A Canadian flag and a toque hat are displayed in a downtown Union Mercado convenience store on March 3, 2025 in Toronto, Canada.Katherine Ky Cheng | Getty Images News | Getty ImagesCanada will impose 25% tariffs on C$155 billion ($107 billion) worth of U.S. goods from Tuesday if U.S. President Donald Trump’s administration follows through with its proposed tariffs on Canadian goods, Prime Minister Justin Trudeau said on Monday.Canada will slap 25% tariffs on C$30 billion worth of U.S. goods from Tuesday, while tariffs on the remaining C$125 billion of products will come into effect in 21 days, Trudeau said…
Author: usaeverydaylife
When Deborah Lipstadt was appointed the Biden administration’s special envoy to fight antisemitism abroad, she started by visiting Saudi Arabia and the United Arab Emirates for what she described as encouraging exchanges with leaders of the two Muslim nations.Her hope was that Gulf leaders could use their voices to help stem antisemitism among Muslims around the world.“It was all very promising,” said Dr. Lipstadt, who was a historian and scholar of antisemitism and genocide before she took on the role, with the rank of ambassador in 2022. “I think there was a real conversation going on.”Then came the Hamas-led attack…
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | ReutersSaudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023.The company said its base dividend for the fourth quarter of 2024 would be $21.1 billion, but its performance-linked payout would be just $0.2 billion. This compares to a third-quarter base dividend of $20.3 billion and a performance-linked dividend of $10.8 billion.Lower oil prices hit the company’s net profit…
European markets are heading for a negative open on Tuesday as U.S. President Donald Trump’s 25% import tariffs on Mexican and Canadian goods, and additional tariffs on China, are expected to go into effect later in the day.The U.K.’s FTSE 100 index is expected to open 42 points lower at 8,833, Germany’s DAX down 155 points at 22,982, France’s CAC 48 points lower at 8,165 and Italy’s FTSE MIB 346 points lower at 38,789, according to data from IG.The prospect of tariffs has rattled investors amid concerns that they will reignite inflation in the U.S. and escalate a global trade war.On…
In the weeks since President Trump signed an executive order dismantling the U.S. Agency for International Development, Andrea Minaj Casablanca’s phone has been inundated with desperate pleas for help.A counselor who works with nonprofits catering to members of Uganda’s embattled L.G.B.T.Q. population, she has fielded urgent requests from people seeking H.I.V. medications, therapy sessions and shelter in the wake of Mr. Trump’s executive order. Ms. Casablanca responded to these calls while grappling with her own crisis: being fired from a job that was funded by U.S.A.I.D.“Our whole world has been turned upside down,” Ms. Casablanca, a 25-year-old transgender woman, said…
A packet of antibiotics and various other medicines lie on a table in a pharmacy.Picture Alliance | Picture Alliance | Getty ImagesEurope’s pharmaceutical firms are rushing to prepare for the potential fallout of U.S. import duties, with some forming “tariff taskforces,” even as analysts warn that levies on the sector could break global trade rules.Fresenius Medical Care says that it has installed its first-ever “tariff taskforce” to manage uncertainty surrounding U.S. President Donald Trump’s proposed trade charges, with some production likely to be directly impacted.”Clearly we’re looking at what happens to the tariffs in Europe and what also happens to…
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012.Tomohiro Ohsumi | Bloomberg | Getty ImagesAsian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned.Trump said the U.S. would impose 25% tariffs on goods imported from Canada and Mexico, adding that there was “no room left for Mexico or for Canada” to negotiate an alternative to the tariffs. Trump also said he would impose an additional 10% tariff on imports from China, having already levied 10% duties that came into…
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, on Nov. 26, 2024.Victor J. Blue | Bloomberg | Getty ImagesTarget will report fiscal fourth-quarter earnings on Tuesday and show investors whether it is driving more full-price sales of discretionary merchandise, which has long been the retailer’s primary money maker. Here’s what analysts are expecting from the big-box store, according to consensus estimates from LSEG:Earnings per share: $2.26Revenue: $30.8 billionTarget is expected to report a decline in earnings after the company raised its fourth-quarter sales forecast in January but left its profit outlook unchanged after cutting it in…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyThe ‘Fast Money’ traders talk the impact of tariffs on the market and the implication of upcoming jobs data.04:53Mon, Mar 3 20255:17 PM EST Source link
European equities broadly outperformed their U.S. counterparts in February, the first full trading month since Donald Trump returned to office. Source link
