U.S. Tariff Hits Global Markets

This is a Canada news story, published by financialpost, that relates primarily to Mark Carney news.

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Business

Business & Economics

Posthaste: The day after Trump's tariffs, 'everyone’s sinking, but the U.S. is going under first'

Summary

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73% Informative

The U.S. announced it will impose a 10 per cent tariff on all countries, with some facing even higher rates, including 34 per cent for China .

Canada remains under the tariffs Trump had already imposed but was not subject to this latest round.

Canada 's PM Mark Carney warned yesterday that Trump ’s tariffs would “fundamentally change the international trading system”.

Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg . Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com. - Why the worst could be over for the Canadian dollar - Canadians might be best weapon against Trump 's tariffs Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here.

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Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful