White smoke rose from the Sistine Chapel chimney at 6:07 p.m. Roman time on May 8, 2025, signaling the election of a new Pope by the College of Cardinals during their fourth vote on the second day of conclave. The crowd in St. Peter’s Square, including international flags, celebrated the moment, awaiting the announcement of the new Pope’s name, which will be declared by a cardinal with the phrase “Habemus Papam!” The new Pope will soon appear on the St. Peter’s Basilica balcony to address the faithful and impart a blessing.
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Trump could crush Canada's softwood exports. Here's how a new crisis could play out
Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...
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