Trump Slaps 35% Tariff On Canada
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Markets hit record highs despite new Trump tariffs on Canada, Brazil, and EU. Earnings season begins, with volatility ticking up and investors watching guidance closely.
Canada has made concessions to win goodwill with the White House. Trump, in return, has threatened steeper tariffs.
Trump threatens Canada with 35% tariffs starting August 1, causing market volatility and diplomatic tension during ongoing trade negotiations.
Tariff negotiations between the two top trading partners are on a different track from those the U.S. is pursuing with other nations. But Canada may not get a better outcome.
Cyprus Mail on MSN1d
Trump escalates trade war with Canada, EU and allies on edgePresident Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.
The European Union will propose bilateral agreements with the UK and Canada as soon as the end of July, which would give them access to the bloc’s new €150 billion ($176 billion) loan fund for defense production,
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Canada’s decision to rescind its digital services tax (DST) to restart trade negotiations with the U.S. represents a boon for major tech firms and could be a harbinger for similar measures in
Money Talks News on MSN3d
German Politician Pushes for Canada to Join European UnionA German politician campaigns for Canada to join the European Union, citing the country's European values and economic potential. The proposal faces treaty restrictions but has gained momentum amid changing global dynamics.
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