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Biden will call for suspending normal trade relations with Russia.

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Biden will call for suspending normal trade relations with Russia.

President Biden will announce on Friday that the US will be a part of the G7 and the European Union in calling for the suspension of regular commerce relations with Russia, in response to an individual acquainted with the announcement, a change that may elevate tariffs for a lot of Russian merchandise.

Every nation will implement the suspension primarily based by itself nationwide processes, stated the particular person, who was not approved to talk publicly about it. Mr. Biden will work with Congress on laws that may droop regular commerce relations between the US and Russia, the particular person stated.

The transfer would add to an enormous array of sanctions the US and its allies have imposed to penalize Russia over its invasion of Ukraine.

Efforts to overview or revoke regular commerce relations have already been stirring in Congress. Earlier this week, a bipartisan group of lawmakers proposed laws that may ban imports of Russian power into the US and droop regular commerce relations with Russia. On Wednesday evening, the Home permitted a invoice that may ban Russian oil and fuel imports and overview Moscow’s membership within the World Commerce Group, however wouldn’t revoke Russia’s most well-liked commerce standing.

Below the foundations of the World Commerce Group, all members grant one another “most favored nation” buying and selling standing, which the US additionally calls “everlasting regular commerce relations,” through which items can move at decrease tariff charges between nations. If the US suspends that buying and selling standing — because it has completed for some nations up to now — the tariffs charged on Russian merchandise would revert to charges set by the 1930 Smoot-Hawley Tariff Act.

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However commerce specialists have stated the impact of such a measure would seemingly be small, due to the restricted commerce between the nations. Russia was the twentieth largest provider of products for the US in 2019, sending primarily oil and fuel, metals and chemical substances.

The Biden administration had already introduced this week that it will ban imports of Russian oil, fuel and coal.

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China Box Office: ‘Octopus With Broken Arms’ Leads Quiet Start to 2025

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China Box Office: ‘Octopus With Broken Arms’ Leads Quiet Start to 2025

The Chinese box office opened 2025 with “Octopus with Broken Arms” leading the first weekend, earning $16.1 million (RMB117.5 million), according to data provided by consultancy firm Artisan Gateway.

The As One Production release climbed from its second-place debut last week to take the top spot. Directed by Jacky Gan, the crime thriller follows Zheng Bingrui (Xiao Yang), a wealthy businessman whose daughter is kidnapped during a holiday celebration. The film’s cumulative total now stands at $74.7 million.

Last week’s leader, Gengxi Pictures’ “Big World,” slipped to second place, adding $11.4 million in its second weekend. Directed by Yang Lina, the drama stars Jackson Yee as a young man with cerebral palsy preparing for college exams while assisting his grandmother (Diana Lin) with a stage play. The film’s cumulative total has now reached $77.8 million.

Newcomer “Honey Money Phony,” released by Maoyan Pictures on Dec. 31, debuted in third place with $7.5 million. Directed by Su Biao, the comedy follows Lin Qinglang (Jin Chen), a working woman who unexpectedly finds herself deeply in debt after a sweet promise turns sour. Her journey intertwines with Ouyang Hui (Sunny Sun), a scammer whose involvement brings unexpected changes to both their lives.

“Hot Pot Artist,” released by Chengdu Film Group on Jan. 3, entered the chart in fourth place with $1.8 million. Directed by Cui Zhijia, who also stars as Li Ruyi, the film tells the story of a young man from Northeast China pursuing his dream of becoming a director. When his career doesn’t go as planned, he returns home to inherit his father-in-law’s hot pot restaurant, leading to unexpected challenges and personal growth.

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In fifth place, “Detective Conan: Crossroad in the Ancient Capital” – originally released in Japan in 2003 – fell two spots from last week’s third position. The anime titled grossed $1.5 million over the weekend, bringing its cumulative earnings to $13.8 million. Directed by Kodama Kenji, the film follows Conan Edogawa and Heiji Hattori as they solve a mystery involving a stolen Healing Buddha statue.

Meanwhile, “Paddington in Peru” debuted in sixth place and has collected $3.9 million over five days of release, per data from Ent Group. In eighth place, “Mufasa: The Lion King” has a $14 million cume after 17 days in release, according to Ent Group.

The weekend’s total box office reached $44.3 million, down from the $68.3 million grossed during the final weekend of 2024. Despite the quieter start, the cumulative gross for 2025 stands at $95.9 million, up 5.9% compared to the same period last year.

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Canadian PM Justin Trudeau to announce resignation as early as Monday: report

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Canadian PM Justin Trudeau to announce resignation as early as Monday: report

Prime Minister Justin Trudeau is reportedly expected to resign from his position as early as Monday, according to Canadian media.

The news was first reported by the Globe and Mail on Sunday night, citing three sources. The outlet said that it is unclear when exactly the Liberal Party leader will step down, but a resignation is expected to come before a national caucus meeting on Wednesday.

