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Markets recover as Trump signals Iran talks still possible

MoneySavings.ca  ·  Daily Market Brief Monday, April 13, 2026  ·  End-of-day edition Markets recover as Trump signals Iran talks still possible S&P/TSX 33,696 ▲ +218 pts (+0.65%) Fri. S&P 500 6,886 ▲ +69 pts (+1.02%) Nasdaq 23,184 ▲ +1.23% Dow Jones 48,218 ▲ +302 pts (+0.63%) WTI Crude ~$104 ▲ +8.1% — elevated CAD/USD 0.7226 Roughly flat Overview North American markets closed firmly in positive territory on Monday, shaking off a rocky open that saw major indices fall more than 1% in early trading. The turnaround came after President Trump stated that the U.S. had been "called by the other side," hinting that Iranian officials may still be open to negotiation despite weekend talks in Islamabad collapsing without a deal. For Canadian...
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China Warns 'No One Will Win a Trade War' After Trump's Tariff Threat

 

 China has issued a stern warning to U.S. President-elect Donald Trump following his announcement of a 10% tariff on all Chinese imports. The Chinese Embassy in Washington emphasized that "no one will win a trade war," highlighting the mutual benefits of U.S.-China economic and trade cooperation.

Trump's proposed tariffs are part of his broader strategy to combat illegal immigration and drug trafficking, particularly fentanyl. He stated that these tariffs would remain until China takes significant measures to halt the flow of drugs into the United States.

Chinese officials have pushed back against these claims, pointing to recent efforts to curb the export of fentanyl precursors and other narcotics-related measures. The embassy spokesperson, Liu Pengyu, reiterated that the idea of China knowingly allowing fentanyl precursors to flow into the U.S. runs counter to facts and reality.

As tensions escalate, the global community watches closely, aware that a trade war between the world's two largest economies could have far-reaching consequences.



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