Trump, Canada and tariff
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1don MSN
The U.S. dollar rose against major currencies including the yen and euro as President Donald Trump rekindled trade tensions with new tariffs on Canada and other trading partners.
US President Donald Trump announced a sweeping new 35% tariff on Canadian imports, escalating trade tensions between the two countries ahead of a planned resumption of bilateral talks. The new tariffs will take effect on August 1,
Canada’s labor market posted a stronger-than-expected performance in June, offering a measure of resilience as geopolitical and trade tensions escalate. The country added 83,000 jobs, driving the employment rate up to 60.
Major stock indexes were slightly lower on Friday as U.S. President Donald Trump's announcement of tariffs on imports from Canada fanned worries about trade tensions, with the Canadian dollar down against the greenback.
The S&P 500 dipped from record highs amid heightened trade tensions spurred by President Trump's new tariffs on Canada and Brazil. While Nvidia's stocks reached new heights, the broader market faced declines,
Canada's decision to scrap a digital service tax on US tech companies this week was aimed at safeguarding trade discussions with President Donald Trump.