The U.S. and Canada exchange blows over tariffs

US President Donald Trump at the White House on March 11, 2025.
Kevin Lamark Reuters
CNBC will host “Convert Live”, a leadership event for the opening thought from 12 to 13 March 2025, in Singapore, where global business leaders, businessmen, investors and major decision makers will discuss innovation and growth through cooperation and participation of ideas through industries.
Viewers can see the direct broadcast of the event and listen from the speakers including Deputy Prime Minister of Singapore Kim Yong Gan, President of the Albaba Joe Tsey Group, founder of Bridgers Associated Ray Dalio, CEO of SalesForce, President, and co -founder Marc Benioff and others here.
The White House was involved in a hot tariff – but briefly with Canada, and the fees were doubled on steel imports in the northern neighbor and aluminum to 50 % at one point. This was in response to Prime Minister Ontario Doug Ford, saying that he would impose additional 25 % fees on electricity exports to the United States
But the cold heads prevailed, and the trade war was temporarily suspended. Despite the decision, investors were unstable due to the constant definition of customs tariffs and selling shares, which led to a decrease in the S&P 500 to a correction area during the trading session.
What you need to know today
The most prominent in CNBC’s Convert Live
CNBC hosts Converge directly In Singapore on Wednesday and Thursday. The most prominent event so far includes the founder of Bridgeter Ray Dalio tells Sarah Eisen from CNBC in Singapore American debt problems It can have “horrific developments” on the global economy; The head of the alibaba group Joe Tsai says that people “reduce the importance” of importance Chinese President Xi Jinping meeting with entrepreneurs Last month; And the director of the Pimco Asia and Pacific Management, Alec Kirsman The risk of American recession increased Because of the definitions. Follow the direct work here.
The market segment lasts down
Tuesday, S & P 500 Slipped 0.76 %, and it was 10 % less than his record closes at its lowest level During the trading session. the Dow Jon’s industrial average Loss 1.14 % and Nasdak It was a decrease of 0.18 %. Asia and Pacific markets were traded on Wednesday. Japan Nikki 225 About 0.07 % of a cup Nissan engine It rose 0.6 % on the news that CEO Makoto Ouction will step down from his position On April 1. The Chinese CSI 300 fell 0.35 % in the middle Climbing On government bonds for 10 and 30 years in the country.
American CPI expectations
The US consumer price index for February, on Wednesday, is expected to appear on Wednesday, an increase of 0.3 % for a wide range of goods and services. This projection is both to measure the comprehensive and the basic index that excludes the prices of volatile food and energy. On an annual basis, it would put Main inflation by 2.9 % and basic reading by 3.2 %They are both 0.1 Celsius less than in January.
Trading criticism
US President Donald Trump 25 % on steel and aluminum imports It entered into force on Wednesday, which prompted a response from the European Union, which he said would be imposed Anti -26 billion euros((28.33 billion dollars) is worth the American goods starting in April. On Tuesday, Trump retreated plans to lift A tariff on Canadian and aluminum steel imports To 50 % after Canada hung the plan 25 % additional fees for electricity exports to the United States
Ukraine will agree to a ceasefire if Russia accepts
On Tuesday, Ukraine agreed to a 30 -day immediate ceasefire The officials said that negotiating by the United States if Russia accepted the plan. As part of the plan, the United States immediately raised its pause to the participation of intelligence and resumed security assistance with Ukraine, which Russia invaded more than three years ago. “Ukraine is ready to start talking and stop shooting,” said Foreign Minister Marco Rubio in Jeddah, Saudi Arabia.
[PRO] S&P 500 is closed below the main level
The sale of this week pushed S&P 500 less than the main technical level, concerning that there is a continuous contraction that might climb. This is why market technicians believe this step Cap more bullish trend in 2025Which is likely to be defined by taking volatile side measures after running the bull in the past two years.
Finally …
Anthony Quan Getty Images News | Gety pictures
Deepseek Ai Dranks open Spigots on Chinese investment capital
Deepseek was released in late January, just as Insilico, a drug detection company in the field of artificial intelligence, has placed the final touches on a $ 110 million financing round led by Hong Kong -based Value Partners, and said Startup CEO and its founder Alex Chavornkov CNBC in an exclusive interview.
Several Chinese funds wanted to participate in Insilico financing at the last minute – “like ice collapse” – that the company plans for the “E2” series, Zhavoronkov said: “Like the collapse” – that the company plans for the “E2” series.
“It seems that the moment of Depsic has created a lot of attention from global investors to invest in China,” said Monday. “I think the financing will return.”
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2025-03-12 07:30:00