huang, sit by US President Donald Trump as he hosts a luncheon for tech leaders in the East Room of the White House in Washington, D.C., US, September 29, 2026. REUTERS/Jonathan Ernst


US President Donald Trump, Meta CEO Mark Zuckerberg, SpacexAI Founder and CEO Elon Musk, and Nvidia President and CEO Jensen Huang, attend a luncheon for tech leaders in the East Room of the White House in Washington, D.C., US, September 29, 2026. REUTERS/Jonathan Ernst


Meta CEO Mark Zuckerberg, next to US President Donald Trump, speaks to the media at the White House driveway following a luncheon for tech leaders in the East Room, in Washington, D.C., US, September 29, 2026. REUTERS/Kevin Lamarque

US President Donald Trump and SpacexAI Founder and CEO Elon Musk speak to the media at the White House driveway following a luncheon for tech leaders in the East Room, in Washington, D.C., US, September 29, 2026. REUTERS/Jonathan Ernst

WASHINGTON, Sept 29 (Reuters) - US President Donald Trump on Tuesday said tech executives agreed to establish voluntary standards for AI and reiterated his support for rapid expansion of data centers, as concerns mount over AI safety and the industry's growing footprint in communities.

Trump made the comments ‌after meeting with tech executives at the White House. The companies agreed to work with "independent auditors" to assess whether AI systems are working as their designers intended, ‌according to a copy of the agreement posted by Trump on his social media platform. The companies also said they would work to ensure their AI tools do not "hack or access technical systems in unintended ways."

The administration ​faces increasing scrutiny over risks posed by advanced AI, after OpenAI and Anthropic reported their AI agents had gone rogue and hacked into other companies' systems.

Data centers, which provide the computing power to train and run AI models, have drawn opposition in communities nationwide over concerns about electricity demand, utility costs and other local impacts. The backlash poses a political challenge for Republicans heading into the US midterm elections on November 3.

"It's almost like a constitution, in a way," Trump said, referring to the agreement between the companies. "And the biggest people in the world signed that, and ‌I signed it as president. And it really is a ⁠form of protection."

What began as a closed-door lunch with technology executives spilled into public view when Trump joined House Speaker Mike Johnson and a lineup of CEOs on the White House driveway, an area rarely used by the president to speak to journalists. He took questions from ⁠reporters for about 30 minutes on AI safety and other topics with the CEOs standing behind him.

The unusual scene came as pressure has mounted on the administration to address the risks and rapid spread of AI, and underscored the alliance Trump has cultivated with leaders of the tech industry. Executives at the meeting included OpenAI's Greg Brockman, Anthropic's Dario Amodei, Meta's Mark Zuckerberg, Google's Sundar Pichai and Nvidia's Jensen ​Huang.

Zuckerberg, ​pulled forward from the crowd of billionaire executives by Trump to speak, said the companies agreed to ​develop "robust internal controls" for their AI systems. Trump said he is considering ‌setting up a 10-person board to police the safety of AI tools. He did not specify potential members of that group. He added he would soon name a new official to lead White House policies on AI.

DOUBLES DOWN ON DATA CENTERS

Asked whether he was concerned that his support for data centers could hurt Republicans in November, Trump said tech companies would work to make communities "happy" about the construction of data centers.

"These big, powerful, very rich, very smart companies are going to be making massive contributions to communities," Trump later told reporters gathered on the White House driveway, surrounded by the company executives.

But the companies have come under fire for not doing enough to make AI safer. A nationwide Reuters/Ipsos poll from September 17 ‌to 20 shows some 73% of respondents worry that AI companies haven't done enough to prevent AI ​from causing serious harm to society, and 55% of people said it would be good to slow AI ​development.

AI company executives and investors were among the largest individual donors in 2025 ​to MAGA Inc., a political action committee aligned with the president. OpenAI's Brockman and his wife, Anna Brockman, gave a combined $25 million to the committee ‌in 2025, according to Federal Election Commission records.

Trump met with the ​CEOs the same day his aides announced a ​new AI tool that they said will make it easier for the public to use government services.

Silicon Valley executives attended an event launching the new tool, including Meta's Dina Powell McCormick and Sequoia Capital partner Shaun Maguire. Airbnb co-founder Joe Gebbia led the design of the new tool. Silicon Valley companies Google, SpaceX, Meta and 8VC were ​listed in the launch event's program as sponsors.

Trump at the launch ‌event said the AI tool could not "in theory, be hacked into" by bad actors. He did not provide evidence.

Trump on Tuesday also directed government agencies to ​use the words "super intelligence" instead of "artificial intelligence" when referring to the technology.

(Reporting by Courtney Rozen and Steve Holland in Washington; additional reporting by Trevor Hunnicutt; ​Editing by Chris Sanders, Colleen Jenkins, David Gaffen, Nick Zieminski, Cynthia Osterman and David Gregorio)


Bill Gates says the future of AI will happen in 2 phases and lead to 'an era of abundance'

Business Insider
Lauren Edmonds
Sun, September 27, 2026 


Bill Gates said in an interview on "Meet the Press" that AI will have two phases.


He said we're now in an adjustment period during which AI's full potential isn't attainable.


Gates called phase two, which combines AI and humanoid robots, the "era of abundance."

Bill Gates says there's a light at the end of the tunnel for AI, so long as humanity can wait a couple of decades.

During an interview on NBC's "Meet the Press," the billionaire businessman said AI will evolve in two phases. He told host Kristen Welker that humanity is entering the first phase, in which AI has the potential to solve problems like the high cost of living and expensive healthcare, but can't do so yet.

"Yet it will be changing the job market and potentially empowering criminals if we don't have the right safeguards, so you have a period that's probably 20 years long where you have this adjustment," Gates said.

Phase two is when humanity will begin to reap the benefits of AI.

"Once you get through that, then a combination of humanoid robots and AIs will provide. Building houses, growing food, a lot of things," Gates said. "You could call it an era of abundance."

He told "Meet the Press" that humanity will still face challenges, like finding a sense of purpose and deciding how to spend newly acquired free time, but large-scale shortages won't bog us down.

"That's for the younger generation to figure out what that looks like. My focus is can we get through this period of turmoil without too much damage," Gates said.

Tech leaders have promoted AI as the next technological frontier and a necessary step in advancing humanity. They've said AI could lead to medical breakthroughs, boost productivity, revitalize economies, make essential goods affordable, and handle mundane tasks, giving humans more free time.

Critics, on the other hand, have expressed concerns that AI will cause job losses, worsen the environment, strain utility grids, and pose the risk of copyright infringement by trained AI models. They've also pointed toward privacy and cybersecurity issues, which have gained attention in recent weeks due to a spattering of AI-linked hacks.

An OpenAI agent escaped its system and hacked another AI company, Hugging Face, in July. Earlier this month, a research team at an AI startup said it used Anthropic's Claude to hack into OpenAI's codebase. The Wall Street Journal reported last week that Google's Gemini had hacked three companies this spring. On Wednesday, Prime Minister Anthony Albanese said an OpenAI agent gained unauthorized access to an Australian government website this summer. Anthropic CEO Dario Amodei called on the industry to slow the pace of AI development this month, rallying AI leaders such as Sam Altman and Elon Musk.

On his part, Gates has advocated for AI guardrails and expressed concerns over how the technology could be misused. During the "Meet the Press" interview, Gates said AI is powerful enough to "drive events that cause a billion deaths."

