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Carney talks tariff response
Investing.com -- Canada's Prime Minister Mark Carney announced today that the country will retaliate against the latest U.S. tariffs with trade actions of its own. The Prime Minister's statements came during a press conference, where he expressed that the United States is no longer viewed as a relia
Investing.com
Fri, Mar 28
Estimating the Impact of Trump's Auto Tariffs: Which Automakers Will Be Hit Hardest and How Much Will Car Prices Rise?
TradingKey – Recently, U.S. President Donald Trump announced that a 25% tariff on all non-U.S.-manufactured cars will take effect starting April 2. In response, the European Union and Canada have threatened retaliatory measures. Industry experts and Wall Street analysts predict that the resulting...
TradingKey
Fri, Mar 28
US car buyers face higher prices, less choice under Trump's tariffs
LONDON/WHITE LAKE, Michigan, March 28 (Reuters) - Major automakers can deal with President Donald Trump's tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said.Reuters
Fri, Mar 28
Gold price advances to fresh all-time peak amid tariffs-driven global flight to safety
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday. The global risk sentiment takes a hit in reaction to US President Donald Trump's auto tariffs announced on Wednesday.
Fxstreet
Fri, Mar 28
After years of survival, China's Huawei returns to revenue peak
SHENZHEN, China, March 28 (Reuters) - China's Huawei is expected to claim triumph over U.S. sanctions at its upcoming annual results, bolstered by its software push, progress in chips and booming smart-driving technology business that has helped it move out of "survival mode".
Reuters
Fri, Mar 28
Oil holds near one-month high, set for third week of gains amid supply woes
SINGAPORE, March 28 (Reuters) - Oil prices held near one-month highs on Friday and were poised for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying oil and gas from Venezuela and placed restrictions on Iranian oil trade.
Reuters
Fri, Mar 28
Nippon, U.S. Steel offer increased investment to Trump officials to close deal, Semafor reports
March 27 (Reuters) - Nippon Steel 5401.T and U.S. Steel X.N are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday.In recent meetings with White House o...Reuters
Fri, Mar 28
London copper edges lower as US tariff unease weighs
NEW DELHI, March 28 (Reuters) - Copper prices in London edged down on Friday and headed for weekly losses, as unease over looming U.S. tariffs weighed on sentiment. The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) eased 0.05% to $9,842 metric ton, as of 0231 GMT. For the...Reuters
Fri, Mar 28
Japanese Yen rebounds from multi-week low against USD after stronger Tokyo CPI
The Japanese Yen (JPY) drops to a nearly four-week trough against its American counterpart during the Asian session on Friday amid concerns that US President Donald Trump's trade tariffs could impact key domestic exports. The JPY bulls, however, got some respite following the release of...
Fxstreet
Fri, Mar 28
WTI drifts higher above $69.50 amid escalating trade war risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.70 during the early Asian session on Friday. The WTI price gains momentum to a one-month high as the US threat of tariffs on countries buying Venezuelan production still supports prices.Fxstreet
Fri, Mar 28
Fed's Collins says it is clear tariffs will drive inflation up near term
March 27 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up U.S. inflation but it is unclear how persistent that upward pressure will be.Reuters
Fri, Mar 28
Lululemon says slow consumer spending, tariffs hurt annual forecast
March 27 (Reuters) - Lululemon Athletica LULU.O said on Thursday that economic uncertainty was dampening demand for its pricey athleisure apparel and U.S. tariffs on imports from China and Mexico had squeezed its forecast for the year.Reuters
Fri, Mar 28
Musk says a great wrong is being done to Tesla staff, customers -Fox News
March 27 (Reuters) - Tesla Chief Executive Elon Musk said on Wednesday that a great wrong was being done to Tesla TSLA.O employees and customers when asked on Fox News' "Special Report with Bret Baier" about incidents at dealerships that include arson attacks.Reuters
Fri, Mar 28
Oil approaches one-month highs as investors assess supply, trade war risks
Markets mixed on impact of Trump auto tariffs Tariffs on Venezuelan oil buyers still supporting pricesPrices unlikely to return to early 2025 highs, some analysts sayBy Stephanie Kelly and Enes Tunagur NEW YORK, March 27 (Reuters) - Oil prices edged higher on Thursday as traders assessed a tight...Reuters
Thu, Mar 27
European shares at lowest in nearly two weeks as Trump's auto tariff dents sentiment
Auto sector down 1% after tariffs announcementProSiebenSat.1 falls after low-ball bid from MFESTOXX 600 down 0.5%, Germany's DAX down 0.7%By Medha Singh and Nikhil Sharma March 27 (Reuters) - European shares ended at their lowest in nearly two weeks on Thursday, dragged by auto stocks after U...Reuters
Thu, Mar 27
METALS-Copper slips on Trump auto tariffs, uncertainty
By Eric Onstad LONDON, March 27 (Reuters) - Copper prices eased on Thursday after U.S. President Donald Trump announced 25% tariffs on auto imports, which could dampen metals demand. Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.8% at $9,846 a metric ton at 1700 GMT, ...Reuters
Thu, Mar 27
US GDP expands by 2.4% in Q4 vs. 2.3% in previous estimate
The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States' Gross Domestic Product (GDP) expanded at an annual rate of 2.4% in the fourth quarter. This reading came in above the market expectation and the previous estimate of 2.3%.Fxstreet
Thu, Mar 27
PRECIOUS-Gold climbs back toward record high as Trump auto tariffs stoke trade fears
March 27 (Reuters) - Gold prices climbed back towards last week's record high on Thursday after U.S. President Donald Trump announced new tariffs on auto imports starting next week, escalating global trade tensions that have been driving safe-haven demand for gold.Reuters
Thu, Mar 27