Trump, Canada and tariff
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Late Thursday, Trump posted a letter threatening to impose 35% tariffs on goods from Canada. The barrage of letters began on Monday, setting tariffs of 25% on goods from Japan and South Korea and 50% on Brazil.
Canadians have been shunning US products as a result of President Donald Trump’s trade war. Now there’s evidence some also want to see fewer US stocks in their retirement accounts and pensions funds.
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
Stock indexes edged higher on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50% tariff on goods from Brazil.
Renewable-energy stocks fell, after President Trump issued an executive order calling for tight application of the eligibility rules for clean-energy tax credits. Shares in solar-equipment maker First Solar fell about 5% in morning trading Tuesday,
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Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.
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Markets extended their downward slide on Tuesday as investors remained wary about the looming tariff deadline, with the S&P 500 dipping 0.07%. After a celebratory June, which saw the S&P 500 reach record highs,