Global markets and businesses were thrown into disarray by U.S. President Donald Trump's tariff announcements on Thursday.

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The White House released a list more than 150 countries and territories that would see at least a 10 per cent 'reciprocal tariff' from the U.S.

A White House statement released after Trump announced the policy said existing tariffs on Canada 'remain in effect' — including exemptions — 'and are unaffected by this order.' ...