Parker High School faces Saraland High School in the 2024 AHSAA State Title Game on Friday, Dec. 6 at 7 p.m. CT. Here’s how you can watch the game on NFHS Network. Watch: Parker VS. Saraland LIVE STREAM How can I watch Parker vs. Saraland? Fans can subscribe to NFHS Sports Network , a nationwide streaming platform for more than 9,000 high school sports. You can find the list of available schools here. How much does an NFHS subscription cost? Is there a free trial to NFHS Network ? An annual subscription costs $79.99, or you can pay monthly for $11.99 per month. Can you watch NFHS on your phone or TV? NFHS Network is available on smart TVs like Apple TV, Roku, Amazon Fire and Google Chromecast, as well as on iOS and Android smartphones. Top 25 high school football rankings (MaxPreps) 1. Mater Dei (Santa Ana, California) 2. Milton (Milton, Georgia) 3. Duncanville (Duncanville, Texas) 4. Bishop Gorman (Las Vegas, Nevada) 5. Carrollton (Carrollton, Georgia) 6. North Shore (Houston, Texas) 7. St. John Bosco (Bellflower, California) 8. St. Frances Academy (Baltimore, Maryland) 9. North Crowley (Fort Worth, Texas) 10. Buford (Buford, Georgia) 11. Archbishop Spalding (Severn, Maryland) 12. Lakeland (Lakeland, Florida) 13. Orange Lutheran (Orange, California) 14. Chaminade-Madonna (Hollywood, Florida) 15. Centennial (Corona, California) 16. Corner Canyon (Draper, Utah) 17. Mission Viejo (Mission Viejo, California) 18. IMG Academy (Bradenton, Florida) 19. Venice (Venice, Florida) 20. Atascocita (Humble, Texas) 21. Bergen Catholic (Oradell, New Jersey) 22. De La Salle (Concord, California) 23. DeMatha (Hyattsville, Maryland) RECOMMENDED • nj .com Buford vs. Carrollton LIVE STREAM (12/6/24) | How to watch Georgia state playoffs game Dec. 6, 2024, 6:00 p.m. How to watch the Milton vs. Lee County game today (12/6/24) | LIVE STREAM for Georgia state playoffs game Dec. 6, 2024, 6:00 p.m. 24. DeSoto (DeSoto, Texas) 25. Lee County (Leesburg) Thank you for relying on us to provide the journalism you can trust.SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited IREN (ACN 629 842 799) ("IREN") today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Key details of the transaction Oversubscribed and upsized from $300 million to $400 million, plus $40 million greenshoe Net proceeds of approximately $425.4 million 3.25% coupon, 30% conversion premium Capped call transactions entered into in connection with the notes are generally expected to provide a hedge upon conversions up to an initial cap price of $25.86 per share, which represents a 100% premium (as compared to the 30% conversion premium under the notes) Citigroup Global Markets Inc and J.P. Morgan Securities LLC acted as joint bookrunners Oversubscribed and upsized In response to strong investor demand, IREN upsized the initial offering size of $300.0 million aggregate principal amount of notes to $400.0 million, and the initial purchasers fully exercised their option to purchase an additional $40.0 million aggregate principal amount of the notes. The notes were issued pursuant to, and are governed by, an indenture, dated as of December 6, 2024, between IREN and U.S. Bank Trust Company, National Association, as trustee. Use of proceeds The net proceeds from the offering are approximately $425.4 million, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. IREN intends to use the net proceeds as follows: $44.4 million to fund the cost of the capped call transactions (described below) $73.7 million to fund the cost of the prepaid forward transaction (described below) General corporate purposes and working capital Capped call transactions In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the "option counterparties"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $25.86 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $12.93 per share on December 3, 2024, and is subject to certain adjustments under the terms of the capped call transactions. The capped call transactions are expected to generally reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. Prepaid forward transactions In connection with the pricing of the notes, IREN also entered into a prepaid forward share purchase transaction (the "prepaid forward transaction") with one of the initial purchasers of the notes or its affiliate (the "forward counterparty"), pursuant to which IREN purchased approximately $73.7 million of its ordinary shares (based on the last reported sale price of IREN's ordinary shares on the pricing date), for settlement shortly after the maturity date of the notes, subject to any early settlement, in whole or in part, of the prepaid forward transaction. The prepaid forward transaction will be solely cash settled unless certain conditions are satisfied. The prepaid forward transaction is generally intended to facilitate privately negotiated derivative transactions, including swaps, between the forward counterparty or its affiliates and investors