The USA has lifted steel and aluminium tariffs on Canada.
Experts say the development could lead to a new North American trade deal.
In a joint statement, the two countries said a 25% tariff on steel imports, and 10% on aluminium will end in 48 hours.
A similar announcement is expected to be made between the US and Mexico as well.
Oil sinks 11% as Trump predicts Middle East de-escalation
Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
DP World appoints Ahmad Yousef Al-Hassan as CEO and MD for GCC
DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC.
Oil prices surge to highest since 2022 at over $119 a barrel
Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments
HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.
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