US President Donald Trump has signed an executive order directing the creation of a US sovereign wealth fund, with plans to potentially acquire TikTok. While details about the fund’s structure and financing remain scarce, Trump’s plan could reshape the way the US approaches national investments and even influence the future…
With Mexico buying itself reprieve from Trump’s tariffs, all eyes are on the outcome of Canada’s dialogue with the US. The United States has postponed imposing tariffs on Mexico for one month following discussions between President Donald Trump and Mexican President Claudia Sheinbaum Monday morning. Trump confirmed the decision after…
China’s Finance Ministry announced the imposition of 15% tariffs on coal and liquefied natural gas imports from the US, as well as 10% duties on crude oil, agricultural equipment, and certain cars. These tariffs are set to take effect on February 10. This move comes in response to the enforcement…
The US has signed agreements with both Mexico and Canada to delay the implementation of its planned tariffs on its two neighbouring countries by at least 30 days. While optimism is warranted now that a global trade war seems to have been averted for a few weeks at least –…
The USD/ZAR exchange rate rose for four consecutive days as investors reacted to the ongoing tensions between the United States and South Africa. It rallied to a high of 19.05 on Monday, up by 11.5% from its lowest level in October last year. So, is the ongoing South African rand…
Donald Trump’s presidency has always followed two key principles: projecting toughness and keeping opponents off balance. That dynamic was on full display Monday as Trump abruptly shelved his plans for sweeping tariffs on Canada and Mexico, just as he did with Colombia the previous week. The 25% import tariffs on…
Bitcoin has already recovered to $99,000 after a steep decline to around $91,000 following Trump’s announcement of raised tariffs on China, Mexico, and Canada. Trump tariffs concerned global investors as they risked starting a trade war, which could mean significant economic uncertainty. That’s what triggered a sharp sell-off in the…
Diageo, the spirits maker behind global brands like Johnnie Walker and Tanqueray, announced Tuesday that it is adjusting its strategies due to the ongoing uncertainty surrounding US tariffs. CEO Debra Crew stated that the prospect of tariffs on key supply chain regions, including Canada and Mexico, is expected to complicate…
Canadian stocks will be highly volatile this week as investors react to the potential tariff war between the United States and Canada. The S&P/TSX Composite Index will likely retreat, joining its American counterparts like the Dow Jones and S&P 500 that have plunged by over 2% in the futures market. …
Cryptocurrency prices bounced back in the overnight session after Donald Trump paused the sweeping tariffs on Mexico and Canada, removing one of the biggest risks in the market. Bitcoin jumped to over $100,000, while most altcoins jumped by over 10%. This article looks at top coins like Raydium (RAY), Ripple…