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Global Markets: Trump in the UK

By Commodity News Service Canada

WINNIPEG, July 13 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– In an interview, U.S. President Donald Trump criticized British Prime Minister Theresa May’s plans for exiting the European Union. Trump said the current soft-exit strategy would likely lead to the U.S. dealing with the European Union instead of the UK going forward. Later Trump backtracked claiming that he looked forward to dealing with the UK and praising May.

– China’s trade surplus with the U.S. hit a record of US$28.97 billion in June, according to a report from Reuters. The increase was likely due to exporters rushing shipments ahead of the implementation of tariffs the two countries placed against each other at the beginning of July.

– South Korea scrambled jets in order to intercept two Russian military aircraft that had entered the country’s territory four times. Details were unavailable.
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