in the notes relating to IREN's ordinary shares by which investors in the notes will establish short positions relating to IREN's ordinary shares and otherwise hedge their investments in the notes. As a result, the prepaid forward transaction is expected to allow the investors to establish short positions that generally correspond to (but may be greater than) commercially reasonable initial hedges of their investment in the notes. In the event of such greater initial hedges, investors may offset such greater portion by purchasing IREN's ordinary shares on or shortly after the day IREN prices the notes. No registration The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion of the offering and the expected amount and intended use of the net proceeds. Forward-looking statements represent IREN's current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN's control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions and risks relating to IREN's business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions and financing the prepaid forward as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in IREN's Annual Report on Form 20-F for the year ended June 30, 2024 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. About IREN IREN is a leading data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 50 EH/s in H1 2025. Operations since 2019. AI Cloud Services: providing cloud compute to AI customers, 1,896 NVIDIA H100 & H200 GPUs. Operations since 2024. Next-Generation Data Centers : 460MW of operating data centers, expanding to 810MW in H1 2025. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications. Technology : technology stack for performance optimization of AI Cloud Services and Bitcoin Mining operations. Development Portfolio: 2,310MW of grid-connected power secured across North America, >2,000 acre property portfolio and additional development pipeline. 100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs) : targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities. Contacts Media Jon Snowball Sodali & Co +61 477 946 068 Megan Boles Aircover Communications +1 562 537 7131 Investors Lincoln Tan IREN +61 407 423 395 lincoln.tan@iren.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SAN FRANCISCO (AP) — Northern California was under a rare and brief tsunami warning alert Thursday that tested local emergency notification systems after a 7.0 magnitude earthquake shook part of the state. The National Weather Service canceled its alert after roughly an hour and before the tsunami was expected to arrive. In that hour, some cities and counties ordered evacuations while others relied on social media and text messages to inform people of the warning. Some people headed for higher ground, while others drove to the beach to get a better view. People took to social media to figure out why a warning was issued and then canceled so quickly, and how the NWS determines when to send alerts. Here are answers to more questions. What exactly is a tsunami? The word for tsunami comes from the Japanese characters for harbor and wave. It's a series of extremely long waves set in motion when energy from an earthquake causes the ocean floor to suddenly rise or fall, according to the National Weather Service . How common are they in California? Since 1800, California's shores have been struck by more than 150 tsunamis, most of them minor, according to the California Geological Survey. Phones buzzed Thursday when the National Weather Service issued its warning just minutes after the quake struck west of Ferndale, a small city in coastal Humboldt County. It read in part: “You are in danger. Get away from coastal waters. Move to high ground or inland now.” Why was there an alert if there wasn't a large tsunami? The National Weather Service Bay Area posted on the social platform X early Friday that the region doesn't get tsunami alerts often and “there are lot of questions, frustration, and even some anger” about Thursday's event. A warning alert is the most serious of four tsunami alerts, including a watch alert for a possible tsunami and an advisory alert telling people to stay out of the water and away from the shore. The last time California received a warning alert was 2011 when an earthquake in Japan caused about $100 million in damages along the California coast. Basically, a distant, offshore earthquake or other trigger event gives scientists more time to analyze data and confirm that a large tsunami was generated before sounding a warning. But Thursday’s earthquake was local and close to the coast, forcing a hasty high-level alert in order to give people the maximum time to prepare as tsunami waves can travel very fast, up to 500 mph (800 kph) in the deep ocean, the NWS wrote. “By the time we actually observe it, it may be too late, because it's right there in our back doors,” said Dalton Behringer, a meteorologist with NWS Bay Area, on Friday. Scientists used the