Category: tariff
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Gold Hits Record High on Weak Dollar as Trump Tariff Risks Loom
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(Bloomberg)-Gold reached the highest new level ever with the decline in the dollar and traders sought safety amid concerns about President Donald Trump’s measures. Most of them read from Bloomberg The alloys rose up to 1.4 % to $ 2,798.59 an ounce, exceeding their highest level in October. The dollar…
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Bank of Canada Can Ease Tariff Pain But Can’t Fix Damage, Macklem Says
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Bread path links PMN Business Bank of Canada’s governor Tif McLim says the central bank cannot fix the economic damage of the trade war with the United States – but it will do its best to make it less painful. The author of the article: Bloomberg News Eric Hirtburg Posted…
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US dollar retreats from 2-year high as Trump touts ‘tremendous’ tariff power, but holds off on swift action
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The US dollar (DX = F, DX-Y.NYB) fell more than its highest levels in approximately two years on Friday, and fell to the lowest level in a month after President Trump said he was “preferred not” to impose customs duties on China. “We have a very large force on China,…
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Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says
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(Reuters) – The copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year, Goldman Sachs said on Monday. The estimate is similar to their personal probability of 50% for an…
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Trump tariff ‘time out’ gives businesses breathing room
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Breadcrumb links news economy Business groups view the decision as a temporary reprieve and vow not to become complacent Posted on January 20, 2025 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. US President Donald Trump…
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Trump tariff ‘time out’ gives businesses breathing room
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Breadcrumb links news economy Business groups view the decision as a temporary reprieve and vow not to become complacent Posted on January 20, 2025 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. US President Donald Trump…
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New industry and labour council forms to collaborate on tariff and CUSMA issues
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jan 14, 2025 • 8 minute…
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Tariff and tech bubble concerns threaten volatile 2025
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Breadcrumb Trail Links Investor Investors could get caught in a tug of war between valuations and momentum, whether to stay home or look abroad Published Dec 25, 2024 • Last updated 14 hours ago • 8 minute read You can save this article by registering for free here. Or sign-in if…
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Border measures aimed at responding to Trump’s tariff threat begin
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Article content OTTAWA — Immigration measures announced as part of Canada’s border response to U.S. President-elect Donald Trump’s threat of 25 per cent tariffs are underway, starting with a ban on what is known as “flying the flag.” Article content This occurs when someone who was in Canada on a…
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Biden Mulls Tariff Break for Solar Modules From Mexico
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Breadcrumb links BMN Business The Biden administration is considering exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd. Article writer: Bloomberg News Jennifer A. My bucket Posted on December 21, 2024 • 3 minutes read You can save this article…
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Trump’s tariff post sends markets scrambling
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A look at the day ahead in European and global markets from Kevin Buckland And so it begins. Trump took to his Truth Social platform late Monday to threaten 25% tariffs on Mexico and Canada if they don’t better control their borders, and additional tariffs on China. Suddenly, Asian investors,…
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Kenya races to relax rule on cheaper night tariff for factories
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The Department of Energy will accelerate the review of rules on cheap overnight energy costs ahead of the proposed opening of electricity transmission and distribution to the private sector early next year. Cabinet Minister for Energy, Opio Wandaye, said the government is racing against time to ease conditions that have…
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JPMorgan ditches China buy recommendation due to ‘Tariff War 2.0’
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JPMorgan Chase & Co. dropped its buy recommendation on Chinese stocks, citing heightened volatility around the upcoming U.S. election as well as growth headwinds and tepid political support. China’s rating was downgraded to neutral from “overweight” in the bank’s emerging market allocation, strategists led by Pedro Martins wrote in a…
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Canada’s 100% tariff on China-made EVs only hits Tesla for now
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The Canadian government imposes a 100% tariff on imports of electric cars made in china Which complies with US tariffs. Prime Minister Justin Trudeau also announced Monday that 25% tariffs would be imposed on Chinese steel and aluminum. “Actors like China have chosen to give themselves an unfair advantage in…
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Trudeau says Canada to impose 100% tariff on Chinese EVs By Reuters
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OTTAWA (Reuters) – Canada will impose a 100 percent tariff on imports of Chinese electric vehicles, Prime Minister Justin Trudeau said on Monday. Trudeau told reporters in Halifax, Nova Scotia, that Ottawa will also impose 25% tariffs on steel and aluminum imports from China. The tariffs come just over a…
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Two possible tariff scenarios for 2025: Wells Fargo By Investing.com
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In a note dated Tuesday, analysts at Wells Fargo analyzed the potential impact of tariffs in the context of the 2024 presidential campaign, focusing in particular on two distinct scenarios for 2025. With foreign trade policy emerging as a critical issue amid rising geopolitical tensions, the implications for the U.S.…
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China’s exports surge, pushing trade surplus to $99bn amid tariff threats
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China posted a record trade surplus of $99 billion last month, the highest in more than two decades, as it continued to drive export growth despite looming tariff threats from President Donald Trump. Official trade data for June showed an 8.6% increase in export volumes, beating economists’ expectations of 8%…
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Asia FX weak with US inflation in sight; China tariff fears dent yuan By Investing.com
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Investing.com — Most Asian currencies were modestly lower on Friday as the dollar stabilized from overnight declines, with focus shifting squarely towards key US inflation data due next week, which is likely to provide further signals on interest rates. The Chinese yuan fell, as did currencies with trade exposure to…