Tariffs
Trump’s oil tariffs a boost for European and Asian refiners
US President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their US rivals, analysts and market participants...
Tariffs worry Wall Street over earnings hit, inflation pressure
Investors are bracing for a looming hit to US corporate profits and pressure on inflation after President Donald Trump on Saturday (Feb 1) signed an executive order imposing tariffs...
Canada and Mexico Announce Retaliatory Tariffs Against the U.S. Hours after Trump’s Executive Action
The leaders of Canada and Mexico blasted President Trump on Saturday, just hours after he imposed a 25 percent tariff on their countries. In response, they announced plans to...
Exxon, Chevron succumb to oil-refining slump as tariffs loom
PROFITS for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of US tariffs on two major oil suppliers threatens to make the refining business...
Steel, aluminium tariffs will impact millions of tonnes of imports
AluminIum and steel were among the first tariffs to be enacted during President Donald Trump’s first term. A revival of those measures is expected Saturday (Feb 1), which would...
Oil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday (Jan 31) and closed the week lower as investors awaited 25 per cent tariffs by the US on Canada and Mexico, expected on Saturday.Brent...
US: Wall Street ends lower as White House says Trump to implement tariffs
US stocks ended lower on Friday (Jan 31), with indices losing ground after the White House said US President Donald Trump will implement on Saturday tariffs of 25 per...