S&P 500, Nasdaq touch record highs after tame inflation data
A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange (NYSE). REUTERS/Andrew Kelly/File Photo
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With the July 9 deadline for 'Liberation Day' tariffs nearing, US President Donald Trump said on Friday that Washington would inform countries 'what they have to pay' to do business with America 'over the next week and a half or so'. His remarks came hours after Treasury Secretary Scott Bessent suggested trade talks could continue to September. Trump also directed a new salvo at Canada, announcing an immediate halt to trade talks in retaliation for Ottawa's plan to introduce a digital trade tax that could largely target American tech firms. 'At a certain point, over the next week and a half or so, or maybe before, we're going to send out a letter. We talked to many other countries, and we are just going to tell them what they have to pay to do business in the United States. And it's going to go very quickly,' Trump told reporters. He said he sent the letter because Washington has '200 countries' to negotiate with and the administration 'can't do that'. Trump indicated he expected agreements with China and India soon.
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The Standard
9 hours ago
- The Standard
S&P 500, Nasdaq touch record highs after tame inflation data
A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange (NYSE). REUTERS/Andrew Kelly/File Photo
