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A US-Canada trade war is averted for now, but Canada is roiling from Trump's remarks. In China, Lunar New Year celebrations were already subdued from economic concerns even before new U.S. tariffs and Beijing's retaliatory response.
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Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.
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