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US President Donald Trump said he will discuss the punishing tariffs he has levied on Canada and Mexico with both countries on Monday, as markets sank on fears over the impact on the global economy.
The 25 percent duties — footed by American companies importing from Mexico and Canada — sent European and Asian stocks slumping at the open Monday.
The Mexican peso and Canadian dollar also sank against the greenback, while oil jumped despite Trump placing the levy on Canada’s energy imports at 10 percent to limit a spike in fuel prices.
Besides the US neighbors, Trump also hit China with a 10 percent tariff in addition to existing levies.
Trump told reporters after flying back to Washington Sunday evening from a weekend in Florida that he was “speaking with Prime Minister (Justin) Trudeau tomorrow morning, and I’m also speaking with Mexico tomorrow morning.”
China, Mexico and Canada are …
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