Trump Suspends Tariffs on Canada, Stock Market and Futures Trends Stall
2026-08-19 18:18:14
According to CoinMeta, on Wednesday, the U.S. stock market continued to decline after Trump suspended tariffs on Canadian goods. Futures of the Dow Jones Industrial Average and the S&P 500 index were close to flat, while contracts of the Nasdaq 100 index rose slightly. Wall Street is experiencing a losing week due to rising bond yields and oil prices, and the selling of tech stocks on Tuesday exacerbated this trend. The declines in Asian markets also did not provide any relief; Japan's Nikkei index fell by 3%, and South Korea's KOSPI index fell by 5%. Trump announced on social media that he had suspended 50% of tariffs on Canada for three days based on an agreement reached between Canada and the United States. Although experts say the economic impact of these tariffs is limited, they represent an important signal for the upcoming trade negotiations between the U.S., Mexico, and Canada. Investors will receive the minutes of the Federal Reserve's July meeting later on Tuesday, which are expected to provide insights into inflation, policy, and other key economic data. The financial reports of Target, Lowe, and TJX companies will also offer insights into consumer trends during spring and summer.
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Source:Internet
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