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
Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl . ,. , slightly . Good morning, i dont think they slightly . Good morning, i dont think they can
Get to questions want to share a few updates with you President Biden signed two executive actions to restore and strengthen americas access to quality affordable healthcare specifically he directed agencies to reexamine rules and other policies that limit americans access to healthcare and consider additional actions for the Affordable Care act taking continue to provide access to lifesaving care for millions of americans as a result department of hhs will open healthcare. Gov for special enrollment. Every 15 to may 15 the administration only had ever six weeks this is double the length of time. Those without Health Insurance can sign up with Health Coverage too little or no cost the president rescinded the gag rule that prevents outputs of International Funding to provide abortion counseling referrals to receive your spending and directed hhs whether to resend under Title X Family Planning Program also built on the actions he has taken at the heart of the response to covid19. Second
Months of fruit in november exports were up 21 percent on last year rising at their fastest pace in nearly 3 years its being driven by demand for medical equipment and Electronics Due in part to Remote Working in other news voters in ghana are heading to the polls to pick their president and members of parliament the main president ial contenders are not cool for i do and the man he replaced 4 years ago John Dramani Mahama both have signed a pact saying that i accept the officially declared winner. As more from the largest polling station in ghana. What is happening right now is a security is tight in many pulling stations especially in trouble sports identified by the Election Commission and security agencies here in guyana in particular the volta region as well as other trouble spots thousands of them that have been identified right now the situation is such that if a water comes he or she will queue up and the security are here to maintain peace law and order the of servants of chur
Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury