Global Markets: Trump delays EU tariffs

Global Markets: Trump delays EU tariffs

By Glen Hallick

Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.

• United States President Donald Trump announced on Sunday that he will postpone 50 per cent tariffs on goods from the European Union to July 9. The move came after Trump discussed trade matters that day with European Commission President Ursula von der Leyen.

• Following Russia’s largest aerial attack on Ukraine to date, Trump said on social media Monday that Russian President Vladimir Putin has “gone absolutely CRAZY.” However, Trump also criticized Ukrainian President Volodymyr Zelenskyy, stating “everything out of his mouth causes problems.”

• Statistics Canada reported on Monday the April crush was nearly 919,400 tonnes of canola compared to about 957,600 tonnes a year earlier. StatCan also said producer deliveries of all grains in April were almost 5.86 million tonnes compared to around 4.47 million the previous April.

• Alberta reported on Friday that overall spring planting reached 72 per cent complete as of May 20, 13 points ahead of its five-year average. The seeding of canola was 56 per cent done, spring wheat hit 87 per cent finished, and dry peas were 90 per cent in the ground.

• With the Memorial Day Holiday, the U.S. markets remained closed on Monday. Trading is scheduled to reopen at 7 p.m.

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