US Treasury Secretary Bessent says European retaliation would be "very unwise"
The statement from US Treasury Secretary Bessent indicates rising tensions in US-EU trade relations, suggesting that any potential European retaliation would not be in the best interest of either party.
Israeli PM Netanyahu says if Iran attacks Israel, they will respond forcefully
US President Trump won't say if he would or wouldn't use force to seize Greenland, NBC reports
US Treasury Secretary Bessent says European retaliation would be "very unwise"
BoC Q4 Canadian Survey of Consumer Expectations: Concerns over high prices and economic uncertainty related to the trade conflict continue to have a negative impact on consumers
BoC Q4 Business Outlook Survey: Business sentiment is subdued but remains above its survey low from Q2 2025
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This could signal a diplomatic push to de-escalate existing trade frictions; however, escalating rhetoric may still impact market sentiment, particularly in sectors sensitive to trade policies. Traders should monitor related assets such as EUR/USD and commodities that are affected by trade dynamics.
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