The World This Hour - The World This Hour for 2025/08/02 at 15:00 EDT

Episode Date: August 2, 2025

The World This Hour for 2025/08/02 at 15:00 EDT

Alright, look, I am not gonna lie to you, I love when an album drops and it just, I know it's gonna define my entire summer. And that is how I'm feeling about this new Lord album. My name is Alameen Abdul Mahmood, I host a show called Komotion, and that is where we talk about the biggest stories in entertainment and pop culture, like this new Lord album, or the Hayyam album, or whatever great new music is defining our soundtrack for the summer. Come hang with us. Follow Komotion wherever you get your podcast.

From CBC News, the world this hour. I'm Peter Dock. After more than a year and a half of talks, the Canadian Union of Postal Workers has rejected what Canada Post calls its final offer. The union wants to resume bargaining, but Canada Post says it's still considering its next steps. Meanwhile, small businesses say they cannot afford another mail strike. CBC's Sarah Law reports.

The country's largest association of small and medium-sized businesses is calling on Ottawa to extend the current collective bargaining agreement. Because if there's another postal strike, it says two out of every three businesses may decide to walk away from Canada Post forever. Marvin Rider is an associate professor at McMaster's DeGroote School of Business. He says that while Canada Post could issue a lockout, it may not be in its favour. It would upset a lot of Canadians at a time, given Donald Trump, what have you, that they're already feeling upset.

Ryder predicts both sides will seek binding arbitration, where a neutral third party would choose between each party's last best offer. If that happens, he says a deal may be reached in the next few weeks. In the meantime, with a drastic decline in letter mail and red ink rising fast, he says the Crown Corporation must do things differently. Sarah Law, CBC News, Thunder Bay, Ontario. Now that American President Donald Trump has made good on his threat to hike tariffs on some Canadian exports, attention turns to Ottawa and what the federal government will

do next. CBC reporter Mike Crawley looks at the possibilities. While US President Donald Trump put lower tariffs than he'd threatened on dozens of countries and gave Mexico a three-month reprieve, he slapped Canada with a tariff increase. Clearly not a win for Ottawa, but how large of a loss is it really? John Manley is a former deputy prime minister, now chair of an investment banking firm. You know, the 93% of Canadian goods that cross the border currently tariff-free under USMCA, that's what we really need to protect. Trade policy expert Inu Manak with the Council on Foreign Relations, a think tank in Washington,

believes what's really driving Trump's tariffs is getting leverage. I do think a lot of this has to do with some sort of renegotiation of parts of the KUSMA deal that the Trump administration is not happy with. And Manic says Canada's tactics so far are just fine. There's no really good way to go about doing this and no matter what, everyone seems to be getting hit with tariffs. Mike Crawley, CBC News, Washington. Next, we travel around the world to Seoul.

Send them home! Send them home! Protesters gather to denounce the American trade war. Donald Trump imposed a 15% tariff on goods imported from South Korea. That is down from an earlier threat of 25%, but it will still hurt the country's economy. In its deal with Trump, South Korea agreed to invest 350 billion dollars in American projects and bought 100 billion dollars in American energy. The South Korean government said it would

end months of uncertainty. And in sports, Canadian summer Macintosh was swimming for a fourth consecutive gold medal at the World Aquatics Championships in Singapore this morning. Unbeaten Elizabeth and she's going to remain unbeaten because Katie Ledecky has sprinted clear. What an effort responding to the challenge and Ledecky wins the gold again. Yes it was the American Katie Ledecky the current world record holder who won the women's 800 meter freestyle Australian Lanny Palaster took silver and the 18 year old Macintosh from Canada took bronze. I was not the race I wanted, it was personally my time, how I executed anything but it is

a new event for me. I gave it 10% more focus than I have in the past. So it's just the beginning and I know I have lots of time in my career to do better at it. McIntosh will try again for her fourth gold tomorrow when she competes in the 400-metre individual medley. And that is your World This Hour. For news anytime, you can visit our website at cbcnews.ca. For CBC News, I'm Peter Dock.