"You need law enforcement and the politicians to get into the discussion about what safeguards and monitoring look like," Gates said. "That has to be a required thing, and it will be a little bit of overhead for the industry, but not a dramatic slowing of what they're doing."

While Gates and other industry leaders look toward the US government to set regulations, the director of the White House Office of Science and Technology Policy has a different take.

"It's very interesting that they talk about these issues, about how scared they are about potentially where the future is, and maybe they want to do a pause," Michael Kratsios told Fox News Sunday this month. "Our position is, if you do believe that you're developing a technology that is unsafe or you don't want it out into the world, you can just stop it."

OpenAI halts release of latest model over safety concerns


The Independent
Vishwam Sankaran
Mon, September 28, 2026 


OpenAI halts release of latest model over safety concerns

OpenAI is delaying the release of its latest artificial intelligence model after it showed "higher levels of deception" than its predecessors, amid a growing push within the industry to slow down the advance of AI.

The decision comes as AI researchers worldwide call for slowing down the development of autonomous systems until safety measures can catch up.

OpenAI's head of safety systems, Saachi Jain, told The Wall Street Journal that the model GPT-6.1 Astra, slated for an October release, failed to meet the company's standards for assessing whether it follows human intent.

"We have an extremely high bar in terms of safety and alignment ... It didn't quite meet the bar", Ms Jain said.

She said the AI model had issues with "scope authorisation", attempting to use external tools or services in situations when it could be unsafe.

Ms Jain's announcement comes amid industrywide reports of AI systems going rogue.

OpenAI said last week that it would resume training its most advanced models "only when we are confident that we have additional safeguards" after it revealed in a report that its AI agents exceeded their instructions.

Several AI firms also admitted over the Summer that their experimental models hacked other firms, and a researcher who quit working with Anthropic warned that AI could "kill us all by the end of the decade".

"We must slow the pace at which we improve ⁠the capabilities of AI models," Anthropic chief Dario Amodei said in the wake of the growing panic.

He pointed out that AI agents were found increasingly collaborating with each other and hacking into other systems, hinting this could get worse.

"Given the accelerating rate of AI capability development, it's my worry that in ‌6-12 months such a swarm could be capable of taking over the entire internet potentially causing hundreds of billions of dollars in damage," Mr Amodei wrote in a long essay.


(Reuters)

He warned in Anthropic's Initial Public Offering (IPO) prospectus that AI models could "conceal or manipulate information", or exhibit "self-preserving" behaviours such as attempts to "resist shutdown".

Microsoft's Bill Gates also warned that AI is "powerful enough to drive events that cause a billion deaths".

OpenAI's Sam Altman and xAI's Elon Musk also concurred, joining the call to "slow the pace" of AI development.

On Tuesday, Mr Altman is scheduled to deliver a keynote address at OpenAI's annual conference for software developers in San Francisco, while the company's president Greg Brockman is expected to attend the White House's event.

OpenAI's Altman Wants to Avoid Another Industrial Revolution, AI Overlords


PC Mag
Michael Kan
Tue, September 29, 2026


sam altman - Credit: PCMag/Michael Kan

OpenAI CEO Sam Altman says he's trying to avoid a repeat of the downsides of the Industrial Revolution, even as his technology sparks fears about job loss and societal destruction.

"We really want people to stay at the center of the story, and to make decisions about the future," he said during a Q&A session with journalists at today's DevDay in San Francisco.

Some insiders, including Nvidia CEO Jensen Huang, have compared the rise of AI to a new Industrial Revolution, an era of major manufacturing and scientific advancement during the 18th and 19th centuries. But that era also led to human labor and environmental exploitation.

At a Tuesday White House event, President Trump said of AI: "I will never stifle the growth of a technology that will be bigger than the Industrial Revolution." During the Q&A, Altman agreed that AI could be bigger "in terms of impact to the world," but he added, "I don't think the Industrial Revolution was all good. And I don't think the purpose of this technology is just sort of turn the economic crank faster and faster for the sake of AI."

As one of the leading AI providers, OpenAI holds major influence over the technology. But Altman emphasized that his company remains committed to expanding access to leading AI tools for all people. ChatGPT now has over 1.2 billion weekly users, and a key focus is "empowering" people to use AI to create new businesses or uncover scientific breakthroughs, rather than having AI automate facets of society.



Altman also wants to avoid using the technology to create a sci-fi-like AI overlord. "To kind of automate everything and have one single AI, or AI company, that just sort of runs this economic engine and decides how [many] resources to hand out to people based on something like a function it decides on? I think we should learn from the mistakes of the Industrial Revolution, and we should be more like the Renaissance," he said.

On the AI regulation front, Altman said he's trying to take a middle ground between the two extremes in the ongoing debate: those who want to charge ahead, believing nothing will go wrong with AI, and those who've been calling for a full stop, fearing the technology will eventually doom humanity.

"I don't like either one of those things," he said. "I think that both of them sort of assume that people don't have much agency, or whatever is going to happen is going to happen, and we can't avoid bad stuff. I think as an industry we need to navigate this centrist half."

He added that both extremes are about a "power imbalance," but threaten to block what makes society "robust and resilient," adding, "My hope is that as an industry, we can come together and say we need to go down this middle path."

At today's DevDay, OpenAI launched dots, a personal AI agent that can work 24/7 on various tasks, which is bound to compete with Meta's Muse. For now, dots is only available for subscribers to OpenAI's pricey Pro, Premium Business, and Enterprise plans. But in the Q&A, Altman confirmed the goal is to eventually offer dots to consumers.

He also hinted that Dot will also become part of OpenAI's hardware plans, but declined to elaborate. In the meantime, rival Meta is preparing to release a Tamagotchi-like hardware device, dubbed Muse Charm, that will offer instant access to a user's AI agent.

Disclosure: Ziff Davis, PCMag's parent company, filed a lawsuit against OpenAI in April 2025, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.


OpenAI scraps rollout of new model over safety concerns


BBC
Osmond Chia - Business reporter; 
Liv McMahon - Technology reporter
Tue, September 29, 2026 

OpenAI has announced it will not release its latest AI model due to safety concerns.

Its GPT-6.1 Astra system, which performs tasks like browsing the web and using apps by itself, "didn't quite meet the bar" of the company's standards, according to Saachi Jain, head of safety systems at OpenAI.

The ChatGPT-maker also issued an update on incidents that occurred in June but were not made public until last week, where its models accessed Australian government websites and systems without authorisation.

It comes as breaches by major AI firms' models intensify the debate about risks posed by the tech - with Anthropic underlining its concerns AI might threaten humanity as it prepares to go public.

Reuters reported on Tuesday that the AI developer - which makes ChatGPT-rival Claude - plans to warn potential investors in its Initial Public Offering (IPO) that the tech may pose "catastrophic or existential risks to humanity", according to a prospectus it has seen.

Despite the stark warnings, the company is expected to become one of the most valuable in the world when it goes public.

"I think it's kind of crazy that companies are continuing to push forward with developing these capabilities when we've already seen over the last couple of months of incidents that they're nowhere near safe and controlled enough", said Jess Whittlestone, a senior advisor on AI policy for the Centre for Long-Term Resilience think tank.

Top AI leaders including Anthropic boss Dario Amodei and OpenAI's Sam Altman have urged the industry to slow the pace of development.

Why are there concerns AI could threaten humanity, and how real are they?
Growing safety questions

OpenAI's decision, first reported by the Wall Street Journal, is a rare instance of a major AI developer pulling a new release over safety concerns.

