Canada announced retaliatory tariffs on US products starting September 8 in response to protectionist measures.
Canadian Prime Minister Mark Carney announced that his country will impose reciprocal tariffs on US products. The measures will enter into force starting September 8, Carney said.
According to the official, the levies will respond "dollar for dollar" to the tariffs applied by Washington. The decision marks an intensification in the trade dispute between the two nations.
The Mexican peso appreciated to 16.95 pesos per dollar on Wednesday, breaking through the 17 barrier and reaching its strongest level since June 2024.
Christine Lagarde warned that the three pillars supporting Europe's post-war economic growth are weakening due to shifts in global trade, Chinese competition and geopolitical tensions.
Government borrowing costs in major economies rose to levels unseen in decades after a ceasefire between the US and Iran ended without agreement on Monday.