India, June 30 -- The British pound weakened against other major currencies in the European session on Monday amid increased risk-off mood, as investors eyed progress in global trade negotiations ahead of the impending July 9 deadline for U.S. reciprocal tariffs.
Canada moved to calm tensions after reversing its decision to impose a Digital Service Tax (DST) on American technology companies.
U.S. President Donald Trump characterized trade in cars between the U.S. and Japan as unfair and floated the idea of keeping 25 percent tariffs on autos in place.
Elsewhere, a new trade agreement between the United States and the United Kingdom that reduces U.S. tariffs on British cars and aircraft parts officially came into effect today. 10% tariffs...