The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week. Bailey, speaking to British lawmakers, said he had addressed the importance of open trade at a meeting of Group of 20 central bankers and finance ministers last week in South Africa that was not attended by new U.S. Treasury Secretary Scott Bessent. "If you think the world economy is somehow out of balance, the place to address those balances is in a...
President Donald Trump will announce tariff changes for Canada and Mexico this afternoon as he considers lowering tariffs on sectors such as autos, Commerce Secretary Howard Lutnick told Bloomberg Television Wednesday morning. Trump is expected to make a decision on the issue this afternoon, Lutnick said, reiterating that the administration's tariff policy will be reevaluated on April 2 to cover larger imports and reciprocal levies. "There will be tariffs — let's be clear — but what he's thinking about is what parts of the market he might consider giving relief to by the time we get to, of...
In February, US private sector employment grew by just 77K, lower than the initial estimate of 140K, according to the latest Automatic Data Processing (ADP) report. It was also lower than January's 183K. (Newsmaker) Source: FXstreet
Britain's finance minister said on Tuesday she was hopeful of securing a trade deal with the U.S. to avoid possible trade tariffs, but warned Britain was still likely to be hurt by duties imposed on other countries. Countries worldwide are scrambling to shield themselves from potential tariffs during U.S. President Donald Trump's second term in office. His administration's new tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods, took effect earlier on Tuesday. "I think there's every reason to be hopeful about coming to some sort of a trade deal,"...
China has retaliated against the new US tariffs by increasing import levies on a range of American agricultural and food products. The tariff increases announced Tuesday range from 10% to 15%. In addition, China has imposed export and investment restrictions on 25 US companies, citing national security concerns. China's foreign ministry said Tuesday that if the United States is determined to launch a trade war or tariffs, China will respond accordingly. The response will come in the form of countermeasures aimed at protecting China's rights and interests, according to ministry spokesman Lin...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...