President Donald Trump said Sunday that Americans could feel some pain from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would cease to exist without its trade surplus with the United States.
Canadas prime minister and Mexicos president ordered retaliatory tariffs on goods from the U.S., following through with their threats after U.S. Donald Trump sparked a trade war by imposing sweeping tariffs on imports from Canada, Mexico and China.
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take necessary countermeasures.
Canada anticipates hefty tariffs by President Trump to potentially not take effect Tuesday, but Ambassador Kirsten Hillman said Canadians expected their government to firmly defend their interests in any trade disputes with the U.S.
President Trump reiterated his call for Canada to become the 51st US state, increasing tensions by suggesting this would result in lower taxes, better military protection, and elimination of tariffs. He argued that the US heavily subsidises Canada and without this support, Canada would struggle to remain a viable country.
Political uncertainty looms in France as Prime Minister Francois Bayrou plans to use special executive powers to pass the budget without a parliamentary vote, possibly triggering a no-confidence motion. Disagreements over budget and social security changes have deepened tensions in the National Assembly, risking Bayrou's downfall.
US President Trump's tariffs on Canada, Mexico, and China aim to close a loophole that allowed duty-free imports of small packages under $800, targeting especially Chinese e-commerce retailers. This move will impact companies like Alibaba and Shein, which heavily relied on the de minimis exemption to ship goods directly to US consumers.
U.S. President Donald Trump has imposed new tariffs on imports from Mexico, Canada, and China. These tariffs particularly impact the automotive industry, with major brands like Volkswagen, GM, and Toyota affected due to their significant exports to the U.S. The move is aimed at curbing fentanyl flow and illegal immigration from these countries.
Budget 2025-26 boosts consumption with major tax reforms, increasing disposable income while maintaining strong capital expenditure. Fiscal deficit reduction to 4.4% in FY26 may enable an RBI rate cut. Rural and agriculture sectors receive key support, benefiting Retail, Auto, FMCG, and BFSI. Market outlook remains positive, favoring discretionary spending and credit growth.
