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TSX futures fall as Trump's tariff announcement nears

Stocks across the world plunged after Trump said on Sunday that reciprocal tariffs he is expected to announce on Wednesday will include all nations, and not just a select group of 10 to 15 countries with the biggest trade imbalances. While Canada had secured protections against new U.S. auto tariffs, including a 60-day delay and annual duty-free quotas, under a 2018 trade agreement with the U.S. and Mexico, there's no evidence Trump will honor those commitments. Heavyweight oil producers could track a rise in crude prices due to Trump's threat to impose secondary tariffs on buyers of Russian oil and warning of possible military action against Iran if it did not agree to a deal over its nuclear program.

Stocks across the world plunged after Trump said on Sunday that reciprocal tariffs he is expected to announce on Wednesday will include all nations, and not just a select group of 10 to 15 countries with the biggest trade imbalances. While Canada had secured protections against new U.S.

auto tariffs, including a 60-day delay and annual duty-free quotas, under a 2018 trade agreement with the U.S. and Mexico, there's no evidence Trump will honor those commitments.

Heavyweight oil producers could track a rise in crude prices due to Trump's threat to impose secondary tariffs on buyers of Russian oil and warning of possible military action against Iran if it did not agree to a deal over its nuclear program..