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Trump walks back threat against Canadian jet maker Bombardier ‘We’ve given tremendous amounts to Ukraine, got nothing back,’ says Trump on Russia ceasefire

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InternationalPublished: October 23, 2026 at 5:51p.m. EDTThe Deepwater Horizon oil rig burns in the Gulf of Mexico on April 21, 2010. (Gerald Herbert / AP Photo) BP announced a deal on Friday that provides Louisiana an accelerated, lump-sum US$350 million payment to resolve claims over the 2010 Deepwater Horizon oil spill and that also settles long-running coastal damage litigation by local parishes. BP agreed in 2015 to pay up to US$18.7 billion to the federal government and five states to resolve claims arising out of the oil spill. That money includes US$4.9 billion payable over 18 years to settle economic and other claims by the states. While Louisiana had been owed US$373 million over the next seven years, the state will now receive a single US$350 million payment. BP said remaining coastal zone lawsuits by Louisiana parishes will be resolved. It did not provide further details. “We have now disposed of claims and settled with all but one of the major defendants in these coastal cases,” Louisiana Gov. Jeff Landry, a Republican, said in a statement distributed by BP.(Reporting by Ankita Bora in Bengaluru and Nate Raymond in Boston; Editing by Joyjeet Das)

Published: October 23, 2026 at 5:34p.m. EDTIndustry Minister Mélanie Joly says new federal investments announced Friday are a first step toward reducing the Canadian aluminum sector’s dependence on the United States. Joly, who is also the minister responsible for economic development in Quebec, made the comments in La Baie, Que., where she announced more than $193 million in federal funding for projects at four Rio Tinto facilities in the Saguenay-Lac-Saint-Jean region and at the Alouette aluminum smelter in Sept-Îles, Que. “The aluminum industry is much more than an economic driver. It is also a strategic industry for our country and for Canadian sovereignty,” the minister said in her speech. Citing the economic upheaval caused by tariffs and the unpredictability of the American government, Joly said that “in this new context, we must be able to produce more of what our economy needs right here in Canada.”She also said the funding is a first step toward strengthening the Canadian aluminum supply chain. Aluminum Shadows of workers is reflected on rolls of coated steal during an announcement by Chrystia Freeland in Hamilton. Friday, June 29, 2018.

The White House has made another wide-ranging shuffle to its tariff regime on Canadian goods. Among those products: Seaweed, packing boxes and some plywood sheets are out. Cocoa power, vinyl flooring and shampoos are in. A full list of goods now facing 50 per cent tariffs is available here. The changes will take effect at the end of the month. Earlier on Friday, Republican Maine Sen. Susan Collins said she has secured tariff exemptions on a variety of Canadian products to bolster domestic agriculture. “I am pleased to have secured additional tariff exemptions (for) products crucial to Maine’s agricultural industries, including blueberry, potato, apple, and seaweed producers,” she wrote on X Friday. “Many of our farmers and growers rely on specialized equipment, packaging materials, and other products from Canada that are either unavailable from American suppliers or cannot be replaced without incurring significant expense.”Collins requested tariff relief during discussions with U. S. Trade Rep. Jamieson Greer, Treasury Secretary Howard Lutnick – both of whom have been involved in negotiations with Canada – and senior Trump administration officials, she said.