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Economy · Impact 2 Notable

UK steelmakers' electricity cost gap with EU rivals hits three-year high

· ≈ London, United Kingdom · single source so far

The premium paid by British steelmakers over French counterparts has risen to almost £30 a megawatt hour, according to UK Steel. The report links it to a surge in global gas prices after the US-Israeli war on Iran.

Location
≈ London, United Kingdom · United Kingdom live map
Coordinates
≈ 51.51°N 0.13°W
Reported
18 Oct 2026, 23:01 UTC
Category
Economy
Impact
2 of 5 · Notable
Situation
Global trade
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Global trade right now

■ Steady

Trump walks back Bombardier ban threat as Canada trade talks stall

On Wednesday, reports said Trump had walked back a threat to ban Bombardier plane sales in the United States, following a tariff increase last month that escalated the trade war. On Tuesday, a new lawsuit argued the White House exceeded its authority in imposing the latest tariffs on Canada. Sources told CBC News that hope of a Canada-U.S. trade deal before the American midterm elections has faded, leaving the trade war set to continue for the foreseeable future.

  • Trump backed down from a threat to ban Bombardier sales in the US.
  • A lawsuit says the latest Canada tariffs exceeded White House authority and caused immediate harm to American businesses.
  • CBC News sources say no Canada-U.S. deal is expected before the midterms.
  • US Secretary of State Rubio visited India on Tuesday to meet business figures while Washington seeks a trade deal.
Updated 22 Oct 2026, 17:39 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

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