The model fell short in terms of "staying within scope and authorisation and how it communicates back to the user about the type of work it's done," Jain said.

"We want to make sure our model development is safe no matter whether that's in the company, or when we ship it to users. But when we ship it to users, we have an extremely high bar in terms of safety and alignment," she added.

The flagship GPT-6 Astra agentic model was released in September and specialises in complex reasoning and executing tasks autonomously. OpenAI said it was the result of "years of research and big bets".

OpenAI is set to hold its annual DevDay developer conference in San Francisco on Tuesday, where it is expected to make several announcements. It is unclear if a new version of Astra will be among them.

The company's security controls have come under intense scrutiny after several high-profile incidents involving its technology.

It is not the first time a large AI developer has pulled or held back a new model.

Earlier this year, Anthropic said it would not publicly release a powerful Claude model, Mythos, because it was too good at finding dormant software bugs.

The company released a version of that model to the public several months later.

OpenAI meanwhile said in 2019 it would not be "too dangerous" to release one of its GPT models, now used to power its tools like ChatGPT.

The firm's decision to not publicly release the latest version of Astra was "a welcome sign that they are taking safety concerns seriously," said Prof Tony Cohn, foundational models theme lead at the Alan Turing Institute.

But he added that "safety should not be left purely in the hands of the developers: it should also be monitored and verified through independent government-approved regulators".

Prof Gina Neff, of the Minderoo Centre for Technology and Democracy at the University of Cambridge, said OpenAI's announcement showed "how much more the company needs to do to make their AI products safe".

She told the BBC it was "critical" to have independent tests of AI models by labs like the UK's AI Security Institute - which evaluates frontier systems on a voluntary basis - because "these companies have proven that we can't rely solely on them for our safety"


Australia hacks

Last week, Australian Prime Minister Anthony Albanese announced that a rogue OpenAI agent had hacked into government websites and systems in June in what experts said was the first known case of its kind in the world.

Albanese criticised OpenAI for notifying the Australian government through a generic email address rather than making direct contact with officials.

OpenAI said in a statement on Tuesday that it was sorry for the incident and that it "should have handled our response better".

Services Australia, the NSW Bureau of Crime Statistics and Research, the Victorian Department of Health and the Australian Institute of Health and Welfare were all affected, OpenAI clarified.

The firm said it launched investigations as soon as it became aware of issues in mid-August and notified the affected organisations between 10 and 24 September.

"Our aim was to give affected agencies a detailed account once our investigation was complete," OpenAI said, adding that it should have shared early findings more promptly and kept Australian authorities updated.

OpenAI added that it will develop "practical approaches" to how developers and governments identify and disclose future AI incidents.

The company will fund cyber security measures, offer dedicated support to impacted agencies and set up a taskforce to manage the risks from increasingly advanced AI agents.

It also said a top OpenAI executive would attend a Joint Select Committee hearing on AI in Australia on 6 October.

In July, OpenAI said its AI systems had accessed the internet and hacked into open-source developer hub Hugging Face, prompting researchers and officials to call for tighter controls over the technology.

On Monday, chip giant Nvidia released a set of software safety tools for autonomous AI platforms - called agents - that it said could have prevented the Hugging Face hack.

One of the new tools uses hardware features in Nvidia's chips to contain agents.

Nvidia boss Jensen Huang has largely dismissed calls for tighter AI regulations, arguing that rogue agents are an engineering problem that can be solved.

Nvidia agreed to buy Hugging Face for $12.9bn (£9.74bn) earlier this month.


Pope Leo XIV is among figures who have expressed scepticism over Nvidia boss Jensen Huang's views [EPA]

The pontiff, who said on Monday during a visit to France that AI "should be taken seriously", added he had read that Huang had suggested there could be a way to insert guardrails ‌into certain AI models.

"He's the same one, however, ⁠that says there should ⁠be no limits placed and no government regulation," said the Pope.

Nvidia declined to comment on the record.

US President Donald Trump and House Speaker Mike Johnson are set to host tech executives at the White House later on Tuesday to discuss regulations around AI.

Trump has downplayed concerns about AI's risks as a "hoax", arguing that the US has sufficient laws in place and that the only "guardrails" the technology needs is a "strong and smart" president.

[BBC]

OpenAI pulls plug on ‘untrustworthy’ new AI model as tech doomerism mounts: report


NY Post
Ariel Zilber
Mon, September 28, 2026 

OpenAI reportedly slammed the brakes on releasing its next-gen AI model after finding it was not trustworthy – the latest example of the artificial intelligence industry proceeding with caution amid growing doomer warnings about the tech.

The company scrapped an October release for the product, known as GPT-6.1 Astra, after researchers found it wasn't always forthright when it came to telling users what it was doing during internal testing, the Wall Street Journal reported Monday.

On top of that, the mischievous model was reportedly prone to push ahead on tasks without human authorization and sometimes tried to use potentially unsafe tools and services.


OpenAI reportedly canceled the October release of its latest next-gen AI model after finding it "untrustworthy." REUTERS

OpenAI's head of safety systems Saachi Jain told the paper that GPT-6.1 Astra wasn't reliable enough to release safely.

GPT-6.1 Astra would have been better than previous OpenAI products at hard challenges performed without human assistance, along with writing, according to the Journal.

But among other issues, it fell short when it came to "alignment," a term of art describing how well an AI does what humans want it to do.

"For anything regarding safety and alignment, there's a trade off," Jain told the Journal. "You really do need to find what's the right line between staying within scope, but also avoiding laziness in terms of how the model actually pursues tasks even when it hits friction."

The jarring disclosure came in the wake of a growing number of reports of AI bots and agents running amok.

OpenAI, Anthropic and other security researchers have been investigating thousands of breaches during both internal and real-world testing in which AI models broke through guardrails and even took part in digital hijackings, Axios reported Saturday.

Last week, OpenAI revealed its bots had tried to hack government and university websites earlier this year without any human instructions.

AI agents from Anthropic, Meta and Google have also hacked into other systems without being prompted by humans, according to reports.

Amid recent reports of AIs gone wild, a growing chorus in Silicon Valley and beyond has been calling for leaders to tap the brakes on developing artificial intelligence.

Both OpenAI's CEO Sam Altman and Anthropic chief Dario Amodei have called for slower progress on AI, while stopping short of demanding a research moratorium.

President Trump has rejected such pleas, saying acting on them would put the US at a competitive disadvantage.

Billionaire investor Peter Thiel recently echoed his remarks, saying over the weekend that pausing progress would lead to a different kind of threat.

"In theory, you could slow it down if you had genuine deep cooperation across the whole world. But I think that would require one-world government with real teeth," he told Axel Springer CEO Mathias Döpfner on a podcast.

"And the sort of classical-liberal part of me thinks that's almost frying pan into fire. It's a cure that's worse than the disease."

OpenAI was scheduled to hold its annual developer conference on Tuesday. The AI giant previously used the event as a forum to show off its latest and greatest models amid its heated competition with Anthropic.

 Allies Refuse to Visit U.S. in ‘Mind-Boggling’ Collapse Under Trump


Martha McHardy
Mon, September 28, 2026



Evan Vucci / REUTERS

America's closest allies are increasingly looking elsewhere for their vacations.

Despite hosting the World Cup this year, the U.S. has suffered through a slump in international tourism.

