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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
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Trade Tensions Surge as China Hits Back with 84% Tariffs on U.S. Goods

In a dramatic escalation of the ongoing trade war, China has announced an 84% tariff on U.S. goods, effective April 10. This move comes in response to the U.S. imposing a sweeping 104% tariff on Chinese exports. The tit-for-tat measures have sent shockwaves through global markets, with analysts warning of potential economic fallout for both nations.

China's Ministry of Finance criticized the U.S. tariffs as a "mistake on top of a mistake," vowing to defend its economic interests. Meanwhile, U.S. officials expressed regret over China's retaliatory actions but maintained that the tariffs were necessary to address trade imbalances.

The escalating tariffs are expected to disrupt global trade flows, with industries on both sides bracing for impact. Economists predict that the prolonged trade war could dampen economic growth and strain international relations further.

The world watches as the two largest economies continue their high-stakes standoff, with no resolution in sight.

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