Global Markets: U.S. to announce Chinese sanctions

By Commodity News Service Canada

WINNIPEG, March 22 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– United States President Donald Trump is set to announce tariffs and other sanctions of at least US$50 billion against China on Thursday over allegations of theft of intellectual property, according to reports. China, in turn, has already said it will retaliate with its own measures.

– Facebook’s Mark Zuckerberg responded Wednesday to revelations that the data of millions of the social media platform’s users had been used by political consultant company Cambridge Analytica in an effort to sway elections. Zuckerberg apologized and pledged a number of changes would be made to how data is accessed.

– Negotiations between Canada, Mexico, and the U.S. over the North American Free Trade Agreement (NAFTA) are ongoing, with some Canadian stakeholders expressing renewed optimism that a favourable deal may be reached.

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