Dow Jones Top Markets Headlines at 3 PM ET: Trump Says He Has Terminated Trade Talks With Canada | U.S. ...

Dow Jones
2025/06/28

Trump Says He Has Terminated Trade Talks With Canada

President Trump said the U.S. was terminating trade talks with Canada over tariffs on dairy products and what he called an 'egregious' digital-services tax on U.S. tech companies.

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U.S. Stocks Pare Gains After Trump Halts Canada Trade Talks

U.S. stocks pared gains after President Trump said that the U.S. is terminating trade discussions with Canada.

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Inflation, Spending Data Leave a Cloudy Picture for the Federal Reserve

The Federal Reserve's preferred inflation gauge had been expected to reinforce the growing case for interest rate cuts sooner rather than later.

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American Consumers Felt Better in June Than They Did in May

The reading, from the University of Michigan, could show that the initial shock of tariff announcements is wearing off.

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Canada GDP Contraction Likely Continued Through May After 0.1% Fall in April

The fallout from the trade war is now showing clearly in Canada's economy.

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China Confirms Breakthrough on Rare-Earth Exports to U.S.

The announcement offered hope of a reprieve on shortages that have hit American industry, and came after President Trump said he signed a deal with China.

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Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Fed Rate Cuts Loom

U.S. nonfarm payrolls figures for June will be closely watched because evidence of a weak job market could increase speculation that the Federal Reserve could cut interest rates soon.

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Inflation in France, Spain Ticks Higher for First Time in 2025

The data gives an early indication of any effect Middle East tensions had on prices in major eurozone economies.

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China's Industrial Profit Declined in May

Weak demand and U.S. trade tariffs weighed on Chinese industrial profit.

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Tokyo Consumer Inflation Eases But Stays Above BOJ's Target

Consumer inflation in the Tokyo metropolitan area eased in June but remained firmly above the Bank of Japan's 2% target, leaving the central bank balancing on a policy tightrope.

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Bessent Says Proposed 'Revenge Tax' No Longer Needed

A deal has been reached with G-7 nations on international corporate minimum-tax rates.

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The Tax Megabill Isn't as Sweet as 2017's. How Companies Still Stand to Gain.

Both small and big businesses would benefit, though some provisions would hurt.

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Trump's July 9 Tariff Deadline Is 'Not Critical,' White House Says

If trade negotiations don't advance by then, the administration can simply pick a rate, the White House said.

 

(END) Dow Jones Newswires

June 27, 2025 15:00 ET (19:00 GMT)

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