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11 Mar 2025

US White House Press Secretary Leavitt: We're in a period of economic transition

White House Press Secretary Karoline Leavitt addressed the press from the White House on Tuesday, following up on President Donald Trump's declarations of setting additional tariffs on Canada, to begin as soon as Wednesday. Press Secretary Leavitt's commentary covered a range of Trump's planned activities and statements, but fell short of declaring anything concrete.

Press Sec Leavitt wrapped up with an attempted pivot to discussing Ukraine, where firm resolutions remain equally elusive, ending discussions on a US-inspired trade war with Canada by noting that comments from Ontario Prime Minister Doug Ford hurt the Trump administration's feelings.

Key highlights

Trump will welcome NATO Secretary General on Thursday.

Stock market numbers are a snapshot of a moment in time.

We're in a period of economic transition.

Trump will be viewing a Tesla.

Trump has not yet spoken to Canada Designate PM Carney.

Doug Ford's comments were egregious and insulting.

Trump is determined to ensure the US depends on American electricity.

There are continued conversations between the US and Canada on tariffs.

Canada would be wise to not shut off electricity for Americans.

News of Rubio and Waltz meeting with Ukrainians has been positive.

Canada has always been an ally. Perhaps they are becoming a competitor now.

Mar 11, 2025

Forex Today: US inflation data gathers all the attention

There was no respite for the downside pressure in the Greenback on Tuesday, with the currency deflating to levels lasty seen in early October amid further effervescence around tariff and US recession concerns.
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Mar 11, 2025

Ontario PM Ford agrees to suspend energy levies on US after Lutnick agrees to trade talks

Ontario Prime Minister Doug Ford agreed to suspend his announced export tariffs on Ontario-produced electricity bound for the US after US Secretary of Commerce Howard Lutnick agreed to emergency trade talks with Canada.
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