Visitors from Canada are down 23 percent over the past two years, while travel from Germany and France has dropped 16 percent and 15 percent year-to-date, respectively.

Overall, the country is on pace to welcome 2 million fewer international visitors than last year, when approximately 68 million tourists came to the U.S.

That would put overseas visits roughly 20 percent below the 2019 peak of 79 million visitors.

"We're the only major country in the world losing visitation," Geoff Freeman, president and CEO of the U.S. Travel Association, told Axios. "It's mind-boggling."

The Daily Beast has contacted the White House for comment.

The decline follows an already brutal 2025 for American tourism. The U.S. welcomed roughly 4 million fewer international visitors last year than in 2024, a 5.5 percent drop in overseas tourism, according to CNN.

Foreign visitor spending fell by more than $8 billion during the same period.


Aside from the collapse in international travel during the COVID-19 pandemic, the 2025 decline marked the sharpest annual drop in overseas tourism in roughly two decades.

The largest drop came from Canada, with far fewer Canadians traveling to the United States.


Trump welcomes Canada's Prime Minister Mark Carney at the White House last year. / Evelyn Hockstein / REUTERS

Data from mobile tracking firm Cuebiq suggests Canadian travel to major U.S. cities may have fallen by as much as 42 percent over the past year.

Relations between the U.S. and Canada, historically close allies, have broken down since Trump began his second term.

Trump has floated the idea of annexing the country and making it the 51st U.S. state, and slapped tariffs on Canadian steel, aluminum, and automobiles.

After Trump imposed tariffs on Canada last year, visits from Canadians fell by 17 percent, contributing to a 7.5 percent overall decline in tourism, Politico reported.

But the U.S. has also seen a decline in visitors from many European countries like France and Germany.


Trump tries — and fails — to make a handshake look normal with Macron. / LUDOVIC MARIN / via REUTERS

German visits to the U.S. fell about 12 percent in 2025, according to figures cited by Le Monde. French visits fell nearly 7 percent.

Trump has raised tensions with his European allies since the beginning of his second term.

France and Germany were among eight European countries Trump threatened with a 10 percent tariff, potentially rising to 25 percent, because they opposed his threat to annex Greenland.

And in June 2026, Trump threatened major tariffs on French wine and champagne after French President Emmanuel Macron opposed the U.S. approach to Greenland.

"I asked them not to charge American companies, and if they do, I have no choice but to charge a 100 percent tariff on all champagnes and all wines coming out of France," the 80-year-old president told the New York Post. "All [French President Emmanuel Macron] has to do is get rid of the sales tax, and he wouldn't have that kind of pressure."

Meanwhile, Trump publicly lashed out at German Chancellor Friedrich Merz after Merz criticized U.S. strategy in the Iran war.

Trump called Merz "totally ineffective." The confrontation was followed by the Pentagon announcing plans to reduce the number of U.S. troops stationed in Germany by 5,000.



 Trump's tariffs are back in court


Elisabeth Buchwald, CNN
Updated Wed, September 30, 2026 


Containers are seen at the container terminal of Nanjing Port, in China's eastern Jiangsu province on September 8, 2026. Most Chinese goods shipped to the United States have faced a minimum 12.5% tax. - AFP/Getty Images

Here we go again: President Donald Trump's sweeping global tariffs are back under the legal microscope.

On Wednesday, a three-judge panel at the US Court of International Trade is set to hear arguments in a case that could determine whether the president can use a 1970s trade law to impose tariffs on nearly everything the United States imports.

Since late July, goods from 80 countries, including China, India and Japan, have faced tariff rates ranging from 10% to 12.5%. The administration imposed the duties after determining that those countries had allegedly failed to address the use of forced labor in producing goods shipped to the US. The US Trade Representative recommended the tariffs as a remedy, with higher rates applying to countries deemed the "worst offenders."

The rollout of these tariffs coincided with the lapse of a separate 10% near-blanket duty Trump had imposed earlier in the year under a different legal authority. The Supreme Court later ruled that Trump had overstepped his authority, which immediately invalidated the tariffs and triggered $168 billion worth of refunds for importers.


The complaint, filed by the Liberty Justice Center, a libertarian public-interest law firm that successfully won the landmark Supreme Court tariff case, argues that the administration is moving to preserve a predetermined global tariff policy. That, they argue, is an improper use of the trade law commonly referred to as Section 301.

Administration officials, meanwhile, told reporters previously that the timing was to "avoid complexity" that would come from layering the new levies on top of the then-10% duties.

"The real message here that everyone needs to take away is the president is going to always use the tools at his disposal to achieve his trade policy objectives," administration officials said on a briefing call with reporters shortly before the 10%-15% duties took effect.

While Wednesday's arguments may offer clues about how the judges view the case, a ruling could still take weeks — if not months. Either side could then appeal the decision to the US Court of Appeals for the Federal Circuit, which could also decide whether to pause enforcement of the tariffs while the case proceeds.

The fight could eventually reach the Supreme Court, extending the legal battle for several months more.

By the time it concludes, Trump may have already enacted a slew of new duties. Already, there are several pending Section 301 investigations that are widely expected to lead to higher border taxes. Beyond that, Trump has also tapped in to a Great Depression-era trade law to impose 50% duties on $20 billion worth of goods from Canada and issued widespread import bans from there.

CNN.com


 Trump Says Canada Will 'Get Rid' of All the Tariffs, Seek Trade Resolution Within 3-4 Weeks: ‘We're Going to Win Everything'


Namrata Sen
Wed, September 30, 2026 
BENZINGA


A person in a dark suit and red tie speaks outdoors, with other people in hats visible in the background. (Credit: Image via Shutterstock)


Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

President Donald Trump said that he expects Canada to seek a resolution to the ongoing trade dispute within the next month.

On Monday, Trump stated that he anticipates that Canadian officials will approach the U.S. in the next "3 or 4 weeks" to seek a resolution. The President stated that Ottawa will express its desire to "get rid" of all the tariffs and reach a fair agreement.

'We're going to win everything," Trump said.

Trump said Canada wants a deal with the U.S. but accused Ottawa of treating the U.S. unfairly. He further told reporters, "I think a deal will be made, but it's got to be a fair deal."
Canada-US Trade Tensions Escalate

Trump's ban on Canadian alcoholic beverages took effect Tuesday, escalating the trade dispute between the two countries. The move, which affects about $800 million in Canadian alcohol that the U.S. imported last year, follows reciprocal tariffs and Canadian provincial bans on U.S. liquor.

Canada's whisky and liqueur exports in containers over four liters are exempt from the U.S. ban and tariffs. However, switching to larger containers and rebottling could raise costs for businesses and consumers.

Earlier this month, several cheese products were placed under a 50% tariff instead of being banned outright. U.S. Trade Representative Jamieson Greer defended the restrictions, accusing Canada of retaliatory and discriminatory trade practices.

Canadian Prime Minister Mark Carney rejected Trump's tariff threats over Canada's proposed EU alliance, saying Ottawa will choose its own international partners. The U.S. President threatened heavy tariffs if Canada joins the EU as an associate member, while existing 50% U.S. tariffs on Canadian goods remain in place.




 Trump just banned Canadian booze — but there’s a big catch


Elisabeth Buchwald, Matt Egan, CNN
Tue, September 29, 2026 


Bottles of Canadian whisky at a Liquor Control Board of Ontario (LCBO) store in Toronto, Ontario, on September 29, 2026. - Cole Burston/Bloomberg/Getty Images

President Donald Trump's ban on Canadian booze kicked in on Tuesday, an unprecedented move that underscores the breakdown in one of the closest trading relationships in the world.

