10,331.31 TRY BIST 100 BIST 100
46.97 EUR EUR EUR
40.05 USD USD USD
5.61 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
40.51 TRY Interest Interest
68.95 USD Fossil Oil Fossil Oil
48.32 USD Silver Silver
5.55 USD Copper Copper
99.06 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,310.73 TRY Gold (gr) Gold (gr)

UN Concerned About Additional U.S. Tariffs

The United Nations (UN) has expressed concern about the impact of additional U.S. tariffs on China, Canada, and Mexico on the global economy.

UN Concerned About Additional U.S. Tariffs

In a statement on the matter, UN spokesperson Stéphane Dujarric said, "We are clearly concerned that the growing trade restrictions could have negative effects on the global economy, especially in developing countries and regions with vulnerable populations." Dujarric emphasized the importance of adhering to the rules set by the World Trade Organization (WTO) to maintain stability in international trade, given the low growth in the global economy.

The U.S. administration had announced additional tariffs of 25% on goods imported from Canada and Mexico and 10% on imports from China. In response, Canadian Prime Minister Justin Trudeau announced that a 25% tariff would be imposed on U.S. imports worth 155 billion Canadian dollars. Trudeau stated that these tariffs would take effect on Tuesday for goods worth 30 billion Canadian dollars, and within 21 days for the remaining 125 billion Canadian dollars worth of goods.

Meanwhile, U.S. President Donald Trump announced on social media that he had suspended the 25% additional tariff on Mexico for one month, in exchange for the country's commitment to strengthen border security.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

BIR: The role of recycling must not be overlooked in green steel definitions

Friday, July 11, 2025

South Korea sues companies for misdeclaring color-coated sheet exports to EU

Friday, July 11, 2025

Trump announces 35% tariff on Canadian products

Friday, July 11, 2025

European stainless steel sector under import pressure and slowing demand

Friday, July 11, 2025

East Pipes signed an $8 million steel pipe supply contract with Abdullah Ibrahim Al Sayegh & Sons.

Friday, July 11, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now