time Thursday to monitor buoys and get more information on the earthquake itself, he said. They canceled the alert after seeing little sea-level change and determining the quake was a strike-slip type of temblor that shifts more horizontally and is less prone to cause tsunamis, he said. “These things happen so infrequently for us, I think it just caught a lot of people off-guard,” he said. How did Northern California respond? Authorities in Eureka, the biggest city in Humboldt County, sent texts and went door-to-door to order businesses in high-risk areas to evacuate, said City Manager Miles Slattery. He said only a small portion of the city was at risk, and Thursday's test run showed evacuees need to work on leaving by foot, rather than by car. In the San Francisco Bay Area, the commuter light-rail system known as BART stopped traffic in all directions through the underwater tunnel between San Francisco and Oakland, and the San Francisco Zoo’s visitors were evacuated. Responses varied as fire and police in Berkeley evacuated certain areas of the city while in San Francisco, officials sent alerts and messages on social media telling residents to stay away from water, beaches, harbors, marina docks, and piers. “Move at least one block inland,” said the San Francisco Department of Emergency Management. Emergency personnel in vehicles with public address systems also went to make sure no one was on beaches and other low-lying areas. But some critics said San Francisco should have sounded its loud emergency sirens, which have been off-line since 2019 for repairs. In San Mateo County, just south of San Francisco, officials considered but decided against sounding its tsunami warning sirens after receiving more comprehensive information from the NWS that any tsunami would affect coastlines north of the Golden Gate Bridge, said Michelle Durand, a spokesperson for the county. Fire and police cleared the beaches while emergency personnel gathered to monitor the situation, she said, which “prioritized both public safety and the prevention of unnecessary panic.” Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Red Bluff beats Foothill 21-10, will play for first section title in 25 years
Georgia police fire water cannons at pro-EU protestersMichigan shocks No. 2 Ohio State, 13-10, wins fourth straight in heated rivalryPolice in Georgia on Saturday fired water cannons to disperse pro-EU protesters rallying for a ninth consecutive day against the prime minister's decision to shelve talks on joining the European Union. The Caucasus nation has been engulfed in turmoil since the governing Georgian Dream party declared that it had won a disputed October 26 election. The party's critics have accused it of creeping authoritarianism and of steering the country back towards Russia. Thousands of defiant pro-EU protesters in Georgia began to rally Friday eve after the prime minister claimed victory in a "battle" against the opposition. Tens of thousands have taken to the streets since the election to protest against alleged electoral fraud. Fresh rallies took place across the country after Prime Minister Irakli Kobakhidze announced last week that Georgia would not hold talks on European Union membership until 2028. Police have fired tear gas and water cannon against pro-EU protests in Tbilisi and hundreds of arrests have been made, triggering outrage at home and mounting international condemnation. France, Germany and Poland condemned what they called the government's "disproportionate" use of force against protesters and opposition leaders in a joint statement Friday. Shortly after midnight on Saturday, riot police in full gear moved in with water cannons to disperse the rally outside the parliament building, making arrests as the crowd retreated a few metres (yards), an AFP reporter witnessed. Earlier on Friday evening, several thousand people blocked the street outside parliament, with some blowing whistles and others setting off firecrackers. The crowd was smaller than on previous nights and the mood quieter, but protesters rejected claims the movement was dying out. "People will continue the protest," said one demonstrator, 23-year-old Giorgi, wearing a Georgian flag and a back scarf pulled over his nose. "They're patient, I will be here for the rest of my life if it is necessary to save my country." Separate protests were held outside Georgia's Public Broadcaster -- accused of being a government propaganda tool -- as well as the education ministry and the country's tourism administration offices. Shalva Alaverdashvili, founder of the Georgian hotels' federation, told AFP that the "unexpected and unacceptable" suspension of EU accession talks has severely hit the country's tourism industry, which accounts for seven percent of the country's GDP. Thousands have also staged anti-government rallies in the second city of Batumi on the Black Sea coast. On Friday evening, a court in Tbilisi put a 