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
Strength of the ways negotiations and the data reported on friday. That there is the expectation it will be hiking the key rate, the exit away from negative policy settings. What does it mean for purchase of etfs, that will be another question out of that session or out of that meeting, but here is the outlook we have in the session so far today. Japanese yen holding steady, but still weak around the 149 marker , and equities, you are continuing to see this place higher even though the definition boj has been something that has propelled japanese stocks. There are a lot in the market saying there are plenty of other factors and that is why investors were continue pilot into the market. Nikkei225 just one fraction under the 39,000 mark. Number economics, one of the economist highlighting perhaps the boj is not ready to like can they want to see more data to affirm their belief that we are starting to see strength in the japanese economy. Lets take a quick look at how korea is starting t
The real departure point for normalization is july but later prayed the fed will be slow to lower Interest Rates. We are seeing the market fundamentally reassess the outlook for fed cuts for this year. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. The first message i received in the commercial break, im going back to bed. Which i had a feeling some people would have that feeling. And massive week ahead. A recipe for a big week. Nvidia, the investors conference later this morning and a sprinkle of Central Bank Decisions. I cant get past this, capitalism will eat itself and all these interesting things. Becoming more dependent on the state for handouts. Lisa this is the reason why some of these big structural changes matter. The fed and the boj, the Central Bank Decisions are they losing the plot, are they losing the narrative, are they losing the economic trajectory being transformed by other factors including some technological shifts that wi
What do we have to reassess. Jenny was talking about how she was wrong with respect to what the rate was and people are as reassessing what it means. Jonathan let us talk about what happened to the house. The tiktok built breezes through the house and then senators line up to say slow down and we take our time in the senate. This could drag on and on. It can. And you look at the hawks like Lindsey Graham, he was on fox and said it was a good question about how he was gonna vote and he said eileen yes that his concern and he is coming in line where the former president is and that is potentially why he feels that way he is concerned if tiktok is not there where did those individuals go and it is the facebook player, the potential google, x, twitter. And the bottom line is and i am astonished to see yesterday the bipartisan support for passing but also the nos. Marjorie Taylor Greene lighting up with alexandria ocasiocortez, it is not every day. Lisa im curious about this push because of
Surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan its like the weekend never happened. Monday morning this is what everyone is feeling. Horrendous. Lisa theres no reason to do daylight savings prayed its improvement to be incorrect and does not have any Energy Savings prayed people want the romance of a long winter, summer vacations, long summer evenings and barbecues. Jonathan you knew out of everything this a be the one thing the wind you up. Not markets, not cpi. Lisa dont you feel the same . Jonathan lets get your week started. Good morning, good morning. You futures negative by. 1 on the s p 500 braided good news is good news. How about no news is good news. Last week was a no news week. The absence of blowout numbers last week i think that is where its at. Lisa it should be good news and it was good news for the bond market prayed is a good news for the duration of a stock market rally thats showing some signs of maybe the leadership getting tired a