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- Trump's Tariffs Spark Global Market Volatility
Trump's Tariffs Spark Global Market Volatility
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US President Donald Trump's imposition of steep new tariffs on imports from Canada, Mexico, and China has triggered a global market downturn. The S&P 500 futures fell 1.6% and Nasdaq futures slumped 2.2%, while Asia's Nikkei share average tumbled as much as 2.3% in early trading.
Tariffs create unecessary economic disruption and drive inflation.
Across-the-board tariff measures raise business costs, harm workers and consumers. Tariffs create unnecessary economic disruption and drive inflation. They are hurtful to all sides.
This is disrupting an incredibly successful trading relationship.
Tonight I am announcing Canada will be responding to the US trade action with 25% tariffs against $155 billion worth of American goods.
Tariffs against Canada will put your jobs at risk, potentially shutting down American auto assembly plants and other manufacturing facilities.
Now is the time to choose products made right here in Canada.
Check the labels. Let's do our part. Wherever we can, choose Canada.
We're certainly not looking to escalate. But we will stand up for Canada, for Canadians, for Canadian jobs.
We did not want this, but Canada is prepared.
As British Columbians, and as Canadians, we will stand strong and united in the face of this unprecedented attack.
US-based businesses will now lose out on tens of billions of dollars in new revenues. They only have President Trump to blame.
Starting Tuesday, we're removing American products from LCBO shelves.
Europe will not cower and hide, but instead be a constructive and assertive partner.
I'm not going to start a war. I want to start negotiations.
If we are attacked in terms of trade, Europe - as a true power - will have to stand up for itself and therefore react.
If we were attacked on trade issues, Europe, as a power that stands its ground, will have to make itself respected and therefore react.
Trump's tariffs
- Donald Trump Announces 90-Day Tariff Reduction with China
- US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
- Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations
sources
- 1.DW News
- 2.Al Jazeera
- 3.The Times of India
- 4.The Washington Post
- 5.France 24
- 6.ABC News (Australia)
- 7.Le Monde
- 8.The New York Times
- 9.The Times
- 10.The Guardian
- 11.CTV News
- 12.South China Morning Post
perspectives
- 1.US under Donald Trump
- 2.Chinese Foreign Policy
- 3.US-China Relations
- 4.Immigration to the US
- 5.US Economy
- 6.Inflation
- 7.Trade Agreement
- 8.World Economy
- 9.US-India relations
- 10.Mexico under Claudia Sheinbaum
- 11.US-EU relations
- 12.United States–Mexico–Canada Agreement
countries
- 1.Afghanistan
- 2.Brazil
- 3.Canada
- 4.Congo, The Democratic Republic of the
- 5.Switzerland
- 6.China
- 7.Germany
- 8.Spain
- 9.Finland
- 10.France
- 11.United Kingdom
- 12.Hong Kong
organizations
- 1.White House
- 2.European Union
- 3.National Basketball Association
- 4.World Trade Organization
- 5.Starlink
- 6.Republican Party
- 7.Truth Social
- 8.National Hockey League
- 9.Budget Lab
- 10.Liquor Control Board of Ontario
- 11.Toronto Raptors
- 12.Yale University
persons
- 1.Donald Trump
- 2.Justin Trudeau
- 3.Claudia Sheinbaum
- 4.Doug Ford
- 5.Elon Musk
- 6.David Eby
- 7.Kirsten Hillman
- 8.Marcelo Ebrard
- 9.Charli XCX
- 10.Emmanuel Macron
- 11.Luis Inácio Lula Da Silva
- 12.Marco Rubio