19-year-old youth activist in pre-trial detention. Zviad Tsetskhladze had been arrested during the protests on charges of "organising, leading, and participating in group violence". Tsetskhladze told the judge: "Democracy in Georgia is no more. The rule of law has been crushed. "Our actions are a form of resistance, aimed at preserving the rule of law, defending democracy, and protecting the rights of every individual." Sign up to get our free daily email of the biggest stories! Earlier Friday Prime Minister Kobakhidze praised his security forces for "successfully neutralising the protesters' capacity for violence". "We have won an important battle against liberal fascism in our country," he told a news conference, using language reminiscent of how the Kremlin in Russia targets its political opponents. "But the fight is not over. Liberal fascism in Georgia must be defeated entirely," Kobakhidze said, repeating an earlier threat to "complete the process of neutralising the radical opposition". With both sides ruling out a compromise, there appeared to be no clear route out of the crisis. The leader of the opposition Lelo party, Mamuka Khazaradze, said the ruling party "no longer has the strength or resources to stand against the people." The government "has resorted to arresting young activists and political opponents out of fear of relentless public protests and growing civil disobedience by public servants," he told AFP. The interior ministry said police had detained three more individuals Friday for "participating in group violence", punishable by up to nine years' jail. Masked officers have raided several opposition party offices and arrested opposition leaders earlier this week, while around 300 people have been detained at rallies. On Friday Nika Gvaramia, leader of the opposition Akhali party, was sentenced to 12 days in prison. Alexandre Elisashvili, leader of the Strong Georgia opposition group, was remanded in custody for two months of pretrial detention. More trouble is expected after December 14, when Georgian Dream lawmakers elect a loyalist to succeed pro-Western President Salome Zurabishvili. She has vowed not to step down until the parliamentary polls are re-run. Local media has also reported protests across the country, including in the cities of Batumi, Kutaisi, Zugdidi, Rustavi and Telavi. Critics of Georgian Dream are enraged by what they call its betrayal of Tbilisi's bid for EU membership, enshrined in the constitution and supported by around 80 percent of the population. Several ambassadors, a deputy foreign minister, and other officials have resigned over the suspension of EU talks. Georgian Dream, in power for more than a decade, has advanced controversial legislation in recent years, targeting civil society and independent media and curbing LGBTQ rights. Brussels warned such policies were incompatible with EU membership, while domestic critics accuse the government of copying Russia's playbook. Georgia's own rights ombudsman has accused the police of "torture" against those arrested. ub-im/sbk
ARLINGTON, Va. , Dec. 6, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) approved an increase of 2% in the Company's quarterly common stock dividend, from $0.1725 per share to $0.17595 per share, beginning in the first quarter of 2025. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Smith's career-high 205 yards rushing carries San Diego past Morehead State 37-14Georgia police fire water cannons at pro-EU protesters
The 59-year-old Malzahn is leaving UCF after four season where he led the program to a 28-24 record but back-to-back losing seasons.https://arab.news/7mnwp DOHA: Qatar’s prime minister said Saturday that momentum had returned to talks aimed at cementing a truce and hostage exchange deal in Gaza following the election of Donald Trump as US president. “We have sensed, after the election, that the momentum is coming back,” Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani told the Doha Forum for political dialogue. The Qatari prime minister explained that while there were “some differences” in the approach to an agreement by the outgoing and incoming US administrations, “we didn’t see or recognize any disagreement on the goal itself to end the war.” The Gulf emirate, along with the United States and Egypt, had been involved in months of unsuccessful negotiations for a Gaza truce and hostage release after 14 months of war. But in November, Doha announced it had put its mediation on hold, saying it would resume when Hamas and Israel showed “willingness and seriousness.” Sheikh Mohammed said there had been “a lot of encouragement from the incoming administration in order to achieve a deal, even before the president comes to the office,” adding this had affected the Qatari decision to get talks “back on track” over the last two weeks. “We hope to get things done as soon as possible. We hope that the willingness of the parties to engage in a good