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 […]
Over the weekend, the United States’ major trading partners sought to reach trade agreements or lobbied for more time. Meanwhile, Treasury Secretary Scott Benson stated that some countries that failed to reach an agreement by Wednesday’s deadline would have the option to extend negotiations for three weeks. Beshear said on CNN’s “State of the Union” […]
As Washington and Beijing implemented a trade deal to ease recent restrictions on key technologies, the Trump administration lifted the export license requirement for the sale of chip design software to China. According to a company statement, the US Department of Commerce has informed the world’s three major chip design software suppliers – Synopsys Inc., […]
US President Donald Trump said he would not consider postponing the July 9 deadline for resuming tariffs and again threatened to suspend negotiations and impose tariffs on multiple countries, including Japan. “No, I haven’t considered a pause,” Trump said Tuesday when asked if he would extend the negotiation period with trading partners. “I’ll be writing […]
The continuous rise in housing prices, especially in the Seoul metropolitan area, may accelerate South Korea’s debt accumulation and pose a risk to financial stability, threatening the financial system that has generally performed well in the face of long-term political unrest and US tariffs. The Bank of Korea released its semi-annual financial system report on […]
US President Donald Trump unexpectedly announced a ceasefire, and the 12-day war between Iran and Israel seems to be coming to an end. During this conflict, Iran’s top military leaders and scientists were killed, the US bombed Iran’s nuclear facilities and launched multiple missiles at Qatar. The specific time of the pause and Israel’s response […]