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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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US Stock Futures Rise Despite Hot Inflation Print

 

Despite a hotter-than-expected wholesale inflation print, US stock futures climbed on Thursday, signaling a potential bid ahead for the market. Here are the key points:

  1. Inflation Data: February’s producer price index rose 0.6%, surpassing the expected increase of 0.3%. Investors closely watched whether inflation is cooling fast enough to satisfy Fed policymakers and signal potential interest-rate cuts.

  2. Market Resilience: The market shrugged off signs of sticky inflation in Tuesday’s CPI report and maintained hopes for a policy pivot in the summer. Investors seem confident that the Federal Reserve will continue to support the economy.

  3. Retail Sales: Retail sales increased 0.6%, falling short of estimates for a rise of 0.8%. This data release provided clues about the health of the US economy ahead of the central bank’s two-day meeting next week.

  4. Commodities: Oil prices continued their rally after the International Energy Agency (IEA) warned of supply shortages this year. WTI crude futures traded just above $80 per barrel, touching their highest levels since November.

  5. Corporate News: Fisker’s shares plunged almost 40% in premarket trading after a Wall Street Journal report revealed that the electric vehicle maker is exploring a bankruptcy filing.

Despite inflation concerns, the market remains resilient, and investors eagerly await the Federal Reserve’s next moves. Stay tuned for further developments as the economic landscape evolves.

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