The ban, which impacts $800 million worth of Canadian alcoholic beverages the US imported last year, marks the latest salvo in a tit-for-tat trading war that already includes sky-high tariffs and a ban on US booze in Ontario and other Canadian provinces.

"This is highly escalatory. The US has sent a very significant shot across the bow to Canada," said Barry Appleton, distinguished adjunct professor of law and co-director of the New York Law School's Center for International Law.

Appleton warned that trade tensions will hurt US companies.

"Brand America is in peril because of the trade war. Canadians are really pissed. That's very hard for American brands," he said.

However, experts say most American shoppers are unlikely to immediately notice the ban, in part because of workarounds, exemptions and the fact that distributors have had time to stock up on imported Canadian alcohol before the ban took effect.

At the same time, with the quickly evolving trade picture with Canada, anything can change on a moment's notice. Hours before the ban took effect, Trump said he is confident the US will come out ahead, and expects Canada to come to the US with a deal soon.

"They want to have a deal with us, they call us all the time. The problem is that they've treated the United States very unfairly," Trump told reporters on Monday.

"Over the next three or four weeks, they're going to come to us and they're going to say, 'We're going to get rid of all the tariffs,'" Trump said. Canadian Prime Minister Mark Carney has not said anything to that effect, however.


The fine print

The US consumer impact will likely be limited by the fine print.

At a high level, the Trump order bans Canadian alcohol imports under a certain size but allows for bulk shipments.

"Bulk booze that is going to be rebottled in the US can cross the border. Labeled booze under a certain size can't," said Appleton.

For instance, whisky and liqueurs, two of Canada's top alcoholic beverage exports to the US, are exempt from the ban when sold in containers larger than four liters. In those cases, they also won't face any tariffs.

But making that switch requires having the right containers on hand or sourcing them from scratch, then rebottling smaller sizes more commonly sold in liquor stores. All that could add to businesses' costs – and potentially get tacked on to the prices consumers pay.

Crown Royal appears to be especially well-positioned since the company already sends bulk shipments of whisky to the United States, where it bottles all products sold domestically.


Bottles of Canadian-made Crown Royal whisky on March 4, 2025. - Christopher Katsarov Luna/Bloomberg/Getty Images

For beer, though, the ban is virtually impossible to get around without an American bottling arm because it covers the bottles, cans and kegs that consumers typically buy. A Canadian business could technically ship beer to the US in a tanker, but that's hardly practical.

That means Americans could have a difficult – if not impossible – time purchasing Moosehead Breweries' beer, since the company's entire brewing and bottling operations take place within Canada.

Ahead of the ban taking effect, Moosehead scrambled to get shipments across the border, a difficult feat as other businesses were racing to do the same, said CEO Andrew Oland. That meant paying rush fees as well as diesel surcharges.

"Misery loves company because we're all paying for this in the brewing industry," he told CNN, adding that tariffs the US and Canada have imposed on aluminum have also driven up the cost of cans.

While only 15% of Moosehead's sales come from the US, the complete loss of that customer base will certainly be felt, he said.

Beyond bulk exemptions, very few alcoholic beverages shipped from Canada were spared.

"Using import bans against an ally is unprecedented and a major deviation from US trade policy," said Inu Manak, a senior fellow focused on trade policy at the Peterson Institute for International Economics. "This is a very symbolic thing to target. It sends a message and is another form of escalation aimed at getting Canadian negotiators back to the table. But Prime Minister Carney is not in a rush to get a deal before the (US) midterms."

Some employees and executives in the alcohol industry expressed dismay about the escalating trade war.

"It's really unfortunate our industry has gotten pulled into this," said Chris Swonger, president and CEO of the Distilled Spirits Council of the United States (DISCUS), an industry trade group. "We American distillers export around the world. We don't want tariffs applied to our products and we don't want tariffs applied to our imports. We like to compete by sip and taste, not tariffs."

Swonger described the ban on US alcohol by some Canadian provinces as an "unforced error" and expressed hope the US ban forces a change in policy.

"We're working hard to get both governments back to the table to get this resolved," he said.

Manak noted that Canadian provinces banned US alcohol only in response to threatened US tariffs.

"In playground parlance, the United Stated started it. That was Canada responding," she said.

And now US officials are responding to that response, demonstrating how an escalatory tit-for-tat cycle gets out of hand.


Cans of beer at a liquor store in Victoria, British Columbia, Canada, on July 23, 2026. - James MacDonald/Bloomberg/Getty Images

Confusion on tap

A manager from a Niagara Falls, New York, liquor store located less than five miles away from the Canadian border told CNN he is confused and concerned about the US ban on Canadian alcohol.

"We have a lot of Canadian customers and a lot of Canadian liquor. This is not good for business," said the manager, who spoke on the condition of anonymity. "People have freedom to drink, right?"

An employee at a Port Huron, Michigan, liquor store near the border with Ontario similarly told CNN that many of his customers buy Canadian whisky including Crown Royal, Black Velvet and Rich and Rare.

But the Michigan liquor store employee added that store traffic from Canadians has declined significantly over the past year or so.

"We have a lot fewer Canadian customers than we used to," he said.

To impose the Canadian alcohol ban, Trump is relying on Section 338 of the Smoot-Hawley Tariff Act of 1930, the infamous trade law that exacerbated the Great Depression (and that was hilariously featured in the movie "Ferris Bueller's Day Off").

The law allows the president of the United States to impose tariffs of up to 50% or even ban certain imports when another country discriminates against "commerce of the United States," according to the statute. But because no president before Trump has used the law this way, courts have not weighed in on what the administration must prove to meet its requirements.

In addition to alcohol, Canadian dairy products, such as whey, and motorcycles are also subject to bans, with the Trump administration similarly alleging unfair treatment of American businesses. In total, the bans cover close to $1 billion worth of goods the US imported from Canada last year, according to federal trade data.

The partial Canadian ban on US booze has been painful for the American industry.

Exports of US spirits to Canada plummeted by 70% after Canadian provinces started removing US wine and spirits from store shelves in March 2025, according to DISCUS.

But the Canadian alcohol industry is especially reliant on American consumers.

About 93% of Canadian spirits went to the United States in 2025, according to DISCUS.

"It's going to be absolutely devastating for Canada and Canadian distillers," said Swonger.
From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect

PAUL WISEMAN
Mon, September 28, 2026


WASHINGTON (AP) — U.S.-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.

The ban amounts to barely a ripple in $880 billion worth of annual two-way trade between the two northern neighbors. But it marks another ratcheting up of President Donald Trump's second-term trade war with America's longtime ally and trading partner.

The import ban "certainly won't do anything to help the trade tensions between the United States and Canada,'' said trade attorney Patrick Childress, a partner at Holland & Knight and a former U.S. trade official.

The latest sparring began over the summer when Trump reached back to a Great Depression law to impose 50% tariffs on about $20 billion worth of Canadian imports, charging that Canada discriminates against U.S. dairy, auto and alcoholic beverage producers. Canada promptly counterpunched with tariffs of 15%, 25% or 50%, matching U.S. imports dollar for dollar.

To punish Canada for retaliating against his tariffs, Trump decided to ban a list of Canadian products, effective 12:01 a.m. Eastern time Tuesday.

Economic impact likely to be modest

The economic impact is likely to be minimal. Childress noted that the products on the banned list were already facing Trump's tariffs. "For a lot of these goods, the 50% was already acting as a de facto ban by making importation from Canada into the United States uneconomical,″ he said.

Jacob Jensen, director of trade policy at the center-right American Action Forum think tank, calculates that the ban would cover $967 million worth of Canadian imports, based on 2025 numbers. Of that, 87% would be alcoholic beverages that the U.S. targeted because of some Canadian provinces responding to Trump's provocations by banning U.S. booze from store shelves

Also banned are some dairy products — including the milk byproduct whey. The two countries have long clashed over Canada's attempts to protect its dairy industry from foreign competition by imposing hefty tariffs once dairy imports have exceeded a quota.

The ban also covers motorcycles. Bombardier Recreational Products (BRP) in Quebec confirmed that its three-wheel Can-Am Spyder and Canyon motorcycles "will be excluded from importation into the U.S.'' But BRP said the impact likely won't be felt until next year because it has completed most production and shipments for the current season.

Independent spirit distillers and beer brewers are expected to bear the brunt of the ban more than some well-known Canadian brands that may have workarounds. For example, Crown Royal can ship its whisky in bulk for processing, bypassing the ban. And beer maker Labatt Brewing Co. has some bottling operations in the U.S., exempting some of its beer from the ban.

Diageo, which owns Crown Royal, and Anheuser-Busch InBev, which owns Labatt, did not respond to requests for comments.

A distillery just across the Detroit River in Canada has stopped shipping whiskey to Michigan due to the ongoing tariff war and Trump's ban on Canadian alcohol. "It's really unfortunate," said Danielle Moldovan, director of marketing at the Wolfhead Distillery in Amherstburg, Ontario. "We are a border town. The Americans are great friends of ours, and they visit our distillery on a daily basis."

Moldovan is worried about the long-term impact on Wolfhead's business. Buyers in Georgia were interested in importing the distillery's Coffee Whisky. And its Michigan importer was considering its Vanilla Almond Biscotti and Banana Caramel Vodka. But "those products are going to be put on hold right now until we have further clarification about what's going to happen, how long this ban's going to last," Moldovan said.

"This marks yet another escalation in the trade war that may result in further retaliation on the Canadian side," Jensen said. He expects Canadian exporters and U.S. importers "impacted by these bans will be highly motivated'' to demand that trade officials on both sides find some way to reach a "resolution of this whole ordeal.''
A threat to US goal of a powerful North American trade pact

The impasse imperils efforts to renew the US-Mexico-Canada Agreement, a North American trade pact Trump pressured America's neighbors into accepting in his first term and which he once declared "the most modern, up-to-date, and balanced trade agreement in the history of our country.''

The deal allowed most goods to cross North American borders duty free. But since returning to the White House last year, Trump has announced a series of tariffs that have clouded the future of trade in the region.
Longtime ally Canada moves rapidly to find new trading partners

Trump has directed most of his ire at Canada. He is openly seeking to pull Canadian manufacturing south. And he has inflamed public opinion in Canada by repeatedly suggesting that the country become America's 51st state.

Canadian Prime Minister Mark Carney came to power last year on a promise to stand up to Trump. In addition to retaliating against Trump's tariffs — China is the only other country to do so, with very different results — Carney has sought to reduce Canada's reliance on the United States, which last year accounted for more than 70% of Canadian exports.

"There is now a price to be paid for access to the United States market," Carney said earlier this month. The Canadian prime minister wants to double Canada's non-U.S. trade over the next decade.

Carney has embraced the prospect of Canada becoming the European Union's first associate member.

And he said last week that trade negotiations with India are making "good progress" and that the two countries are aiming to conclude talks by the G20 summit in mid-December.

Carney also broke with the U.S. earlier this year, striking a deal with China to allow a limited number of Chinese electric vehicles into Canada at a sharply reduced tariff in exchange for China lowering tariffs on Canadian canola.

"We take note of the coming into force of the Administration's previously announced trade measures," said Gabriel Brunet, a spokesperson for Canada-U.S. Trade Minister Dominic LeBlanc. "Our first priority remains on protecting and supporting Canadian workers, farmers, families, and businesses from these unjustified actions. Our core focus is on what we can control: building strength at home, diversifying our partnerships abroad, and building Canada strong for all Canadians."

Trump expressed confidence that the Canadians would cave in.

"They're gonna come in and they're gonna say, 'Sir, we are sorry,'" he told reporters Monday. "They've treated the United States very, very badly. I think a deal will be made but it's gonna be fair."

Asked Tuesday about Trump's remarks, Carney declined to respond directly but said Canada remains open to talks.

"Canada stands ready to negotiate in good faith" toward "a mutually advantageous trade arrangement that respects both our countries' sovereignty," Carney said.

Carney also left the door open to further Canadian retaliation over U.S. tariffs and import bans, saying he would "never rule anything out." Asked whether Ottawa might increase trade pressure as the U.S. midterm elections approach, Carney said Canada would not time its response around the American political calendar.

He said Canada could help lower U.S. living costs and argued that energy, food, information and financial security are best served through reliable partnerships.

"Canada is a reliable partner, and we're ready to work in any or all of those areas," Carney said.

Trade attorney Childress said the standoff is likely to continue for months, not weeks. The import bans and the tariffs so far "probably won't cause enough economic upheaval to force either party back to the negotiating table,'' he said.

___

Associated Press writers Mae Anderson in New York, Rob Gillies in Toronto and Mike Householder, reporting from Amherstburg, Ontario, contributed to this story.




 Navarro warns Canada against election interference


Oliver Ward, Daniel Desrochers and Zi-Ann Lum
Tue, September 29, 2026


Navarro warns Canada against election interference


White House trade adviser Peter Navarro warned Canadians not to interfere in U.S. elections, a rhetorical escalation in the ongoing trade war between the two countries.

At an economic event hosted by a communications and policy firm in Washington on Tuesday morning, Navarro told any Canadians in the audience, "Please, if you're on K Street, get the hell out of our country."

"You've lobbied this country and you've been successful in the past and you think you can keep doing that," continued Navarro, who serves as senior counselor for trade and manufacturing in the White House. "Memo to Canada: You cannot do that."

He then warned that Ottawa could face repercussions if Canadians "interfere" in the November elections in the U.S. — specifically singling out Maine and Michigan, both of which have hotly contested Senate and governors races and have been deeply affected by the intensifying trade war President Donald Trump launched against Canada in August.


The comments come the same day Trump's import bans on about $1 billion worth of Canadian exports took effect and on the back of double-digit tariff hikes from both governments after trade talks fell apart last month.

Navarro declined to answer a question from POLITICO on his comment following the event.

Ottawa's "dollar-to-dollar" retaliation for Trump's August tariff increase, which went into effect on Sept. 8, disproportionately hit goods from Michigan, Maine and other U.S. states with competitive elections this fall. When imposing the duties, Canadian Industry Minister Mélanie Joly said they were a "wise and strategic" move to put political pressure on some U.S. elections by targeting specific products. "We think it's the right thing to do right now," she said.

Ontario Premier Doug Ford also ran television ads last year in the U.S. criticizing Trump's tariffs. The nationally televised ad aired during the 2025 World Series between the Toronto Blue Jays and Los Angeles Dodgers and featured former President Ronald Reagan warning of the hurt that tariffs cause the U.S. economy.

