President Donald Trump said he would impose tariffs on a wide range of imports in the coming months, including on steel, aluminum, oil and gas, pharmaceuticals, as well as semiconductors — ramping up his threats to hit trading partners with new levies. He also said that the US would “be doing something very substantial” with tariffs targeting …
Canadian Prime Minister Justin Trudeau said Friday that if US President Donald Trump chooses to implement any tariff affecting Canada, the country will be ready to respond similarly. In a Council on Canada-US Relations meeting, the prime minister stressed that any Canadian response would be “purposeful, forceful, and immediate,” indicating that all options are considered. …
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President Donald Trump may exclude crude oil from the tariff shock he is preparing to deliver to Canada and Mexico this Sunday. The tariffs are Trump’s way to strong-arm the U.S. neighbors into stemming the flow of fentanyl into the country. “They send us oil — we’ll see,” Trump told media on Thursday evening, as quoted by …
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United States President Donald Trump told journalists on Thursday that his administration will impose 25% tariffs on imports from Mexico and Canada.The announcement came just days after the White House suggested that new trade restrictions were under consideration. The tariffs are set to take effect on February 1. The president also said he will decide …
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President surprised many by not imposing tariffs right away His team is still debating basic questions like who to charge President Donald Trump’s tariff plans are the great unknown in the global economy right now — and it’s partly because his team is still trying to figure out what to do. Tariffs were so central …
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Commerce Secretary pick prefers levies ‘across-the-board’ Says tariffs will make trade more fair and aren’t inflationary Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies …
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Oil fell after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico aren’t a done deal. West Texas Intermediate slid 1.6% to settle below $73 a barrel after Howard Lutnick said that the US’s two biggest trading partners can avoid new levies if they take action on illegal migration and fentanyl …
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Hackers that have ties with Beijing and Tehran, as well as other foreign governments, are utilizing artificial intelligence tools from the United States to boost cyberattacks not just against Washington but the rest of the world as well, The Wall Street Journal reported on Wednesday citing US officials and latest security research. Numerous hacker groups …
Summary of Weekly Petroleum Data for the week ending January 24, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.5 million barrels from the previous week. At 415.1 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. U.S. …
Crude oil fell by 1% on Wednesday after Egypt’s Petroleum Ministry confirmed it found around 8 million barrels in oil reserves in the East Crystal-1 well in the Gulf of Suez. The well will be exploited by the Gulf of Suez Petroleum Company and is expected to produce around 5,000 barrels per day. Meanwhile, the …
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