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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Canada Supports South Africa Amid U.S. Boycott of G20 Meeting



In a significant show of solidarity, Canada has stepped up to support South Africa as it faces mounting pressure due to the United States' decision to boycott historic G20 meetings. Canadian Foreign Minister Mélanie Joly emphasized Canada's commitment to multilateralism and international cooperation, highlighting the importance of standing by South Africa during its G20 presidency.

South Africa, the first African nation to lead the G20, aims to advance the interests of developing countries in discussions with the world's wealthiest nations. However, the U.S. has chosen to boycott the meetings, citing disagreements with South Africa's policies and priorities. U.S. Secretary of State Marco Rubio has criticized South Africa's focus on themes such as solidarity, equality, and sustainability, which he views as contrary to American interests.

Despite the U.S. absence, other major players, including Russia, China, and the European Union, have expressed their support for South Africa's leadership. Canadian Foreign Minister Joly reiterated Canada's commitment to working with South Africa and other G20 members to address global challenges such as debt refinancing and climate change mitigation.

As the G20 meetings continue in Johannesburg, Canada's support serves as a crucial counterbalance to the U.S. boycott, ensuring that the voices of developing nations are heard and their interests are represented on the global stage.



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