Bloomberg News Now October 25, 2025: Trump Raises Canada Tariff by 10%, Hurricane Melissa Rapidly Intensifying, More
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Oct 26, 2025 President Trump stirs the pot by increasing tariffs on Canada, a move sparked by a controversial ad campaign. Meanwhile, Hurricane Melissa is rapidly intensifying, threatening Jamaica with potentially catastrophic conditions. Discussion about Trump's negotiations with China over oil and fentanyl issues takes center stage. Also, a mysterious $130 million donation to the Pentagon raises eyebrows, while new DHS proposals could change immigrant photo requirements. Plus, Kamala Harris hints at a possible run for the presidency in 2028.
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Tariff Hike Escalates US-Canada Trade Tension
- President Trump raised U.S. tariffs on Canada by 10% after an Ontario ad triggered tensions in bilateral trade relations.
- The move suspended trade talks and escalated a major economic relationship between two close allies.
Melissa Rapidly Intensifies Toward Jamaica
- Hurricane Melissa is rapidly intensifying and could reach Category 5 strength near Jamaica within two days.
- Forecasters expect catastrophic winds and flooding with likely landfall as a Category 4 system early Tuesday.
High Stakes Ahead For Trump-Xi Meetings
- President Trump said he may raise Chinese purchases of Russian oil with Xi during upcoming talks amid sanctions and geopolitical strain.
- The trip centers on trade, fentanyl, and tensions that raise stakes for U.S.-China negotiations.