Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– China announced Friday it’s raising its tariffs on imports of United States goods from 84 per cent to 125 per cent effective Saturday. The move was done in retaliation of U.S. President Donald Trump increasing levies on Chinese goods to 145 per cent this week. Markets reacted negatively this morning to the new levies while the U.S. Dollar Index fell below 100 points. A spokesperson for China’s Finance Ministry said the U.S. will “become a joke in the history of the world economy” and China will “fight until the end.” China’s Commerce Ministry said it will file another lawsuit with the World Trade Organization over the new tariffs.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian…
– Trump took to social media to threaten Mexico with sanctions on Thursday over a water treaty signed in 1944 between the two countries. The treaty outlines that Mexico must send 1.75 million acre-feet of water to the U.S. from the Rio Grande every five years. The current five-year cycle ends in October, but Mexico has only sent 30 per cent of the water so far, claiming climate change as the main culprit. The water debt may roll over into the next five-year cycle if needed.
– The U.S. Labor Department reported a 0.4 per cent drop in the producer price index in March, its first monthly decline since October 2023. Producer prices rose 2.7 per cent compared with a year earlier, lower than the 3.3 per cent forecast by economists. Core wholesale inflation, which excludes food and energy prices, dipped 0.1 per cent from February, its first drop since July. On Thursday, the department said the consumer price index rose 2.4 per cent in March for the smallest year-over-year gain since September.
– The Canadian Grain Commission reported canola exports for the week ended April 6 at 309,700 tonnes, well above the 233,000 tonnes shipped the previous week. So far this marketing year, 7.176 million tonnes of canola were exported compared to 4.072 million a year ago. Wheat exports totaled 428,100 tonnes for the week, down from 564,600 the week before. In 2024-25, 14.314 million tonnes of wheat were exported compared 14.263 million last year.
