Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- United States President Donald Trump announced plans to place 25 per cent tariffs on all auto imports beginning next week. The White House expects to raise US$100 billion in annual revenue from the trade action while encouraging more domestic manufacturing, although automakers with global operations warn the tariffs will create unnecessary burdens on supply chains and raise costs to consumers.
- In more trade news, Trump also threatened increased tariffs “far larger than currently planned” if Canada and the European Union work together “to do economic harm to the USA.”
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- S. grain and oilseed markets were mixed Thursday morning, with positioning ahead of next week’s acreage estimates from the U.S. Department of Agriculture behind some of the activity. Soyoil was sharply higher pulling beans up as well. Meanwhile, corn and wheat were only trading within a few cents of unchanged.
- European farmers are well underway seeding their spring crops, with mild March weather helping producers make a good start this year, according to reports out of the region. France’s spring barley planting has already wrapped up, with corn to start within the next week. In Germany, reasonably favourable winter weather led to less winter kill than normal, reducing the need for replanting with spring crops. Swedish analysts estimated the spring wheat and barley was about 90 per cent seeded.
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