Trump, Canada and stocks
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Late Thursday, Trump posted a letter threatening to impose 35% tariffs on goods from Canada. The barrage of letters began on Monday, setting tariffs of 25% on goods from Japan and South Korea and 50% on Brazil.
This article will be updated throughout the day, so check back often for more daily updates. He’s doing it again. Last night, President Trump widened his trade war-against-the world. After announcing 25%-plus tariffs on more than a dozen countries Tuesday,
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
To the chagrin of investors, NuScale Power ( SMR 4.32%) stock dipped lower more than 7% through the first four months of 2025, giving back a bit of the whopping 445% gain that it had logged in 2024. But then May rolled around.
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Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
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New tax provisions could help startups get acquired faster and bring bigger tax-free gains to investors.
On July 10, Trump hailed the crypto market for hitting "through the roof." Bitcoin, which had for the first time surpassed the $112,000 mark the previous day, hit a new record high of $113,833.84 within a few hours.
US stocks mostly turn up, shrug off 50% tariff on Brazil. MP Materials soars on Dept of Defense's big stake. Delta outlook lifts airlines.