Canada, Donald Trump and Tariff
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Suppliers to Walmart have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump's threat of a 35% tariff on the textile hub disrupts business.
A day after President Trump announced a new 35 percent tariff on Canadian goods beginning next month, Prime Minister Mark Carney said Canada had made “vital progress” towards stopping fentanyl.
A 200% tariff rate — even with a delay — will have a detrimental effect on drug prices and profit margins, analysts warn.
President Trump says Brazil’s former right-wing leader, President Bolsonaro, who is standing trial in Brazil for allegedly plotting to assassinate his left-wing successor, is an honest man. Mr. Trump is threatening Brazil with a 50 percent tariff due to Mr.
President Trump defended former President of Brazil Jair Bolsonaro in his threats to hit Brazil with a 50% tariff. Brazil's current President Luiz Inacio Lula da Silva said his country will respond with reciprocity.
Emerging market currencies extended declines on Wednesday as investors mulled the implications of US President Donald Trump’s trade regime, while weak Chinese price data also weighed on sentiment.