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The U.S. dollar rose on Friday, fuelled by upheavals on the global trade landscape, as U.S. President Donald Trump announced more import tariffs, ranging from 35% on neighbouring Canada to plans for blanket levies of 15% or 20% on most trading partners.
Here are the top stories to read ahead of Friday's trading:
Trump also threatened blanket tariffs of 15% or 20% on most trade partners, and said he will soon announce new tariffs on the EU.
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Global stocks fell on Friday after U.S. President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like gold,
Latest news and live updates as Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.
Trump is ramping up his global trade war, threatening to put a massive 35% tariff on Canadian goods in just a few weeks. Meanwhile the U.S. resumes sending weapons to Ukraine as Trump says he has a "major statement" on Russia coming soon.
Atlanta, Georgia — Pillows filled and sealed for a good night's sleep at the Atlanta warehouse of home bedding company Standard Fiber are one of many things giving its CEO, Chad Altbaier, nightmares. "Planning is practically impossible," Altbaier told CBS News. "Probably the most challenging time of my career."
In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."