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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
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
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.

Trump floats 15 to 20% blanket tariff on trading partners
Trump floats 15 to 20% blanket tariff on trading partners
Economy
by  AFP

US President Donald Trump on Thursday said he was considering imposing a 15 or 20 percent blanket tariff on countries that had not yet received specific notifications, effective August 1. In his letters to leaders from more than 20 countries, Trump outlined duties ranging from 20 percent to 50 percent -- in the case of Brazil -- that would take effect on August 1.

Why is Trump lashing out at Brazil?
Why is Trump lashing out at Brazil?
Economy
by  AFP

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution."