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Stock markets are cautious about China and the United States, as a rally after 90-day trade war news, some stakeholders remain careful about the Canadian economy and consumers.
“The Canadian industry has become difficult with this trade war … This time is a good news for global trade, in this time,” said Canada Chamber of Commerce, a statement for global news.
“In connection with the details of any recent agreement, we will watch the Chinese-US discussion closely.”
In the statement, the Canadian Retail Council also welcomes the development of the group, but we do not create champagne. “
“30% of the United States has continued to apply itself, not only American enterprises and consumers, but also to global supply chains,” he said.
What has changed in the trade war?
The United States has agreed to reduce the 145 percent of the 145 percent of Chinese goods to 30 percent, and China agreed to reduce the same amount of US goods to 10 percent.
Trump called the trading ad “a total of a reset with China” on Monday.
Since 145 percent of the tariffs were applied for a short time It is very difficult to work normally by reducing alternatives or shipments that are very difficult for businesses.
News Follow the weekend developments Officials from China and the United States met in Geneva.
“This weekend, the consensus of both delegates does not want to open a way,” he said. US Treasury Secretary Bessent.
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“We want more balanced trade and think that both sides are eager to achieve this.”
The feeling of optimism in the trade war makes potential The world-green stock exchanges were sent in Canada, There is a focus.
“This should not be confused in December 2024, in December 2024,” Economic Professor Peter tomorrow at the University of Toronto.
“We need to think that ‘things are not as bad as perhaps a month ago.'”
How much progress has really been made?
Despite the relief in the stock exchanges, long-term outlook is still unpredictable.
Investors who purchased shares in Wall Street and other markets on Monday, if Trump wants to negotiate on tariffs, maybe the economy may not enter a decay After all.
“Tomorrow, he still remains many uncertainty. “
“We have seen the tariff levels increase in the last few months. And in some sense, we postpone the uncertainty within 90 days.”
What can we say in Canada?
There were concerns raised by economists and enterprises where US Chinese companies can lead Chinese companies To raise their pricesAffects the price of goods sent to Canada.
Especially so with dollar stores.
For Canadian consumers are also potential ripple effects, Some goods that can pay higher prices and are uncertain about what the next happens.
This development can also increase the questions about the Trump that Trump wants to negotiate on tariffs, and Prime Minister Mark Carney is also looking for an agreement with the US government to reduce tariffs in Canada.
“I think that he sees this as a direction of the troubleshooting of some difficulties in which he (CARNEY) realizes some problems in them.”
“CARNEY, Kozamaz asked the ramp … A political ‘victory’ and want to announce an agreement that does not change. But you can get away with minimal damage to Trump.”
Meanwhile, the United States and China are still in the trade war, but the tariffs have decreased by more than 90 days.
The situation between Canada and the United States has not changed yet, both countries apply a 25 percent tariff with products that are not all imported CUMM (Canada US Mexico Agreement) Additional tasks for aluminum and steel products and smaller congregations for energy imports
Although Carney said that these tariffs want to see that they were removed as soon as possible, Canadian enterprises still say they need comfort.
“We recommend the new Canadian government in Washington, but we recognize that the settlement of the Canadian-USA tariff dispute will be resolved in a timely manner. Meanwhile, it is damaged, “- Canadian Retail Council.
“We urge to be ready to support our extension.
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