Trade discussions with Canada have been terminated, with new tariffs expected within seven days due to Canada's digital services tax on US technology.
"President Trump has cancelled trade negotiations with China. He said he's quote terminating all trade discussions with Canada effective immediately because Canada imposed something called the digital services tax that would essentially be taxing technology from the United States and President Trump does not like that and he has said that he's going to be announcing new tariffs on Canada coming within the next seven days."
Stocks tend to perform well during periods of high inflation, as demonstrated between 2020 and 2022.
"stocks love inflation. It's a weird thing to say, but it's reality. Because if we take a look at 2020 to 2022 when we had that high period of inflation, stocks were loving it."
