UNCERTAINTY IN GLOBAL TRADE [WTO] 🌎🌏🏛️💸💰
The Prime Minister of Canada 🇨🇦, Justin Trudeau, announced that the country will impose a 25% tariff on American products 🇺🇲 worth 155 billion 💸 Canadian dollars 🇨🇦 (approximately 107 💰 billion US dollars), starting Tuesday. This measure is a retaliation against the tariffs proposed by the administration of US President 🇺🇲 Donald Trump on Canadian products 🇨🇦. The decision increased volatility in global financial markets 🌎, with the SPDR S&P 500 ETF Trust (SPY) registering a decline of 1.71%, closing at 583.77 USD 💰. The iShares MSCI Canada ETF (EWC) also suffered depreciation 💸, reflecting investors' 💰 concerns over the escalation of trade tensions 🚢. The situation remains tense, with the international community closely monitoring developments and their global economic impacts 🌐.
