Trump, Canada and tariff
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Bloomberg |
President Donald Trump’s “Liberation Day” tariffs will likely hurt US regional and Canadian banks, while Chinese banks’ exposure seems limited.
Orlando Sentinel |
President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars.
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Canada, Tariffs and PM Carney
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Associated Press News |
Canada will match U.S. President Donald Trump’s 25% auto tariffs with a tariff on vehicles imported from the United States.
Reuters |
Canadian Prime Minister Mark Carney on Friday (April 4) vowed to fight against U.S. tariffs, even though "Canada got the best of a series of bad deals."
BBC |
China will now see an effective tariff of 54%, as the new 34% tariff will be added to the 20% tariff already in place.
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Canadians are bracing alongside other geopolitical partners as President Donald Trump prepares to unleash his next round of tariffs in what he is calling "liberation day."
The Senate vote came after Trump implemented 10% across-the-board tariffs on imports and additional reciprocal tariffs on goods from 60 countries.
With President Donald Trump’s so-called “Liberation Day” of tariff implementation fast approaching, Senate Democrats are putting Republican support for some of those plans to the test by forcing a vote to nullify the emergency declaration that underpins the tariffs on Canada.
President Trump's newest tariffs sparked pledges by Canada's prime minster to 'fight' back while some said they were committed to working with partners and others look to take on Washington.
15hon MSN
The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.
On Friday, Japan's benchmark Nikkei 225 fell by another 3.5%, Australia's ASX 200 was down more than 2%, and Singapore's Straits Times Index was almost 3% lower. South Korean stocks are also losing ground but that appears to be related to the country's constitutional court upholding the impeachment of President Yoon Suk Yeol.
Prime Minister Mark Carney said the Trump tariffs "will rupture the global economy and adversely affect global economic growth" likely causing a recession in the U.S. which could bleed into