The World This Hour - The World This Hour for 2025/08/08 at 01:00 EDT

Episode Date: August 8, 2025

The World This Hour for 2025/08/08 at 01:00 EDT

Art has power to inspire us, to unite us, to give us solace and courage when we need it most, to create important stories, lasting memories, a sense of belonging. Your National Art Center serves as a catalyst and communities across Canada, empowering artists, inspiring audiences, and bringing us closer together. Learn more at nac.c.c.c.a slash create in Canada. from cbc news the world is sour i'm neil kumar just days after canada was hit with another wave of donald trump's tariffs the u.s has now slapped extra duties on some 90 other countries anywhere from 10 to 50 percent and the u.s president says he's not done yet even though the tariffs are starting to hit his own

country's economy karen paul's reports u.s president donald trump and his economic advisors say already in effect, have raised billions. So last month it averaged just over 30 billion. Secretary of Commerce Howard Lutnik on Fox News. The tariffs went up. I think we're going to be heading towards 50 billion a month. But the uncertainty of the global trade war is also starting to rattle the U.S. economy. Job growth has slowed, inflation is rising. Things like appliances, electronics, furniture.

Ernie Tedeschi of the Budget Lab at Yale University. says the timing of those price increases points to tariffs. U.S. consumers are absorbing most of the cost of the tariffs. The remainder is probably almost all being shouldered by American businesses in the form of smaller margins, lower profits. Karen Paul's, CBC News, Washington. Russia has confirmed that a high-stakes meeting between Presidents Vladimir Putin and Donald Trump is being planned.

The breakthrough comes as Trump pushes to end the fighting Ukraine with an ultimatum for Russia entailing steep economic consequences. Chris Reyes reports. On the ground in Ukraine, little sign of Russian attacks easing. This week, Ukrainian officials reporting more deadly strikes in different parts of the country, among the dead, children. While in Moscow, President Vladimir Putin seemed to confirm that meeting with President Donald Trump.

Both sides showed their interests, Putin said, and hinted the U.S. UAE might host the meeting. On when, a Kremlin aid would only say approximately next week. President Trump has been just as vague. They would like to meet with me, and I'll do whatever I can to stop the killing. Seemingly left out of the Trump-Puton meet President Volodymyr Zelensky, who's been visiting troops and making public statements about his own meetings with Trump and other European leaders.

Meanwhile, Putin told reporters, he's not against meeting Zelensky, but added, It's far from happening. Chris Reyes, CBC News, London. Canadian tennis phenos, Victoria. Canadian tennis phenos, Victoria Mbocco, has won the National Bank Open. In a forced third set, the 18-year-old beat out Japan's Naomi Osaka. She has now taken the tennis world by storm, pulling off the wind, to become number one. Hamilton, Ontario is celebrating a homegrown basketball superstar.

Shea Gilgis Alexander led the Oklahoma City Thunder to this year's NBA championship, and now he's received a hero's welcome in his hometown. Philip Lee Shanock was there. Crowds packed Hamilton Stadium to see NBA superstar Shea Gilgis Alexander, or SGA, get the city's highest honor. Hamilton mayor, Andrew Horvath, presented him with the key to the city and officially declared August 7th, Shea Gilgis Alexander Day. The 26-year-old NBA All-Star was the first Canadian to be named Finals

MVP, leading the Oklahoma City Thunder to the league championships. Gilgis Alexander also claimed the league's scoring title and was the regular season MVP. The only other players who've done that in a single seasoner, Shaquille O'Neal, Kareem Abdul-Jabbar and Michael Jordan. He's only the second Canadian to be named League MVP, and he was the key to team Canada's bronze medal finish in the FIBA World Cup, Canada's first medal ever. Gilgis Alexander says the coaching and encouragement he got in Hamilton shaped who he is. Philip Lyshanock, CBC News, Hamilton, Ontario.

And that is your rule this hour. Remember, we can update you anytime, anywhere. We update every hour, seven days a week. For news anytime, visit our website, cBCNews.ca. For CBC News, I'm Neil Kumar. Thank you.