From china. This is on top of the most favoured nation tariff of 6. 1 already slapped onto chinese produced evs that are imported into canada. Now, the government also intends to apply a 25 tariff on imports of steel and aluminium products from china. Canadas finance minister, chrystia freeland, says these measures were about protecting domestic producers. The reality is china has an intentional state directed policy of overcapacity and oversupply, designed designed to cripple our own industries. Talk to the steel sector. Talk to the aluminium sector to understand how effective that has already been. We simply will not allow that to happen to our ev sector. The auto tariffs bring canada in line with its southern neighbour. The us introduced 100 tariffs on chinese made evs in may whilst the eu is also imposing higher tariffs. It comes after Us National Security advisorjake sullivan, whos en route to beijing, touted the need for a united front on tariffs when he met Withjustin Trudeau an
Question though they really werent we were incredibly disappointing if today they said at eight oclock, its a new t shirt. It today they said at eight oclock, its a new tshirt. Today they said at eight oclock, its a new tshirt. It was expected. The only question its a new tshirt. It was expected. The only question was its a new tshirt. It was expected. The only question was where its a new tshirt. It was expected. The only question was where they. The only question was where they were playing and for how long. There was chat about them doing ten wembley dates, more than the eight taylor swift did. Of course those things have to be booked a very long time in advance. Its ending up they are doing four wembley dates, four in manchester, a couple in cardiff, edinburgh, a couple, and also a couple in dublin. And then thats it, they are not going to europe. So i imagine there will be a lot of people that want to go. I imagine there will be a lot of people that want to go. There will be a lot
So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
And we lead the program with another record day for new cases of covert 1000 in the United States. The nation reported more than 153000 new cases. Thursday, as the u. S. Has now eclipsed more than 10500000. 00 total cases. Since the pandemic hit its shores, california on thursday joined texas as the only states to have surpassed 1000000. 00 cases of the coronavirus at this point. So lets go ahead and we go time and check in on the trends and spread of the virus globally with our chief correspondent cya tab. And where are we friday . Brian . , youre exactly right. It hasnt just been the u. S. , but the world as a whole has suffered the worst day of the pandemic. So far, almost 12000 people died and more than 666000, new cases were reported just in the last 24 hours. And then the u. S. , like you mentioned, once again bro, another record for new cases, more than 160000 new cases. And for the 10th, straight day in a row, more than 100000, new cases have been alex every single day and new