The World This Hour - The World This Hour for 2025/08/27 at 03:00 EDT

Episode Date: August 27, 2025

The World This Hour for 2025/08/27 at 03:00 EDT

We are gathered here today to celebrate life's big milestones. Do you promise to stand together through home purchases, auto-upgrades, and surprise dents and dings? We do. To embrace life's big moments for any adorable co-drivers down the road. We do. Then with the caring support of Desjardin insurance, I pronounce you covered for home, auto, and flexible life insurance. For life's big milestones, get insurance that's really big on care at Dejardin.com slash care. From CBC News, the world this hour, I'm Neil Hurland.

Starting today, the United States will charge an additional 25% tariff on goods from India in response to India's continued purchase of Russian oil. The extra tariff means some Indian goods will now face a 50% tariff. Salima Shivji reports. The machines polishing and cutting gems in India's diamond hub in the western state of Gujarat are still running, but much more slowly, with the tariff on India's exports to the United States now doubled to 50%. 25% also was very difficult to digest. 50% to entire industries in trauma.

A disaster scenario says Kirith Banzali, who heads India's gem and diamond industry's export promotion council. The extra tariff is punishment, U.S. President Donald Trump says, because India buys Russian oil. It's cast to chill over U.S.-India relations, plunging not just India's diamond industry, but also shrimp exporters, clothing manufacturers, and carpet makers into a panic. Mr. Trump, of course, wants a win,

and everyone else seems to be giving him a win. And so trade talks to alleviate the new import duties are not in good shape, leaving many working in the factories affected, worried about what's next. Salima Shivji, CBC News, Vancouver. Canadian officials say they had a constructive meeting yesterday with U.S. Commerce Secretary Howard Lutnik and that the two sides could meet again later this week. Canada is trying to lower the tariffs imposed by the Trump administration.

Nathan Cooper is the Alberta government senior trade rep in Washington. U.S. tariffs on Canadian goods hurt Americans and American businesses. And the reverse is also true. We need to see a strong, fair deal for all Albertans and all Canadians. Prime Minister Mark Carney announced last Friday that Canada will drop some retaliatory tariffs on U.S. products. Bloomberg News is reporting that the U.S. Senate Banking Committee will hold a hearing next week to consider President Donald Trump's new nominee to sit on the U.S. Federal Reserve Board. On Monday, Trump said he's firing Lisa Cook for allegedly committing mortgage fraud.

Cook says she won't leave her post at the central bank and is threatening to sue. Patrick Kennedy is a Wall Street answer. Wall Street is concerned about the decision to fire Lisa Cook, mainly because we haven't seen this level of government involvement within Fed decision making in a very long time, if ever. President Trump has criticized the U.S. Fed for not lowering interest rates as fast as he would like. The Fed has traditionally operated independently from the White House. It's the final day of Prime Minister Mark Carney's trip to Europe. Today he's meeting with Canadian service members at a military base in Riga, Latvia, before returning to Ottawa

before suppertime. The Manitoba Progressive Conservative Party won a provincial by-election last night. Colleen Robbins will be the next member of the Manitoba legislature from Spruce Woods. She won by 70 votes in a campaign that saw the NDP gain support in a rural riding. Karen Paul's reports. It was a seesaw evening. The PC and NDP. candidate swapping leads, but in the end, nurse and PC party official Colleen Robbins edged past NDP former real estate agent Ray Bertholette by 70 votes. To those that did not support me, I want you to know that my door is open to you all.

It was a test for new PC leader Obie Kahn, and he was elated. A win is a win, baby! In his concession speech, Bertha Lett said he was thrilled with the support. And we came so close. 70 votes is just amazing. Manitoba Premier Wab Knew made a lot of funding announcements in the riding before the election blackout period. We're going to make good on them and we're going to keep true to our word.

And so the idea of an urban, rural divide, not anymore. Karen Paul's CBC News, Winnipeg. And that is your world this hour. I'm Neil Hurland.