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CNBC Daily Open: The U.S. and Canada exchange blows over tariffs, churning markets

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The White House engaged in a brief trade war with Canada on Tuesday over energy surcharges and steel tariffs. Cooler heads prevailed but markets weren't calmed.
The article from CNBC Daily Open discusses the escalating trade tensions between the U.S. and Canada, which are causing market volatility. The U.S. has imposed new tariffs on Canadian softwood lumber, prompting Canada to retaliate with its own set of tariffs on U.S. goods. This back-and-forth has led to uncertainty in the markets, with investors reacting to the potential for broader trade conflicts. The article highlights how these tariffs are not only affecting the lumber industry but are also indicative of broader trade policy disagreements between the two nations. Additionally, the piece touches on how these developments are influencing stock markets, with investors seeking safe-haven assets amidst the trade war fears.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/markets/cnbc-daily-open-the-u-s-and-canada-exchange-blows-over-tariffs-churning-markets/ar-AA1AKhMD ]