US Tariffs Unsettle the Markets while the UK's May GDP Unexpectedly Contracted
Marc Chandler
July 11, 2025
Overview: The US 35% tariff on Canada and President Trump's threat to have a 15%-20% universal tariff rather than 10% provides today's disruption. A tariff letter for the EU is awaited but seeing how the US treated Canada and Brazil (with whom the US has a trade surplus) warns of the risk to Europe. That said, the full details of the tarif…
US Tariffs Unsettle the Markets while the UK's May GDP Unexpectedly Contracted
Reviewed by Marc Chandler
on
July 11, 2025
Rating:
