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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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Tech Stocks Rally as Powell Reinforces Fed Caution



US stocks surged today, with technology companies leading the way. Investors closely followed Federal Reserve Chair Jerome Powell’s testimony, where he reiterated that interest rate cuts are still likely this year. Here are the key highlights:

  1. Tech Rebound: The tech-heavy Nasdaq Composite (NASDAQ: IXIC) bounced back by about 1% after a sharp slide in stocks on Tuesday. Investors welcomed this recovery.

  2. Powell’s Stance: Powell’s prepared testimony indicated that rate cuts are likely to be warranted “at some point” in 2024. Investors eagerly await further clarity during his two-day testimony before Congress.

  3. Individual Stocks: CrowdStrike (NASDAQ: CRWD) shares continued their post-earnings rally, surging over 18%. The cybersecurity company’s positive outlook signaled robust demand in the sector. Other cybersecurity stocks, including Zscaler (NASDAQ: ZS), also gained.

  4. Goldman Sachs’ Outlook: Economists at Goldman Sachs predict that 2024 will be the year of rate cuts globally. Central banks in developed markets are expected to cut rates for at least three consecutive meetings, starting in June.

In summary, Powell’s cautious stance and positive economic data have contributed to today’s market rally. Investors remain attentive to any deviations from the Fed’s message regarding interest rates. As we navigate these uncertain times, tech stocks continue to play a pivotal role in shaping market sentiment.


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