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Wall Street Steadies as Trump Softens China Rhetoric, Banks Rebound

U.S. stocks swung between losses and gains on Friday before finding some footing, as President Donald Trump dialed back threats of steep new tariffs on Chinese imports. His remarks helped ease investor concerns over an escalating trade conflict that had rattled markets earlier in the week. The Dow Jones Industrial Average edged higher, while the S&P 500 hovered near the flatline. The Nasdaq Composite pared earlier declines, supported by a rebound in technology shares. Futures trading showed modest gains for the Dow and S&P 500, while Nasdaq contracts remained slightly negative. Regional bank stocks, which had been under pressure amid worries about loan quality and credit risks, also staged a recovery. Analysts noted that while investor sentiment remains fragile, Trump’s comments signaled a willingness to avoid measures that could further destabilize the global economy. Market watchers say volatility is likely to persist as Wall Street weighs trade policy uncertainty agai...
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Carney Stresses Diplomacy Over Retaliation in U.S. Trade Talks

U.S. President Donald Trump and Canada's Prime Minister Mark Carney react as they meet in the Oval Office at the White House in Washington, D.C., U.S., October 7, 2025.  


Prime Minister Mark Carney has confirmed that Canada will not impose countertariffs on American goods as trade negotiations continue in Washington. Despite mounting pressure from provincial leaders and labor groups to respond to U.S. tariff hikes, Carney emphasized that the focus must remain on dialogue and securing sector-specific agreements.

Carney’s decision comes as Canadian officials, led by Intergovernmental Affairs Minister Dominic LeBlanc, engage in intensive discussions with senior U.S. representatives on key industries such as steel, aluminum, and energy. The prime minister acknowledged frustrations over recent corporate moves—such as Stellantis shifting production from Ontario to Illinois—but maintained that retaliatory measures could derail progress at the negotiating table.

Ontario Premier Doug Ford has urged tougher action if talks fail to deliver results, warning against what he described as “rolling over” to Washington. Still, Carney insisted that signs of progress justify a patient approach, framing the current moment as “a time to talk, not to escalate”.


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