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Stocks, dollar drop as tariff talk dominates

  • Donald Trump announced he could begin sending tariff letters to countries starting Friday.
  • China will impose 'anti-dumping' taxes of up to 34.9 percent on cognac and other brandy from the European Union starting Saturday.
  • Concerns about potential tariffs on countries like Japan, South Korea, India, and Taiwan are raising worries about the global economy.
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The West’s stock markets fall due to new trade tensions after Donald Trump announced that he will send letters to the countries, indicating what will be the tariff he has decided to set unilaterally. Rates will range between 10% and 70% and will enter into force from next August 1. The global shares grouped in the MSCI World index register a contraction of 0.1%, while the MSCI ACWI that includes the emerging ones recedes 0.09%. In Europe, the Ib…

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Stocks, dollar drop as tariff talk dominates

Stock markets mostly fell alongside a retreating dollar Friday as international tensions over tariffs dominated sentiment.

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The Globe & Mail broke the news in Canada on Friday, July 4, 2025.
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