Trudeau slams Trump’s tariffs, says US is appeasing Putin while launching a trade war against Canada
TORONTO (AP) — Canadian Prime Minister Justin Trudeau called American tariffs “very dumb” and said that U.S. President Donald Trump is appeasing Russia while launching a trade war against Canada.
In a blunt news conference during his final days in office, Trudeau said that Canada would plaster retaliatory tariffs on more than $100 billion of American goods in response to Trump’s 25% tariffs.
Read MoreDow Jones Industrial Average sinks 550 points as tariffs kick off
- The Dow Jones lost 550 points on Tuesday, falling to 42,600.
- Trump’s new and improved trade war kicked off with new tariffs on Canada and Mexico.
- US data remains limited through the midweek as politics and policy headlines dominate.
The Dow Jones Industrial Average (DJIA) tumbled 700 points at its lowest on Tuesday as investor sentiment hits the floorboards.
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Read MoreWarren Buffett Calls Tarriffs “an Act of War”
Warren Buffett, who is a billionaire investor and the CEO of Berkshire Hathaway (BRK.B), weighed in on President Donald Trump’s tariffs. In an interview with CBS that aired on Sunday, he called tariffs “an act of war, to some degree.” Buffett said that tariffs are taxes that will essentially lead to higher prices for consumers and humorously pointed out that “The Tooth Fairy doesn’t pay ’em!” This isn’t the first time that the investor has spoken out against tariffs.
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Read More7 Best Cheap Energy Stocks to Invest in Now
In this article, we will look at the 7 Best Cheap Energy Stocks to Invest in Now.
The global energy landscape is going through a major transformation due to rapid technological advances, shifting market dynamics, and geopolitical factors. The energy sector used to make up about 15% of the broader U.S. stock market in the 1970s,
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Read MoreThe Burst
3 Stocks Champion Traders Are Betting On
Dan Zanger is a revered name among traders. His legendary story of turning $11,000 into $18,000,000 over the span of a year and a half is not one we’ve been able to corroborate but regardless his profitability has not been questioned because his approach to trading is time-tested.
What Dan does that few academic finance professors would advocate is to put most of his eggs in a very few baskets.
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Read MoreThe Ivy
If The CEO Is Loading Up, Should You?
Riddle me this. If a stock is so awful why does the CEO keep buying so much of it? That’s precisely the situation with SoFi. The share price is down an astonishing 33% year-to-date and yet the boss keeps acquiring stock at a furious pace, and Motley Fool just ranked it one of the safest banks in America.
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Read MoreThe Spotlight
Former Richest Man In World Bets $9.4 Billion On 1 Stock
Bill Gates is a household name in the software and technology industry. He co-founded Microsoft (MSFT) with Paul Allen in 1975, and the company now boasts a market cap of almost $2 trillion. While Microsoft offers hardware and services, it is best known for its software products, including the ubiquitous Microsoft Windows operating system (OS).
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