On Saturday, PM Mark Carney said Canada would retaliate with "dollar-for-dollar" counter-tariffs in areas including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.

On Saturday, PM Mark Carney said Canada would retaliate with "dollar-for-dollar" counter-tariffs in areas including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.

The move would restore Trump's second-term duties on China to around 20%, a level Beijing has previously said is consistent with its trade truce with Washington.

Brent crude traded near $92 a barrel on Tuesday, while West Texas Intermediate hovered around $85. Brent had fallen more than 2% in the previous session.

Instead of rushing to fire up new manufacturing facilities, the likes of Sun Pharm and Dr. Reddy's Labs would be better off biding their time.

The Treasury surprised traders this week with its plan to buy back more debt — touted as a move to improve liquidity of certain older securities, but widely viewed as a move to bring yields down.

Trump urged South Carolina Republicans to back Darline Graham in the Senate runoff, warning that a loss could threaten his agenda. He also warned of impeachment if Democrats regain Congress and defended Graham’s debate comments.

Oil prices are set for a weekly gain amid rising US-Iran tensions and supply concerns. Brent topped $93 a barrel, while Indian petrol and diesel prices remained largely unchanged across major cities.

China is the biggest buyer of Iranian oil, accounting for more than 80% of Iran's shipped crude in 2025, according to analytics firm Kpler.

Brent crude traded above $93 a barrel on Friday and was heading for a weekly rise of more than 5%. West Texas Intermediate for October delivery eased towards $86 a barrel.

Meanwhile, China's exports of rare earth permanent magnets to the US remained strong.