faith continues,” he said. The prime minister also brushed off the prospect of Qatar facing greater pressure over the status of its political bureau for Hamas, which the Gulf state has hosted since 2012 with the blessing of the United States. He called the office a “platform to convene between the different parties,” adding that Qatar was not “expected to enforce solutions” on the Palestinian militants. On Syria, Qatar’s prime minister said Syrian President Bashar Assad failed to engage with his people and address issues like the return of refugees during a period of calm in the country’s war. “Assad didn’t seize these opportunities to start engaging and restoring his relationship with his people, and we didn’t see any serious movement, whether it’s on the return of the refugees or on reconciling with his own people,” Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani said at the Doha Forum for political dialogue. Qatar — which gave early support to the opposition after Assad’s government crushed a peaceful uprising in 2011, leading to the civil war — remains a fierce critic of the Syrian leader but is calling for a negotiated end to the fighting. Sheikh Mohammed said the world had been “surprised” by the speed of a recent rapid advance by Islamist-led militants in Syria and cautioned that the situation might become “more and more dangerous,” threatening a return to a more intense level of civil war. He added such an outcome would “damage and destroy what’s left, if there is not any sense of urgency to start putting (in place) a political framework for what’s happening over there... in order to find a political solution.”The U.S. is by far Superior Glove Work’s biggest market, with 70 per cent of the work and safety gloves it makes destined for south of the border. Carlos Osorio/The Globe and Mail Weeks before his return to the White House, Donald Trump is already sending shockwaves through the Canadian business community. The U.S. president-elect promised this week to impose 25-per-cent tariffs on imports from Canada and Mexico over border security concerns – a plan that many executives and economists are skeptical will become reality. Even so, companies are preparing for a tumultuous four years under Mr. Trump , given the trade skirmishes that defined his first term in office. Small and mid-sized manufacturers are especially vulnerable to steep tariffs because many of them have become tightly integrated with the U.S. market over three decades of free trade. The Globe and Mail spoke with five executives about how they’re strategizing for Trump 2.0. Superior Glove has spent the past year building its first American manufacturing facility in North Carolina. Gloves produced in that facility can bypass any potential tariffs and sell directly into the U.S. market. Carlos Osorio/The Globe and Mail Superior Glove Works When Tony Geng first heard Mr. Trump’s tariff plan, the owner of Superior Glove Works Ltd. flashed back to 2017 and the early days of the first Trump administration. Back then, during the renegotiation of the North American free-trade agreement into what is now known as the U.S.-Mexico-Canada Agreement, the Americans wanted the removal of certain provisions related to textiles and apparel. “In the end, what was needed was kept in, but not before a whole lot of worrying and sleepless nights while those negotiations were going on,” Mr. Geng said in an interview. “This new announcement has a very similar taste to what happened back then and it brings back the same worries until it is settled.” Acton, Ont.-based Superior Glove has three production facilities in Canada – one at its headquarters and two in Newfoundland – that collectively employ about 450 people. The U.S. is by far the company’s biggest market, with 70 per cent of the work and safety gloves it makes destined for south of the border. “Being a Canadian company, we want to make as much as we possibly can in Canada, even if it costs us, say, 15- or 20-per-cent more to provide in Canada, but add a 25-per-cent tariff and it is going to become pretty hard to do anything in Canada,” Mr. Geng said. One key difference between 2017 and today is that Superior Glove has spent the past year building its first American manufacturing facility in North Carolina. Gloves produced in that facility, with operations set to begin in the spring of 2025, can bypass any potential tariffs and sell directly into the U.S. market. “We thought we should do something to mitigate the protectionist threat,” Mr. Geng said, “but when we started that plan, it was just out of the recognition that the U.S. is our biggest market so we really should have some manufacturing presence there.” However, the plan for the U.S. facility was to produce new products while existing products continued to come from Canada and two other plants Superior owns in Honduras. The North Carolina facility was never intended to replace any Canadian production and Mr. Geng said Superior Glove would not be able to shift enough production there to offset the impact of any potential tariffs. Acton, Ont.