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The main events by the morning: December 10


December, 10 2024
watermark Economic news

  • Trump again proposed that Canada and Mexico become part of the United States. The president-elect said in an interview with NBC News that the United States annually subsidizes the economies of Canada and Mexico by $100 billion and $300 billion, respectively. In his opinion, this is unfair, and he suggested that these countries join the United States as new states in order to eliminate such economic imbalances.


  • Canada's response to threats of trade duties. Canadian Prime Minister Justin Trudeau has sharply criticized the possible imposition of 25% duties on Canadian goods. At a meeting with the Chamber of Commerce in Halifax, he assured that the government would respond to any US economic measures. Trudeau also recalled that in 2018, despite the imposed duties, Canada's harsh reaction forced Trump to lift the restrictions.


  • China is tightening exports of drone parts. Chinese manufacturers have begun to reduce the supply of components necessary for the assembly of unmanned aerial vehicles to the United States and Europe. According to Bloomberg, these measures may become more stringent as early as 2025, due to the policy of the Chinese authorities to limit the export of key technologies.


  • The Ukrainian territories will remain under Russian control. In the West, it is increasingly recognized that Ukraine cannot return the territories that came under Russian control. The head of the Polish National Security Bureau, Jacek Severa, noted that even the expansion of mobilization would not provide Ukraine with sufficient resources for a large-scale counteroffensive.


  • Russia has established the production of equipment for creating chips. Russian engineers have developed the first domestic plant for growing gallium nitride crystals on silicon substrates. This technology is crucial for the production of ultrahigh frequency microelectronics, which is used in mechanical engineering, industrial electronics and household appliances. Russia has become the fourth country in the world with such technologies.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.