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...
President Donald Trump's administration on Sunday signaled openness to a trade deal with China, even as tensions escalated over Beijing's new export controls. The gesture followed Trump's Friday announcement of a sweeping 100% tariff on all Chinese imports starting November 1, in retaliation for China's restrictions on rare earth exports. Vice-President J.D. Vance urged Beijing to "choose the path of reason," arguing Trump holds more leverage if the dispute drags on. Trump struck a conciliatory tone on Truth Social: "Don't worry about China, it will all be fine! Highly respected President...
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China. Donald Trump declared via social media post that he will be imposing a new 100% tariff on all exports bound for the US from China, as Trump's bespoke playbook of hammering his own constituents to punish foreign nations continues to play out. How the Trump administration will achieve a new import tariff remains to be solved by other...
US consumer sentiment was little changed in early October as Americans expect scant improvement in the job market or inflation. The preliminary October sentiment index edged down to 55 from 55.1 in September, according to the University of Michigan. While the latest figure was the lowest in five months, it was firmer than the median projection in a Bloomberg survey of economists. Consumers expect prices to rise at an annual rate of 4.6% over the next year, compared with 4.7% a month earlier, according to the data released Friday. They saw costs rising at an annual rate of...
Israeli forces began withdrawing from parts of Gaza on Friday (October 10) under a ceasefire agreement with Hamas, and some residents returned to devastated neighborhoods, uncertain about their safety after two years of war. "Thank God, my house is still standing," said Ismail Zayda, 40, in the Sheikh Radwan area of Gaza City. "But this place is destroyed, my neighbor's house is destroyed, the whole district is gone." "Is it over? They say it is. Why doesn't anyone come out and tell us if there is a ceasefire so we can stop being afraid?" The Israeli government ratified the ceasefire...
President Donald Trump announced steep tariffs on imported lumber and wood products, which his administration says are necessary to protect the US economy and encourage domestic manufacturing. Starting October 14, softwood lumber will be subject to a 10% tariff, while kitchen cabinets, bathroom vanities, and other finished wood products will be subject to a 25% tariff that will increase in January. The biggest hit will be Canada, the largest US lumber supplier, whose lumber exports are already subject to separate tariffs totaling 35.19%. The two countries have been embroiled in a...
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...