-based Superior Glove has three production facilities in Canada – one at its headquarters and two in Newfoundland – that collectively employ about 450 people. Carlos Osorio/The Globe and Mail “In hindsight I am extra glad we started this plan over a year ago so we aren’t totally behind the eight-ball, though it really does seem like the end result of this, if it were to happen, is to drive business to China rather than more business and manufacturing jobs to the States,” he said. China already produces the vast majority of the world’s gloves and Mr. Geng said producers there would be best positioned to absorb the cost of any tariffs because of their low cost of labour and materials. That would be an ironic outcome given China is the primary target of Mr. Trump’s tariff plans. Superior also buys most of its raw materials, such as cotton and polyester, from the U.S., but Mr. Geng said “if the gloves end up being made in China instead, the Chinese aren’t going to buy cotton from the States or polyester from the States. It would just be an even bigger net loss for the United States, so these tariffs just really don’t seem like a great plan.” -Jameson Berkow Kacee Vasudeva, owner of auto parts plant Ultra-Form Manufacturing Ltd., is negotiating a $2-million sale to a U.S. customer. Christopher Katsarov/The Globe and Mail Ultra-Form Manufacturing From his low-slung factory in the northwest corner of Toronto, Kacee Vasudeva competes with auto-parts makers in Mexico, China and Europe. The Trump tariff would make this a lot harder. Mr. Vasudeva’s company, Ultra-Form Manufacturing, turns chunks of steel and aluminum into fittings and components used in a car’s fluid systems – brake, cooling and power train. Three-quarters of the products are shipped eight times a week to parts makers in the U.S. and Mexico, where they are added to other components and sold to car makers for final assembly. Even the goods he sends to Canadian companies wind up crossing North American borders one way or another and would be hit by Mr. Trump’s promised 25-per-cent tariff. Mr. Vasudeva, who employs 45 people – most of them highly skilled machinists – is negotiating a $2-million sale to a U.S. customer. He fears the deal will be lost if Mr. Trump imposes the levy. “If he puts it on, we may not be competitive. We may lose the U.S. customer,” Mr. Vasudeva said. Mr. Trump’s promised tariffs on Canadian and Mexican imports ignited fears of economic devastation in much of Canada, which depends on the U.S. for 75 per cent of its exports. Makers of auto parts and vehicles in Canada employ about 125,000 people and exported $102-billion of products in 2023. Most of this went to the U.S. while $1.9-billion in goods were sent to Mexico, another major supplier to the U.S. Three-quarters of Ultra-Form Manufacturing's products are shipped eight times a week to parts makers in the U.S. and Mexico. Christopher Katsarov/The Globe and Mail Like other auto parts, the fittings turned out by Ultra-Form cross the U.S. and Mexican borders a few times before being becoming part of a finished vehicle. It’s this integrated nature of car-making that underpins the trade agreement upon which North America has relied for mostly tariff-free commerce. This interdependence has allowed companies in all three countries to invest in technology and compete for a piece of the massive U.S. market, which saw 15.5 million new vehicles sold in 2023. That’s why, for Mr. Vasudeva, the threat of a U.S. tariff is a betrayal. “We are like two brothers here,” he said. “We are not different. We pay the same wages. We have the same rules and laws. We have to be fair. Why we are being punished? If they have to punish [a trade partner], they should punish Mexico and China.” - Eric Atkins Arctic Snowplows Jim Estill is clear on what Canadian policymakers should do if the U.S. enacts steep tariffs: retaliate. Earlier this year, Mr. Estill acquired Arctic Snowplows, a London, Ont.-based manufacturer of heavy equipment for snow clearance, which has been in operation for 55 years. A “considerable amount” of their product is shipped to the U.S., he said, so any new duties would hurt their competitiveness in that market. If Mr. Trump followed through on the tariffs, Arctic Snowplows would refocus its sales efforts on Canada and not spend any marketing dollars in the U.S., Mr. Estill said. It’s possible the company could offset the loss of U.S. revenue with more business in Canada, he added. But this glass-half-full perspective hinges on whether Canada would respond to U.S. tariffs with its own, hampering the Canadian sales of Arctic’s American competitors. Mr. Estill has spoken with members of Parliament about taking this retaliatory approach, should the situation escalate. “None of this is good for consumers, because the lowest cost