US stocks fall as Trump ramps up tariff threats
Business
NEW YORK: European and US stock markets retreated Friday (Jul 11) as US President Donald Trump ramped up his trade offensive, threatening a 35 per cent levy on Canada. Trump dampened earlier optimism by firing off more than 20 letters to governments outlining new tariffs if agreements are not reached by Aug 1. Bitcoin, meanwhile, pushed on with its climb, reaching an all-time high above US$118,000. The dollar was higher against its main rivals, and oil prices gained. In Europe, where investors
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