INSUBCONTINENT EXCLUSIVE:
President Donald Trump abruptly cut off trade talks with Canada on Friday over its tax targeting U.S
move plunges U.S.-Canada relations back into chaos after a period of relative calm that included a cordial G7 meeting in mid-June where
Trump and Canadian Prime Minister Mark Carney agreed to wrap up a new economic agreement within 30 days.It also came just hours after U.S
Treasury Secretary Scott Bessent struck an upbeat tone on trade, touting progress had been made with China on reviving the flow of critical
year has frequently whipsawed financial markets, and have begun to weigh on consumer spending, the bedrock of the U.S
stocks were briefly batted lower by his broadside against Canada, but the S&P 500 and Nasdaq managed to close out the week at record
Apple (AAPL.O), opens new tab, among others.The tax is 3% of the digital services revenue a firm takes in from Canadian users above $20
trading partner after Mexico, and the largest buyer of U.S exports
It bought $349.4 billion of U.S
goods last year and exported $412.7 billion to the U.S., according to U.S
U.S.-Canadian dispute in a CNBC interview, saying U.S
retaliation in the amount of harm to U.S
firms, which he said was roughly $2 billion.The U.S
1 Labor Day holiday, citing talks with 18 top trade partners and another revision to a deal with China to reopen the flow of rare earth
minerals and magnets.After a week where tariffs took a back seat to the U.S
If we can ink 10 or 12 of the important 18, there are another important 20 relationships, then I think we could have trade wrapped up by
Chinese rare earth minerals and magnets to the U.S., further modifying a deal reached in May in Geneva.As part of its retaliation against
tariffs, China suspended exports of a wide range of critical minerals and magnets, upending supply chains central to automakers, aerospace
manufacturers, semiconductor companies and military contractors around the world.During U.S.-China talks in May in Geneva, Beijing committed
to removing the measures imposed since April 2, but those critical materials were not moving as fast as agreed, Bessent said, so the U.S
firms that had received them previously on a regular basis
He later said that the U.S
countries have confirmed details on the framework of implementing the Geneva trade talks consensus
It said China will approve export applications of controlled items in accordance with the law
It did not mention rare earths.Trump administration officials also held trade talks on Friday with India and Japan, two other countries in