The news comes as Trudeau’s popularity continues to dwindle in Canada, which has a national election planned for Oct. 20 of this year. The country continues to suffer from a housing crisis, a declining per-capita GDP and high inflation, among other issues.

According to Canadian pollster Angus Reid, Trudeau has a disapproval rate of around 68% as of Dec. 24, with a meager 28% of Canadians supporting him.

TRUMP SUGGESTS CANADA BECOME 51ST STATE AFTER TRUDEAU SAID TARIFF WOULD KILL ECONOMY: SOURCES

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Canada’s Prime Minister Justin Trudeau could announce his resignation as early as Monday, Canadian media reports. (DAVE CHAN/AFP via Getty Images)

The potential resignation would also come after Trudeau, who became prime minister in 2015, braved a difficult few months in politics. In September, he faced a no confidence vote in parliament that later failed, despite efforts from the Conservative Party to remove him from office.

On Dec. 16, Finance Minister Chrystia Freeland announced that she was stepping down from Trudeau’s cabinet, dealing a significant blow to the prime minister. In her resignation letter, she claimed that the only “honest and viable path” was to leave the Cabinet.

“For the past number of weeks, you and I have found ourselves at odds about the best path forward for Canada,” Freeland, who was previously seen as a Trudeau loyalist, wrote.

“Our country is facing a grave challenge,” the letter added. “That means keeping our fiscal powder dry today, so we have the reserves we may need for a coming tariff war.”

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Later in December, one of Trudeau’s key allies, New Democratic Party leader Jagmeet Singh, said that he planned to present a formal motion of no-confidence on Jan. 27.

CANADA’S TRUDEAU FACING REVOLT FROM WITHIN AS POPULAR CONSERVATIVE LEADER LOOKS TO CAPITALIZE

Justin Trudeau with his hand in the air

Canada’s Prime Minister Justin Trudeau has been facing dwindling popularity in his country. (DAVE CHAN/AFP via Getty Images)

“No matter who is leading the Liberal Party, this government’s time is up. We will put forward a clear motion of non-confidence in the next sitting of the House of Commons,” Singh said.

Trudeau’s personal choices have also invited backlash from his opponents. At the end of November, Trudeau faced international criticism after he was seen dancing at a Taylor Swift concert in Toronto while a destructive riot took place in his home city of Montreal.

Don Stewart, a Member of Parliament (MP) representing part of Toronto, called out the prime minister in a post on X.

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“Lawless protesters run roughshod over Montreal in violent protest. The Prime Minister dances,” the Canadian politician wrote. “This is the Canada built by the Liberal government.”

“Bring back law and order, safe streets and communities in the Canada we once knew and loved,” Stewart added. Trudeau later denounced the lawlessness, calling the riot “appalling.”

Justin Trudeau at a meeting

Canada’s Prime Minister Justin Trudeau will step down, according to the Globe and Mail. (DAVE CHAN/AFP via Getty Images)

Fox News Digital has reached out to Trudeau’s office for comment.

Fox News’ Chris Massaro, The Associated Press and Reuters contributed to this report.

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The Take: What lies ahead for world politics in 2025?

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The Take: What lies ahead for world politics in 2025?

Podcast,

Al Jazeera’s correspondents look ahead to global politics in 2025.

As 2025 unfolds, the world faces significant shifts. From climate crises in West Africa to continuing wars in Gaza and Sudan, Al Jazeera correspondents share their insights on the key events and challenges shaping the year ahead.

In this episode: 

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  • Kimberly Halkett (@KimberlyHalkett), Al Jazeera White House correspondent
  • Dorsa Jabbari (@DorsaJabbari), Al Jazeera correspondent
  • John Holman (@Johnholman100), Al Jazeera Mexico and Latin America correspondent
  • Nicolas Haque (@NicolasHaque), Al Jazeera correspondent
  • Tony Cheng (@tlcbkk), Al Jazeera Asia correspondent
  • Maram Humaid (@maramgaza), Al Jazeera digital correspondent

Episode credits:

This episode was produced by Ashish Malhotra and Chloe K Li with Phillip Lanos, Spencer Cline and Malika Bilal. 

The Take production team is Marcos Bartolome, Sonia Bhagat, Spencer Cline, Sari el-Khalili, Tamara Khandaker, Phillip Lanos, Chloe K Li, Ashish Malhotra, Khaled Soltan, and Amy Walters. Our editorial intern is Hagir Saleh and the host is Malika Bilal. Our engagement producers are Adam Abou-Gad and Vienna Maglio. Aya Elmileik is the lead of audience engagement.

Our sound designer is Alex Roldan and Hisham Abu Salah and Mohannad al-Melhem are our video editors. Alexandra Locke is The Take’s executive producer. Ney Alvarez is Al Jazeera’s head of audio. We’ll be back tomorrow.

Connect with us:

@AJEPodcasts on Twitter, Instagram, Facebook, Threads and YouTube

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