US 50% tariffs shut century-old paper mill in Témiscaming, Quebec

▲ Escalating

US 50% tariffs close Quebec paper mill as Canada and EU launch new partnership

A paper mill in Témiscaming, Quebec has closed indefinitely after the US imposed 50% tariffs on its products, leaving hundreds of workers out of work. On Thursday, Canadian Prime Minister Mark Carney and Commission President Ursula von der Leyen unveiled an "Alliance for the Future" partnership in Montreal, framed as a hedge against geopolitical unpredictability. A US food distributor facing a $40M tariff bill is suing the Trump administration, arguing the 50 per cent tariffs on Canadian goods are illegal.

• Carney told DW that Canada is overdependent on the US and wants closer EU ties. He favors the term "associate membership", despite German pushback, though a joint declaration said the associate membership proposal had been dropped.
• Seven tankers carrying an estimated 288,000 tonnes of Russian diesel are heading to the US as the first phase of a Trump-Putin supply deal, according to Greenpeace tracking. It is uncertain whether they can unload amid a row over the legality of the shipments.
• On Wednesday, EU gas prices topped €100/MWh for the first time since 2022, with EU storage 72% full. The EU says it is not worried about supplies.
• Canada signed a trade deal with the UAE on Wednesday and faces an EU carbon tariff threat within months, according to internal documents.