Dollar firms as traders check back on tariffs – ForexLive
The dollar fell yesterday as traders held out hope that President Trump might not take a tough stance on tariffs. His inaugural address and first orders were not very forceful on this issue, but later in the day he issued a warning here. This brings markets back to reality that things are not that simple […]
Trump threatens 25 percent tariffs on Mexico and Canada starting Feb. 1
President Trump announced Monday that his administration will impose a 25% tariff on imports from Mexico and Canada starting February 1. “We're thinking in terms of 25% for Mexico and Canada, because they're allowing huge numbers of people into the country and fentanyl into the country,” Trump said in the executive order. When signing the […]
Will U.S. Tariffs Disrupt Copper and Aluminum Markets – OilPrice.com
of Copper Monthly Metals Index (MMI) The overall trend has been flat, with a slight decline of 0.65% from December to January. Meanwhile, copper prices continue to react to new US leadership and potential changes in trade policy. Traders bet on rising US copper prices Ahead of President Trump's inauguration, Comex copper prices have begun […]
Treasury Nominee Bessent Defends Tariffs, Nuclear Energy in Hearing
Treasury Secretary nominee Scott Bessent opened his confirmation hearing in the Senate Finance Committee with a powerful attack on the radical left by defending the value of tariffs and nuclear energy. While many in the Democratic Party and Washington's elites support radical free trade and so-called “green energy,” Bessent rejects their elitist views and supports […]
We Didn’t Get Inflation Spike with First Trump Tariffs, But ’25 Different from ’17
In an interview with Bloomberg that aired Thursday on “Balance of Power,” White House Council of Economic Advisers Chairman Jared Bernstein acknowledged that the first Trump administration did not see a spike in inflation from tariffs. However, he claimed that the situation in 2025 will be significantly different from the situation in 2017. Bernstein said: […]
Trump plans ‘External Revenue Service’ for tariffs paid by US importers
Former Congressional Budget Office Director Doug Holtz-Eakin explains the impact of tariffs on Canada's economy and shares his thoughts on President-elect Trump's agenda and the Speaker's vote. President-elect Trump on Tuesday announced plans to create a new “External Revenue Service” tasked with collecting customs revenue, but economists pushed back, saying the agency that would bear […]
Bob Brooks sets the record straight on Trump tariffs
On Thursday’s “Greg Kelly Reports,” Bob Brooks hosted and talked about President-elect Donald Trump’s tariff policy. source
Olive Branch to Trump? Mexico Cuts Chinese Imports, Puts Tariffs on Shein and Temu
Mexican President Claudia Sheinbaum on Monday unveiled an economic plan apparently designed to avoid U.S. President-elect Donald Trump's threatened tariffs by cutting imports from China. He also emphasized that the USMCA trade agreement between the United States, Mexico and Canada is the best way to deal with competition from China. playing cards said During the […]
Trump says he’s creating ‘External Revenue Service’ for tariffs
President-elect Trump said Tuesday that he wants to create an “Internal Revenue Service” that would collect customs duties and other revenue from foreign countries, similar to the Internal Revenue Service (IRS), which collects taxes from Americans. “For too long, we have relied on using the Internal Revenue Service (IRS) to tax the greats. Through soft […]
Gold prices edge higher amid speculation over rates, Trump tariffs – Investing.com
Investing.com — Gold prices rose slightly in Asian trade on Tuesday, stabilizing after overnight losses as traders speculated on how tough trade tariffs President-elect Donald Trump plans will be. did. Markets are also awaiting further clues on US interest rates from key inflation data released this week, with the dollar hovering near a two-year high […]