US President Donald Trump announced a 100% tariff on foreign-made semiconductors, exempting companies with US investments, like TSMC and South Korean firms Samsung and SK Hynix. This decision follows Apple’s $600bn US investment and aims to bolster domestic manufacturing, while raising concerns for countries like the Philippines, heavily reliant on semiconductor exports.
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Canadians’ Grocery Prices Increased 3.5% in August
Food inflation in Canada surged 3.5% in August, significantly outpacing the overall Consumer Price Index (CPI) increase of 1.9%, driven by global factors like transportation costs and weather-related crop stress. While meat prices rose sharply by 7.2%, fresh fruit prices saw a slight decline of 1.1%, highlighting the ongoing volatility in food costs amid broader economic discussions. Want More Context? 🔎
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