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American stocks, including those of carmakers such as GM and Ford, fell after China, Canada and Mexico, retaliated against America's hefty tariffs that went into effect on Tuesday.

China swiftly responded with 10 to 15 percent levies on a range of American agricultural products.

Canada followed with an announcement of 25 percent tariffs on American goods.

Claudia Shanebaum, Mexico's president, said her government would

elaborate on its planned tariff and non-tariff measures at a rally on Sunday.

Volodymyr Zelensky, Ukraine's president attempted to mend relations with America after Donald

Trump suspended military aid to the country.

Mr. Zelensky seemingly denied Mr. Trump's accusations that Ukraine was not ready for peace

and reiterated his offer to strike a minerals deal with America.

Earlier, Mark Rubio, America's Secretary of State, said squeezing Ukraine could get the Russians to a negotiating table.

The parties negotiating Germany's next coalition government said they had agreed to set up a 500 billion euro debt financed fund for infrastructure.

The conservative Christian Democratic Alliance and the

Social Democrats also plan to exempt defense spending above 1% of GDP from Germany's deficit-limiting

debt break. The outgoing Parliament will vote on the deal, which requires a two-thirds majority

this month.

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