Glacier FarmMedia COVID-19 & the Farm

Global Markets: China cuts tariffs on some U.S. imports

WINNIPEG, Feb. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– China will cut tariffs on some imports from the United States by as much as 50 per cent, as the country works to ease the impact of the coronavirus on its economy. The tariff cuts gave equity markets a boost on Thursday.

– The U.S. Senate acquitted President Donald Trump of impeachment on Wednesday, with Utah Senator Mitt Romney the loan Republican crossing party lines and voting with the Democrats. Trump is set to speak at noon Eastern on Thursday. The National Prayer Breakfast also takes place in Washington on Thursday, with both Trump and Democrat Nancy Pelosi in attendance.

– A chartered airplane set to transport 211 Canadians from Wuhan, China, arrived in the city on Thursday. It was delayed originally due to bad weather in Vietnam.

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