President Donald Trump said he has no intention of firing Jerome Powell, but still made it sound like a threat. Trump’s remarks ended a busy day of activities, pushing his pressure on the Fed chair to a new level and causing a brief market plunge. Later on Tuesday, he floated the idea of firing Powell […]
As transatlantic trade tensions escalate, the European Union has finalised a second list of retaliatory measures, targeting $84 billion worth of US goods, including Boeing aircraft, automobiles and bourbon, if the US decides to take retaliatory actions. According to a 206-page list prepared by the European Commission and seen by Bloomberg News, additional tariffs will […]
Nvidia plans to resume selling its H20 AI accelerator to China as Washington has assured that such goods will be approved, which is in stark contrast to the earlier stance of the Trump administration. Nvidia said in a blog post on Monday that US government officials have informed the company that they will approve the […]
Nvidia has become the first company in history to reach a market value of 4 trillion US dollars, solidifying its dominant position in the global financial market. On Wednesday, the company’s share price rose 2.8% to $164.42, breaking through this milestone and marking a stunning rebound after a difficult start to the year when spending […]
After a series of new threats from the EU and other US trading partners, informed sources revealed that the EU is preparing to enhance its engagement with other countries affected by Donald Trump’s tariffs. People familiar with the matter said that contacts with countries such as Canada and Japan could include the possibility of coordination. […]
Donald Trump threatened to impose a 50% tariff on Brazilian goods, causing the Brazilian currency to plumper as the dispute between the US leader and Luiz Inacio Lula da Silva, the largest country and left-wing leader in Latin America, escalated sharply. In a letter posted on his social media account, Trump mentioned Jair Bolsonaro, the […]
US President Donald Trump announced a higher-than-expected 50% tariff on copper imports, which brought new chaos to the metal market, causing US futures prices to hit record highs and global benchmark prices to fall. The proposed tax marks the latest twist in a tumultuous period for industrial commodity markets as the US leader aims to […]
US President Donald Trump vowed to push forward his aggressive tariff regime in the coming days, emphasizing that he would not extend the tariffs on specific countries that were originally set to take effect in early August, while hinting that he might announce new hefty tariffs on copper and drug imports. Before Trump made the […]
The EU this week is seeking to reach a provisional trade deal with the US that would allow it to lock in a 10% tariff rate after the August 1 deadline while the two sides negotiate a permanent agreement. According to informed sources, the EU is seeking exemption from the 10% tariff on certain key […]
The latest oil supply shockwave triggered by OPEC+ is expected to intensify the oil glut later this year, putting pressure on prices for global oil producers and responding to US President Donald Trump’s call to lower fuel costs. OPEC and its allies have reason to believe that at least in the short term, the additional […]