President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and Canada if they join forces against the US, expanding a trade war and triggering threats of retaliation. “What we’re going to be doing is a 25% tariff on all cars that are not […]
A senior Chinese leader called for increased global cooperation and opposition to protectionist measures, in a thinly veiled critique aimed at the US for destabilizing trade and geopolitical relations. “We should jointly safeguard the free trade system, uphold open regionalism, and firmly oppose trade and investment protectionism,” Ding Xuexiang, the ruling Communist Party’s sixth-ranking […]
March 19 (Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Wednesday on record flows to liquefied natural gas (LNG) export plants and a second drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 19.5 cents, or 4.8%, to settle at […]
Stocks rallied on Wednesday, with the S&P 500 clawing back more of the rout since late February that took the benchmark briefly into correction territory, as the Federal Reserve forecast it would still cut interest rates two times in 2025. The Dow Jones Industrial Average climbed 383.32 points, or 0.92%, and closed at 41,964.63. […]
Germany’s economic sentiment hit a 2-year high, but the eurozone’s trade surplus fell sharply. EU exports to the US surged as firms frontloaded shipments ahead of potential Trump tariffs, while the trade deficit with China widened sharply. Economic data released on Tuesday presented a mixed picture for the eurozone, with a sharp rise in […]