The Canadian government did not immediately respond to a request for comment.

In Maine, Sen. Susan Collins is trying to fend off a challenge from Democrat Troy Jackson, a former state senator, while Republicans and Democrats are in a neck-and-neck race for the Michigan Senate seat left open by the retiring Democrat Gary Peters. The contests could determine which party controls the Senate in 2027. Both states also have tightly contested House and governors races.

Collins has been openly critical of Trump's tariffs on Canada, saying they will hurt the state's economy and is lobbying the administration to secure tariff relief for specific products. In Michigan, Republican nominee Mike Rogers has hewed closer to the party line, backing Trump's attempts to negotiate with Ottawa, even as the business community in the state has formed an advocacy group to push back against the tariffs.

Michigan's economy is heavily reliant on trade with Canada, especially its auto sector, which is highly integrated across North America. Maine and Canada's agricultural industries — like forestry products — are also heavily linked, as products cross the border between harvest and processing.

Navarro's invocation of election interference ties the trade war to one of Trump's top policy priorities: election security. For months, he's hammered Congress to pass the SAVE America Act, which purports to secure U.S. elections, despite a lack of Republican support for the legislation in the Senate.

Sen. Ron Wyden, an Oregon Democrat and the ranking member of the Finance Committee, said Navarro's comments were part of a "pattern of insults without facts."

"Trump between now and Election Day, he'll be using this for practically everything. If anybody has a sore on their knee, he's going to say it's election interference," Wyden said in an interview at the Capitol.

Navarro is one of the few figures that has remained in Trump's White House across the two administrations, serving as director of the National Trade Council and helming the Office of Trade and Manufacturing Policy in Trump's first term, during which he was also among the administration's most vocal critics of Canadian trade practices.

In 2018, he responded to then-Prime Minister Justin Trudeau's pushback on U.S. steel and aluminum tariffs with remarks he eventually walked back.

"There's a special place in hell for any foreign leader that engages in bad-faith diplomacy with President Donald J. Trump and then tries to stab him in the back on the way out the door," he told "Fox News Sunday" in June 2018.

The trade adviser apologized two days later. "My mission was to send a strong signal of strength," he said. "The problem is that in conveying that message I used language that was inappropriate."





















 Trump says Canada is ‘one of the worst countries in the entire world’


Tara Suter
Tue, September 29, 2026 





President Trump said Monday that Canada is "one of the worst countries in the entire world" in the wake of heightened tensions between Washington and its historically friendly northern neighbor.

"The problem is that they've treated the United States very unfairly. They have been one of the worst countries in the entire world. You know, we get along with China, we get along with people and we make good deals," the president said in the Oval Office.

"But Canada has been really very difficult to deal with, actually. They've charged our farmers 400 percent tariffs and more. And they take advantage of us," he added.

On Tuesday, Trump's ban on close to $1 billion in Canadian goods went into effect, another strike in a trade war between Washington and Ottawa. It covers Canadian dairy products, motor vehicles and numerous alcoholic beverages.

While signing the executive orders to ban the goods, Trump cited "discrimination" against American equivalents.

There has been an atypical animosity between the U.S. and Canada throughout Trump's second term, not just over trade, but also over the president's push to acquire the U.S.'s northern neighbor. The relationship reached a breaking point after trade negotiations between Washington and Ottawa fell apart in August, and the two countries slapped tariffs on each other's goods.

Earlier this month, Carney said his country had an overreliance on "easy" economic links to the U.S.

"The past 40 years has been a period of deeper economic integration with the United States. Truth is, it was easy business, but it meant we relied too much on one economic partner. It's clear that time is over," Carney said in a video posted to YouTube in early September.

Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


 Mark Carney's stand against Trump leads to Nobel Peace Prize and Time Person of the Year buzz


ROB GILLIES
Tue, September 29, 2026 
AP


Prime Minister Mark Carney speaks after LNG Canada said it will go ahead with the Phase 2 expansion project at its LNG terminal in Kitimat, B.C., during an announcement in Vancouver, on Tuesday, Sept. 29, 2026. (Darryl Dyck/The Canadian Press via AP) (DARRYL DYCK/The Canadian Press via AP)


TORONTO (AP) — Mark Carney built a global profile in 2026 by standing up to U.S. President Donald Trump. If some prediction-market traders and prominent admirers are right, the Canadian prime minister could end the year with the Nobel Peace Prize and Time magazine's Person of the Year.

Carney briefly became the favorite Monday for the 2026 Nobel Peace Prize on Kalshi, a U.S.-based prediction market, when traders on the exchange put his chances at 14%. His odds later fell, illustrating the highly speculative nature of the wagering.

There is no public evidence Carney is on the Nobel Committee's secret shortlist for the prize that will be announced Oct. 9 in Oslo, Norway.

But the buzz about the Canadian leader possibly winning the esteemed peace prize reflects the message that has raised his profile: Middle powers should band together to defend sovereignty as great powers increasingly use economic and military leverage.

Whether that position resonates with the Nobel Committee is impossible to know. One thing is certain, though: the Nobel and Time's annual award happen to be two honors Trump covets.
Trump believes he deserves Nobel honor

Carney and Trump are locked in an escalating trade war, with 50% U.S. tariffs on billions of dollars of Canadian goods and Canadian retaliation. Trump also has told Canadian leaders to "fall in line" or face consequences "far WORSE" than existing tariffs.

Trump, who has twice been Time's Person of the Year, has repeatedly complained about not receiving the Nobel, saying in July that he "should have won that award more than anybody."

"President Trump would be furious, of course," said Daniel Béland, a political science professor at McGill University in Montreal. "If this ever happens, I would love to be a fly on the wall of the Oval Office to see the president's face when he learns about it."

Trump already possesses a Nobel medal, just not one awarded to him.

Venezuelan opposition leader María Corina Machado, the 2025 Nobel laureate, presented Trump with her medal at the White House in January. Trump accepted it, while the Nobel Committee stressed the prize itself remains hers.

"Trump will be unhappy whoever gets the Nobel," said Nelson Wiseman, professor emeritus at the University of Toronto. "If Carney got it, it would make relations with Canada rockier than they are."

Carney has strong case for Time award

Time already named Carney one of its 100 most influential people of 2026 and specifically noted his popularity increased as he stood up to Trump.

On Tuesday, Carney was the second choice on major prediction markets for Time's Person of the Year, behind New York Mayor Zohran Mamdani. The winner will be announced Dec. 10.

Time has described Trump's cumulative impact as helping create a "new global order" increasingly shaped "not by systems or institutions, but by the will of a single man." Carney's answer has been to urge middle powers to band together rather than bend one by one.

New York University professor Scott Galloway said Carney has it in the bag and called him "the leader that Europe's been looking for for the last 20 years."

"I believe, hands down, Time's Person of the Year has already been decided and it's going to be Mark Carney," Galloway said.

On Galloway's podcast, journalist Fareed Zakaria said Carney is winning admiration abroad and has given countries facing a less predictable United States "a kind of language and a path" to build new alliances rather than simply bend to Washington.
Carney moving to front of a new global order

Carney's standing abroad took off in January at the World Economic Forum in Davos, Switzerland, where he declared the old international order was not coming back and urged middle powers to work together rather than wait for its restoration. His speech came as European leaders were confronting Trump's push to acquire Greenland and tariff threats.

"We are in the midst of a rupture, not a transition," Carney said in his speech, which received a standing ovation.

