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Trump threatens Canada with 35 percent tariff rate starting Aug 1
Trump threatens Canada with 35 percent tariff rate starting Aug 1
Business and Economy
by  AFP

Canada will face a 35 percent tariff on exports to the United States starting August 1, President Donald Trump said Thursday in a letter to Prime Minister Mark Carney. The letter on Thursday came despite what had been warming relations between Trump and Carney, who has been faced with his counterpart's regular musings that Canada should become the 51st US state.

Traders brush off new Trump threats to extend stocks rally
Traders brush off new Trump threats to extend stocks rally
Business and Economy
by  AFP

Stocks mostly rose Friday in Asia, tracking records in New York and London, as investors absorbed US President Donald Trump's latest tariff salvos amid optimism that most countries will strike a deal to avoid the worst of his levies. Analysts say traders now expect a deal or another delay, while investors appear to be waiting until a deal is done or the tariffs kick in.