U.S. President Donald Trump and Russian President Vladimir Putin are set to meet for summit talks within the next few days, the Kremlin announced on Thursday. This high-stakes diplomatic engagement comes as the US aggressively pushes for an end to Russia’s war in Ukraine, with President Trump’s deadline for a…
The United States is collecting more tariff revenue than at any time in its modern history. In July alone, it pulled in nearly $30 billion from customs duties. That follows $26.6 billion in June and $22.2 billion in May. These are record-breaking figures. At the current pace, annual tariff revenue…
NewMed, a partner in Israel’s Leviathan natural gas field, announced Thursday that the field has secured the largest export agreement in the nation’s history, a deal valued at up to $35 billion to supply gas to Egypt.The Leviathan natural gas field, located off Israel’s Mediterranean coast and holding an estimated…
US President Donald Trump has announced an additional 25% tariff on Indian goods, citing New Delhi’s continued purchases of Russian energy as the reason for the move. The new duty, which will be implemented within 21 days, will come on top of an existing 25% country-specific tariff set to take…
A coalition of 57 alcohol industry groups has warned President Donald Trump in a letter that a 15% tariff on EU goods could slash US alcohol sales by nearly $2 billion and jeopardise 25,000 American jobs.The letter garnered signatures from key players in the European beverage industry, including major producers…
A new industrial map is being drawn, and it looks nothing like the one that powered Asia’s rise. Emerging economies are trying to resist a push from multiple fronts.Bangladesh’s garment industry faces US tariffs of up to 20%. Indonesia is facing another 19% tariff. Vietnam, the region’s manufacturing star, is…
India’s economy could face a multibillion-dollar impact following US President Donald Trump’s decision to raise tariffs on Indian goods to 50% in response to New Delhi’s continued oil trade with Russia. The latest move doubles the previously announced 25% duties, making it one of the highest levies on any US…
The USD/MXN exchange rate continued its strong downward trend this month as investors waited for the coming Banxico interest rate decision. It was trading at 18.60 on Thursday, down by over 12% from its highest point this year.Banxico interest rate decisionThe USD/MXN pair will be in the spotlight on Thursday…
The oil market remains doubtful about the impact of the additional 25% tariffs imposed by the US on India over its purchases of Russian oil. According to ING Group, the market still expects further negotiations between the US and India before the additional tariffs kick in later this month. On Wednesday, oil…
U.S. President Donald Trump and Russian President Vladimir Putin are set to meet for summit talks within the next few days, the Kremlin announced on Thursday. This high-stakes diplomatic engagement comes as the US aggressively pushes for an end to Russia’s war in Ukraine, with President Trump’s deadline for a…