Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
President Donald Trump has threatened to impose an additional 5% tariff on imports from Mexico if the country does not immediately release water supplies that the U.S. government says are due under a 1944 treaty. In a social media post, Trump confirmed he has signed a document to implement the tariffs if Mexico does not act quickly. He said the longer the water remains in Mexico, the greater the harm to farmers in the United States, particularly those along the border. The U.S. government says Mexico is still short about 865,000 acre-feet of water required under the treaty. The U.S. needs...
President Donald Trump announced an $11 billion aid package for American farmers, particularly soybean farmers, who have been hit by the trade war and falling crop prices. Tariffs against many countries, particularly China, have caused US soybean exports to plummet because China stopped purchasing American soybeans. China is the largest buyer, typically absorbing about half of US soybean exports. Many farmers are now being pressured by low crop prices and rising production costs. Most of the funds will be distributed through the US Department of Agriculture's new Farmer Bridge Assistance...
President Donald Trump on Monday threatened to impose an additional 5% tariff on Mexico if it doesn't immediately provide additional water to help U.S. farmers, accusing the country of violating a treaty that outlines water sharing between the neighbors. Under the treaty, Mexico must send 1.75 million acre-feet of water to the U.S. from the Rio Grande through a network of interconnected dams and reservoirs every five years. Trump said in a social media post that Mexico "owes" the U.S. 800,000 acre-feet of water due to violations of the treaty over the past five years. He demanded Mexico...
US President Donald Trump has escalated trade tensions with Canada again after threatening to impose "severe" tariffs on fertilizer exports from the country. The threat was made at a White House event, where Trump also announced a multi-billion dollar aid package for US farmers affected by his own tariff policies. Previously, the Trump administration had already imposed broad tariffs on Canadian and Mexican imports as part of the 2025 trade war, with Canadian fertilizer receiving preferential treatment in the form of lower tariffs but still subject to additional duties on volumes above...
China's trade surplus roared above $1 trillion in November for the first time ever, despite the ongoing global trade war that has resulted in a steep drop in exports to the U.S. In the first 11 months this year, China's overall exports grew 5.4% compared to the same period in 2024 while imports fell 0.6%, taking its trade surplus to $1.076 trillion this year as of November, up 21.6% year on year. The move come even as China's U.S.-bound goods fell for an eighth straight month despite a recent trade deal between the two economies, even as overall exports surpassed market expectations in...
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...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...