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GLOBAL MARKETS-Stocks gain as U.S. tariffs milder than expected; oil falls [Reuters]

CIGNA (CI)  More Company Research Source: Reuters
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PDF Stocks gain as U.S. tariffs milder than expected; oil falls | Reuters 4 Min Read NEW YORK (Reuters) - Major U.S. stock indexes closed higher and Canadian and Mexican currencies gained briefly on Thursday after U.S. President Donald Trump set tariffs on steel and aluminum imports but exempted Canada and Mexico. Trump had earlier pledged to slap tariffs on all countries, and strategists said Thursday’s plan was milder than many investors expected. Other countries can apply for exemptions, according to the Trump administration, although details of when they would be granted were thin. “He dialed it back a little bit,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. “But we’re still going in the wrong direction from a policy perspective if you’re a markets-focused globalist.” Trump is imposing 25 percent tariffs on steel imports and 10 percent for aluminum. Investors have been on edge since last week when Trump proposed the tariffs, sparking worri [Read more]

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