US President Donald Trump is unlikely to follow through on his threat to impose 100% tariffs on countries buying Russian oil, as it would exacerbate politically damaging inflationary pressures. Similar threats against Venezuelan oil buyers have also met with limited success, particularly in China. This month, Trump said he would impose 100% secondary tariffs on countries buying Russian exports unless Moscow agrees to a major peace deal with Ukraine within 50 days, a deadline that expires in early September. The threat mirrors the March announcement that the US would impose tariffs on...
European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as both sides aim to reach a trade deal before the August 1 deadline when 30% tariffs on the bloc's exports are due to take effect. After months of negotiations and back-and-forth diplomacy between Brussels and Washington, D.C., the two sides have zeroed in on a deal last week that will see the EU face 15% tariffs on most of its trade. Limited exceptions are expected to apply to aviation, some medical devices and generic drugs, some alcoholic beverages,...
Menurut Biro Statistik Tenaga Kerja AS pada hari Jumat (1/11), nonfarm payrolls AS (penggajian non-pertanian) hanya menambahkan sebanyak 12K pada bulan Oktober pasca kenaikan luar biasa sebesar 223K pada bulan September.
United Kingdom's Office for National Statistics will publish the January CPI data on Wednesday.The annual UK headline and core CPI inflation are expected to increase in January.The Pound Sterling braces for volatility on the UK CPI report data release amid a prudent BoE.The high-impact Consumer Price Index (CPI) data from the United Kingdom (UK) for January will be published by the Office for National Statistics (ONS) on Wednesday at 07:00 GMT. The Pound Sterling (GBP) could witness a big reaction to the UK CPI inflation report, which will likely have a strong bearing on the Bank of...
Retail sales in the US increased 0.6% month-on-month to $720.1 billion in June, the US Census Bureau reported on Thursday. This figure follows a 0.9% decline reported in May and was better than market expectations of a 0.1% increase. On an annual basis, retail sales rose 3.9% in June, compared to 3.3% in May. "Total sales for the period April 2025 to June 2025 increased 4.1% compared to the same period last year," the press release stated. (alg) Source: FXstreet