is the way it is right now,” he said. Mr. Estill is already familiar with the chaotic policy environment under Mr. Trump. He’s also the owner and CEO of Danby, which sells and manufactures appliances in Canada and the U.S. Under Mr. Trump’s watch, the U.S. brought in new tariffs on washing machines in 2018 to support the domestic industry. But like many of their competitors in the U.S. market, Danby imported their machines from overseas which meant they were subject to tariffs. Those added costs were passed on to consumers, Mr. Estill said. “If everybody has the same tax, then it’s kind of a level playing field, and nothing much changes except prices to consumers,” he said. Mr. Estill said the uncertain policy landscape makes it difficult for business owners to invest in their operations, which can ripple through the economy. “If I don’t put an addition on my plant, then the roofer doesn’t get paid, and then the roofer doesn’t go to the restaurant and spend their money, and then the waitress can’t go buy a bar fridge,” he said, referencing a Danby product. “That’s what the economy is, right?” -Matt Lundy AceTronic Industrial Controls Recessions, trade wars and a financial crisis – Kim Thiara has seen it all. Ms. Thiara is the owner of AceTronic Industrial Controls Inc., a 41-year-old Mississauga-based company that makes machinery and parts for manufacturers of plastic goods. Her customers make food packaging, car interiors and components, medical equipment and other products, most of which are exported to the U.S. AceTronic’s sales – and those of its customers – would be affected by Mr. Trump’s promise to tax Canadian and Mexican imports at 25 per cent. This would drive up costs to U.S. manufacturers and consumers and make Canadian goods less competitive with those from such low-wage regions as Asia. But ask Ms. Thiara about the prospect of the new tariff and she is sanguine. With fresh memories of Mr. Trump’s steel and aluminum tariffs, which were imposed during his first term, she expected another round of protectionism if he was elected. But she is optimistic the levy will not be as high as 25 per cent. “This isn’t our first storm. And this, too, shall pass,” Ms. Thiara said. “I think he’s just kind of saying that now, and just preparing us for what may be coming down the road.” She also doubts the U.S. will turn its back on a long-standing trade relationship in which the world’s largest economy benefits from a next-door partner that boasts rich resources and deep industrial knowledge. AceTronic brought back parts of its manufacturing processes from Asia during the pandemic, part of a trend known as “nearshoring” that allows it to better control its operations even if some costs rise. Her U.S. trading partners have also done this – one calls it “friendshoring” – and show they value a culturally similar neighbour who is a trusted supplier. “A lot of my customers this week were talking about the resources that Canada has to offer, the cobalt, the lithium, even hydro,” Ms. Thiara said. These resources include the southern Ontario automotive plastics sector in which AceTronic operates, she said. “Trump is a businessman at the end of the day,” she said, “and I can’t see him disregarding that resource.” -Eric Atkins Brink Group of Companies After 50 years in the softwood lumber business, this is one of the worst-case scenarios that John Brink has ever seen. “I’ve dealt with everything from recessions through inflation to duties and all that combined at times, but we survived it all. Now we’ve got a whole combination of all the above,” he said. Mr. Brink founded his lumber company in 1975 and now holds the title of CEO for the expanded Brink Group of Companies, which focuses on lumber, real estate, warehousing and media. The northern B.C.-based group employs around 400 people and exports more than 90 per cent of its product, mainly lumber, to the U.S. If Mr. Trump implements a 25-per-cent tariff on all imports from Canada, Mr. Brink said the impact to the industry would be devastating. Already, many Canadian softwood lumber companies are being forced to pay a 14.4-per-cent duty on imports to the U.S. and with this tariff, he expects many of them could be put out of business. “There’s no question about that,” he said. With additional tariffs, Mr. Brink predicts the cost of two-by-fours would soar, driving up U.S. home prices. While some industries have reacted to Mr. Trump’s tariff promise with skepticism, Mr. Brink said he’s not taking it lightly. “If it is a comment and a commitment that has been made by the president-elect and his name is Trump, we can take it seriously,” he said. However, he’s not worried about his own company’s survival. After 50 years in business, he said he has learned to keep a tight budget and an eye on the markets. But the inflation that would follow such a steep tariff, he said, is the most troubling part. “The customers will pay,” he said. -Pippa Norman