EUR/USD
1.16783
0.003%
Gold
4616.86
2.163%
Oil
86.290
0.427%
USD/JPY
158.995
-0.035%
GBP/USD
1.36466
0.123%
GBP/JPY
216.979
0.098%
Real-time News
August 23 – The trade dispute between the US and Canada has escalated further, with Canadian Prime Minister Mark Carney announcing that Canada will impose retaliatory tariffs on US imports starting September 8. Carney stated on Saturday, “We are reluctantly taking this step because we recognize that it will increase costs for Canadians, reduce purchasing options, hurt innocent American businesses and states, and hinder cooperation between our two countries.” He said the retaliatory tariffs will primarily target steel, dairy products, home appliances, agricultural equipment, pulp, paper products, and electronics, with more details to be released in the coming days. Following the breakdown of trade negotiations on Friday evening, the US imposed 50% tariffs on hundreds of Canadian goods on Saturday, totaling approximately $20 billion, including plywood, alcoholic beverages, electrical equipment, and hockey equipment.On August 23, Russian President Vladimir Putin stated on August 22 that the Ukrainian armed forces had been launching missile and drone attacks against Russia for the past 40 days in an attempt to defeat Russia, but this was "nothing more than a gamble." He claimed that the Ukrainian attacks had not brought about any substantial change in the situation. Putin also stated that in response to the Ukrainian attacks on civilian infrastructure in Russia, the Russian military had intensified its attacks on Ukrainian companies, and that the retaliatory strikes by Russia were "more destructive."Canadian Prime Minister Carney: The government is prepared to provide financial support to affected industries under the new 50% tariff.Canadian Prime Minister Carney: Canada will provide tariff protection for certain industries.Canadian Prime Minister Mark Carney: There is "no good news" about the future of the USMCA (United States-Mexico-Canada Agreement).
