Morning Economic Report 7-11-25

Economy update

Canada is once again in the crosshairs of the US President as Mr Trump feel inclined to impose 35% tariffs on goods coming from the north of the US border. It comes after he threatened Brazil with punitive excise duties of 50% despite its trade surplus with the country. Other trading partners face a blanket 15-20% rates whilst tariffs on the EU will be announced soon. No wonder stocks are on the retreat, whilst bitcoin scales its recent peak. The dollar is under a slight pressure.