US President Donald Trump signed another Executive Order on Tuesday evening (2/25), signaling the US Commerce Department to launch a formal "investigation" into the Copper market. President Trump, citing "national security concerns," ordered an investigation into the futures and delivery markets of Copper. US law provides an ambiguous backdoor for the president to issue Executive Orders that allow the White House to bypass normal congressional channels to start a trade war, and has been the basis for hundreds of Trump administration Executive Orders since Trump took office in January.
President Trump took the opportunity to hint at the possibility of further tariff action, reiterating his intention to impose a digital services tax on other countries as a form of quasi-tariff on US goods. President Trump also reiterated his insistence that the US does not "need" Canadian Crude Oil or lumber products, a statement that runs counter to decades of trade history. (Newsmaker23)
Source: FXstreet
High-stakes energy diplomacy in Beijing this week signals China's willingness to challenge US President Donald Trump's efforts to isolate Russia and assert US energy dominance. Chinese President Xi J...
President Volodymyr Zelenskiy will urge stronger pressure on Moscow when he meets with allies in Denmark and France on Wednesday after Russian forces launched a massive airstrike on Ukraine, damaging ...
President Xi Jinping used a mix of friendliness and economic appeal this week to send a clear message to Donald Trump: Beijing has too much global influence for the US to dictate. Cameras captured th...
U.S. Treasury Secretary Scott Bessent defended President Donald Trump's removal of Federal Reserve Governor Lisa Cook, saying the central bank has "made a lot of mistakes" even as he stressed its inde...
Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin Ame...
The Nikkei 225 Index climbed 1.1% to above 43,500 while the broader Topix Index gained 0.7% to 3,127 on Monday, with Japanese shares edging closer to record highs after Prime Minister Shigeru Ishiba announced over the weekend that he will step...
Asia-Pacific markets traded mostly higher Monday as investors assessed the resignation of Japan's prime minister and eyed key economic data in the region. Japan's benchmark Nikkei 225 rose 0.95% after Japanese Prime Minister Shigeru Ishiba...
Silver (XAG/USD) $40,898: The rally has subsided and prices are consolidating; the bias remains sideways to bullish, supported by expectations of a Fed rate cut and industrial demand. Key levels: resistance $41.50–$42.00 (break → $43–$44); support...
US stocks rallied on Friday (September 5th), with the S&P 500 rising 0.4% and the Nasdaq gaining 0.6% to new record highs, while the Dow Jones...
European stocks closed on Friday, tracking the pullback in US equities after pessimistic labor data from the US sounded alarms over the world's...
The U.S. economy added fewer jobs than anticipated in August, possibly bolstering the case for the Federal Reserve to slash interest rates at its...
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for...