All articles tagged with #us canada tariffs
The US-Canada tariff dispute worsens as Canada plans 25%–50% tariffs on about 900 US goods, including toilet paper, retaliating for US tariffs; the US also targets Canadian liquor, dairy, and autos. The conflict highlights deep economic links and could push up prices on everyday items, though officials insist consumer impact will be limited.
U.S. stocks rose with the Dow, S&P 500 and Nasdaq posting gains as traders priced in escalating US-Canada trade tensions while awaiting Nvidia’s quarterly results. Nvidia gained about 2% ahead of its report, helping the tech-heavy Nasdaq, while Dick’s Sporting Goods slid roughly 30% after missing estimates and cutting guidance. Bitcoin briefly vaulted above $80,000 amid dollar-risk headlines and broader risk-on sentiment, while gold and other assets also moved as data suggested softer housing and consumer confidence ahead of upcoming Jackson Hole commentary from Fed officials.
The U.S. escalates pressure on allies and adversaries with 50% tariffs on Canada after failed talks and prepares sweeping Iran sanctions, while longer-dated Treasuries push yields higher; Anthropic flags AI and data-center backlash as it pursues an IPO, and Meta faces a potentially transformative trial that could reshape social media.