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U.S. stock-index futures were little changed on Sunday, as it appeared the U.S. was on the verge of an all-out trade war with Canada, one of its biggest trade partners.
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A tit-for-tat trade fight between the two allies could create new headaches for consumers and businesses already stung by high prices.
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Canadian Prime Minister Mark Carney said retaliatory tariffs on U.S. goods will take effect on Sept. 8. He referred to Trump's tariffs as "a miscalculation."
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Following efforts by the US and others to address cryptocurrency standards, UK officials this week said they want Britain to lead the world and create their own government-backed digital token for international trade.
"We want this country to be a global hub — the very best place in the world to start and scale crypto-companies," said John Glen, MP and UK Economic Secretary to the Treasury.
Glen's comments came during a keynote speech at the Innovate Finance Global Summit during Fintech Week 2022. He also asserted the UK is the leading European financial technology (Fintech) hub, "second only to the US worldwide."
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