Carney has since tried to put the argument for a new global order into practice, pushing Canada closer to Europe and seeking new partners in Asia as Trump's tariffs fractured the old Canada-U.S. relationship.

European lawmakers gave Carney another standing ovation this month as European Commission President Ursula von der Leyen proposed opening the door for Canada to become the European Union's first associate member.

"Carney's international profile has been driven by his standing up to Trump, unlike the Europeans and Asians who rushed to make deals with him," Wiseman said. "Trump's pressure on Canada has helped elevate Carney in the eyes of the world."

Carney accuses US steelmaker of betraying Canadian workers after layoffs tied to Trump tariffs

ROB GILLIES
Updated Tue, September 29, 2026
AP


Canadian Prime Minister Mark Carney speaks after LNG Canada said it will go ahead with the Phase 2 expansion project at its LNG terminal in Kitimat, British Columbia, during an announcement in Vancouver, Tuesday, Sept. 29, 2026. (Darryl Dyck/The Canadian Press via AP) (Darryl Dyck/The Canadian Press via AP)


TORONTO (AP) — Canadian Prime Minister Mark Carney accused the U.S. owner of steelmaker Stelco, a subsidiary of Cleveland-Cliffs, of betraying Canadian workers Tuesday after it announced layoffs it attributed in part to U.S. President Donald Trump's tariffs — tariffs Cleveland-Cliffs' chief executive has publicly championed.

Carney singled out Cleveland-Cliffs CEO Lourenco Goncalves, noting that he had applauded Trump's steel tariffs. Goncalves has called the 50% tariffs "a necessary step" to protect U.S. steelmakers.

"Our thoughts are with the workers and the families who have been betrayed by the company," Carney said.

Carney also threatened legal action against Cleveland-Cliffs, saying the Ohio-based company has binding employment obligations stemming from its C$3.4 billion ($2.4 billion) takeover of Stelco in 2024.

Stelco said up to 500 workers could be affected as it indefinitely idles cold-rolled and coated operations at its Hamilton, Ontario, plant and shifts production to its Lake Erie facility in Nanticoke, Ontario.

Cleveland-Cliffs said Monday the move does not shift steel production out of Canada: Output will be concentrated at Stelco's Lake Erie Works in Nanticoke, Ontario, where it expects a significant number of affected Hamilton workers to be absorbed, with overall steel tonnage unchanged.

In a memo to employees, Stelco said U.S. tariffs had "significantly shrunk the market" for its cold-rolled and galvanized products. The company said demand in markets it traditionally serves fell almost 25% in the second quarter compared to the 2024 quarterly average, including a 10% decline in Canada.

The layoffs come amid an escalating Canada-U.S. trade war in which Trump has imposed 50% tariffs on Canadian steel and other goods and Canada has retaliated with tariffs of its own. At a White House event Monday announcing a new $15 billion steel plant in Iowa, Trump credited his tariffs with reducing foreign steel imports and attracting investment to the United States, saying companies were building plants there "because they don't want to pay tariffs."

Carney said the federal government had offered financial assistance to preserve jobs but did not disclose the amount or terms.

"There's money on the table from the federal government," Carney said. "The company made representations and has legal obligations for employment. We intend to use all powers that we have and pursue them to the fullest extent of the law."

The Canadian government approved Cleveland-Cliffs' takeover of Stelco in October 2024 on the condition that it meet legally binding five-year employment commitments, including maintaining at least the same number of unionized workers and the vast majority of nonunion employees.

Cleveland-Cliffs did not immediately respond to a request for comment on Carney's remarks.

A $15 Billion Iowa Steel Mill Is Coming. What It Means for Nucor and Cleveland-Cliffs

Omor Ibne Ehsan
Tue, September 29, 2026 

Key takeaways

The White House announced the construction of a $15 billion steel mill in Iowa by Mesabi Metallics, which will start production at 7.5 million tons a year and rise to about 10 million tons by 2030.


Quick Read

The $15B Iowa mill mirrors NUE's electric arc furnace model, pressuring CLF's higher-cost integrated operations when first steel arrives in 2030.


CLF dropped nearly 8% after Stelco indefinitely idled Canadian operations, showing how tariffs that prop up U.S. prices simultaneously shrank Cliffs abroad.



On Monday, September 28, 2026, The White House announced that Mesabi Metallics will build a $15 billion steel mill in Iowa, starting at 7.5 million tons a year and rising to about 10 million tons. Mesabi is privately held and foreign-owned, so you cannot buy shares in it.


andresr / Getty Images

For Nucor (NYSE:NUE) and Cleveland-Cliffs (NYSE:CLF), the plant pressures price. First steel is expected in 2030, making this a valuation question today and an earnings question later, according to Mining.com.
Iowa Will Use the Electric Furnace Route Nucor Already Runs

The mill will convert iron ore into direct reduced iron and melt it in electric arc furnaces. Nucor already runs electric arc furnaces, while Cleveland-Cliffs operates traditional integrated operations that management describes as "miners, pellet producers, iron makers, steel makers, and downstream manufacturers."

The planned output is at about one-tenth of last year's U.S. steel production. The Export-Import Bank of the United States announced a $770 million direct loan for the associated Minnesota iron ore mine, and administration officials tied the project to steel tariffs.

Cleveland-Cliffs already dropped 7.84% on September 28 after its Canadian unit, Stelco, reported plans to indefinitely idle cold-rolled and coated operations at Hamilton Works, affecting about 350 jobs. Stelco blamed the 50% U.S. tariff on Canadian steel.

Tariffs cut both ways. The regime propping up U.S. prices shrank Cliffs in Canada. Nucor fell 1.1% that day, a decline likely tied to the Iowa project.

Nucor Stays Profitable While Cliffs Is Still Rebuilding

Nucor reported second-quarter adjusted EPS of $4.84 on $10.4 billion in sales. Its weak spot is expectations: on September 17, Nucor guided third-quarter EPS to $5.55 to $5.65, missing the $6.20 consensus, and shares fell about 5.8% the next day.


NUE Earnings Explorer — 24/7 Wall St.

Cleveland-Cliffs lost $0.25 a share in the second quarter after a full-year 2025 loss of $1.4 billion. Cleveland-Cliffs guided third-quarter adjusted EBITDA to about $575 million from $286 million, suggesting a floor is forming, although $7.7 billion of long-term debt leaves little room for a price war when the first-steel date arrives around 2030.


CLF Earnings Explorer — 24/7 Wall St.



Lens

Nucor

Cleveland-Cliffs

Steelmaking process

Electric arc furnaces

Integrated blast furnaces


Q2 per-share result

$4.84 adjusted EPS, according to Nucor

$0.25 loss


Year-to-date stock move

50.77%

-15.51%


Nucor screens better than Cleveland-Cliffs on this setup: Iowa mirrors Nucor's electric-furnace model, while integrated producers carry higher fixed costs. Nucor has gained 50.77% this year yet trades near 11 times forward earnings, with $244.52 under the average analyst target of $283.63.



NUE Price Target — 24/7 Wall St.

Cliffs, at $11.23 and down 43.67% over five years, needs contract resets and debt paydown before Iowa's output arrives. If management hits its leverage target of under 2.5x debt to EBITDA by mid-2027, or Nucor misses guidance, reconsider the ranking. I'd tag NUE stock a buy, and I'd avoid CLF stock for now.


CLF Price Target — 24/7 Wall St.