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...
Most big emerging economies, including China, Brazil and India, can weather U.S. tariffs without excessive pain, a study by risk consultancy Verisk Maplecroft showed, raising doubt about the clout of President Donald Trump's trade tools. The firm analysed the resilience of 20 of the biggest emerging markets using measures from debt levels to export-revenue reliance to gauge their ability to handle trade volatility and rapidly shifting geopolitical alliances. "Most manufacturing hubs globally are in a better position in their current baseline than you would think or give them credit for to...
The US government is scheduled to reopen on Thursday (November 13) after the longest shutdown in US history that disrupted air traffic, cut food aid to low-income Americans, and forced more than 1 million workers without pay for more than a month. However, the deep political divisions that led to the 43-day shutdown remain unresolved. The funding package contains few restrictions to restrain Republican President Donald Trump from withholding spending, in an administration that regularly challenges Congress's constitutional authority on finances. And it does not address the impending...
The House of Representatives will attempt to end the longest government shutdown in US history on Wednesday, voting on a stopgap funding package to restart disrupted food aid, pay hundreds of thousands of federal workers, and restart the crippled air traffic control system. Republicans currently hold a slim 219-213 majority in the House. However, President Donald Trump's support for the bill is expected to keep his party united in the face of stiff opposition from House Democrats, angered that a prolonged stalemate waged by their colleagues in the Senate failed to secure a deal to extend...
Even as a U.S.–China trade truce appears to be holding, analysts caution that the détente remains fragile in a rivalry increasingly defined by strategic competition. A flurry of decisions, outlined in the sweeping trade deal struck by U.S. President Donald Trump with Chinese leader Xi Jinping last month, took effect on Monday, with rollbacks of steep tariffs and export controls. The U.S. halved fentanyl-linked tariffs on imports from China to 10% and extended for a year a truce that lowered the reciprocal tariff rate from 34% to 10%. In return, China's Ministry of Commerce rolled back...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could end the longest US government shutdown in history. With more than 1,000 flights canceled on Tuesday due to the shutdown, lawmakers, including Republicans Rick Crawford of Arkansas and Trent Kelly of Mississippi, said they would drive to the Capitol, while Representative Derrick Van Orden said he would drive 16 hours from Wisconsin on his motorcycle. "It's going to be a little cold, but I'm going to do my job," the Republican said in a video...
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...