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Canada posts surprise trade deficit in February
Canada trade deficit for February was at C$1.52 billionTotal exports in February dropped by 5.5% to C$70.11 billionFebruary exports were second highest since May 2022Imports rose by 0.88% to C$71.63 billion in FebruaryBy Promit MukherjeeOTTAWA, April 3 (Reuters) - Canada unexpectedly swung into a tr...Reuters
Thu, Apr 3
Trade war may cut Czech GDP growth by 0.6-0.7 pct point this year, minister says
PRAGUE, April 3 (Reuters) - A trade war started by the imposition of U.S. tariffs on imports may cut Czech economic growth by 0.6-0.7 percentage point this year, Czech Finance Minister Zdenek Stanjura said on Thursday."The trade war which (U.S. President) Donald Trump initiates by his steps is a...Reuters
Thu, Apr 3
India says studying impact of 27% US tariff, vows to push trade deal
India's non-tariff barriers hurt US exports, White House saysIndia says studying impact of tariff and likely opportunitiesNew Delhi vows to push ongoing talks for 2025 trade deal with USUS move could push India towards other trade blocs, expert saysIndian markets largely unperturbed, recover aft...Reuters
Thu, Apr 3
US service sector growth nearly brakes in March
Services PMI falls to nine-month low in MarchInput prices still elevated; services employment shrinksBy Lucia Mutikani WASHINGTON, April 3 (Reuters) - The U.S. services sector slowed to a nine-month low in March,backing expectations that economic growth likely braked sharply in the first quarter ...Reuters
Thu, Apr 3
Countries need to allow in more US products to bring down tariffs, Lutnick says
By David LawderWASHINGTON, April 3 (Reuters) - The Trump administration is talking to all major trading partners throughout the world about ways to bring down President Donald Trump's new tariffs, Commerce Secretary Howard Lutnick said on Thursday, adding that they will have to change their rule...Reuters
Thu, Apr 3
US big banks slump on Trump's tariff announcement
** Shares of big U.S. banks fall in early trading after President Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries ** The tariffs appeared to target about 60 countries - base 10% tariffs go into effect on April ...Reuters
Thu, Apr 3
US trade deficit narrows in February
WASHINGTON, April 3 (Reuters) - The U.S. trade deficit narrowed in February, but the level of imports remained elevated after businesses front-loaded goods to avoid higher prices from tariffs, keeping trade on track to be a drag on economic growth in the first quarter.The trade gap contracted 6.1% t...Reuters
Thu, Apr 3
Canada's services PMI tumbles to near 5-year low on tariff concerns
By Fergal Smith TORONTO, April 3 (Reuters) - The downturn in Canada's services economy deepened in March as U.S. tariffs and the start of a general election campaign led to an increase in economic uncertainty that cut client spending, S&P Global's Canada services PMI data showed on Th...Reuters
Thu, Apr 3
Southeast Asian nations, among hardest-hit by Trump tariffs, seek talks
Six Southeast Asian nations hit with tariffs between 32% and 49%Vietnam's exports to US account for almost 30% of GDP Thailand hopeful that talks will bring down its 37% tariffs So far, none have said they plan retaliatory tariffsBy Francesco Guarascio and Orathai Sriring HANOI/BANGKOK, April...Reuters
Thu, Apr 3
QUOTES-Executives, trade and labour associations on Trump's reciprocal tariffs
April 3 (Reuters) - U.S. President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Here are latest rea...Reuters
Thu, Apr 3
Poland wants to spend 5% of GDP on defence in 2026, minister says
WARSAW, April 3 (Reuters) - Poland wants to spend 5% of gross domestic product (GDP) on defence in 2026, Defence Minister Wladyslaw Kosiniak-Kamysz said on Thursday after a European Union defence ministers meeting in Warsaw.Galvanised by Russia's invasion of neighbouring Ukraine three years ago,...Reuters
Thu, Apr 3
