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US Dollar Index moves closer to 98.00 amid increasing trade uncertainty

US Dollar Index moves closer to 98.00 amid increasing trade uncertainty

The US Dollar Index (DXY), which gauges the dollar’s strength against six major currencies, has shown a gradual increase after two days of decline, hovering around 97.80 during Asian trading hours on Tuesday. Traders are keenly awaiting the four-week average of US ADP employment changes later today, as well as remarks from officials at the […]

The 1974 Trade Act and Trump’s Authority to Impose Tariffs

The 1974 Trade Act and Trump's Authority to Impose Tariffs

Why Trump’s Critics Are Misguided About Tariff Powers and Balance of Payments The Trump administration has relied on Section 122 of the Trade Act of 1974 to enforce interim tariffs, which has sparked intense criticism from economists and trade experts who oppose him. For instance, former IMF chief economist Geeta Gopinath mentioned on social media […]

EU lawmakers delay vote on US trade agreement due to Trump’s 15% global tariff.

EU lawmakers delay vote on US trade agreement due to Trump's 15% global tariff.

EU Parliament Postpones Trade Deal Vote Again On Monday, the European Parliament opted to delay its vote on the EU’s trade deal for the second time. This decision comes after President Trump introduced a new blanket import tariff of 15%, which affects various goods from the EU. Discussions within the EU have centered around proposals […]

Stocks drop as traders realize Trump has severe options for new trade tariffs

Stocks drop as traders realize Trump has severe options for new trade tariffs

Market Update: Dollar Weakens as Tariff Uncertainty Looms The dollar has lost value against foreign currencies. In Asia and Europe, stock markets faced significant declines. Early trading showed S&P 500 futures down by 0.22%. Investors are starting to recognize that the ramifications of the U.S. Supreme Court’s tariff ruling, along with President Trump’s response, are […]

Forex Today: US trade issues and geopolitical tensions lead to a rocky beginning of the week

Forex Today: US trade issues and geopolitical tensions lead to a rocky beginning of the week

What to Know on Monday As we begin the week on February 23rd, financial markets are experiencing some volatility. Investors are currently digesting the latest news regarding the U.S. trade policies and geopolitical issues. Without any significant data being released today, many will be closely monitoring these developments. The Supreme Court recently ruled against the […]

Former Prince Andrew billed taxpayers for massages while serving as UK trade representative, according to reports.

Former Prince Andrew billed taxpayers for massages while serving as UK trade representative, according to reports.

Investigation Into Andrew Mountbatten-Windsor Andrew Mountbatten-Windsor is under scrutiny for allegedly misusing taxpayer funds for massages during his tenure as Britain’s trade envoy. British authorities are looking into whether he shared sensitive trade documents with convicted sex offender Jeffrey Epstein. A former civil servant from the trade sector in the 2000s claimed he was dismissed […]

EU States U.S. Must Uphold Trade Agreement Following Supreme Court Tariff Decision

EU States U.S. Must Uphold Trade Agreement Following Supreme Court Tariff Decision

EU Calls for Clarity After U.S. Court Ruling on Tariffs BRUSSELS — The European Union’s regulatory body is pressing for “full clarity” regarding the recent U.S. Supreme Court decision that overturned certain tariffs implemented by former President Trump. They’re also encouraging trading partners to adhere to their commitments. Trump responded to the court’s decision by […]

Scott Bessent Discusses the Future of Trump’s Tariffs and Trade Agreements

Scott Bessent Discusses the Future of Trump's Tariffs and Trade Agreements

Tariff Revenues Expected to Stay Steady, Says Treasury Secretary Treasury Secretary Scott Bessent appeared on “Sunday Morning Futures” with Maria Bartiromo, stating that tariff revenues are unlikely to drop despite a recent Supreme Court ruling regarding President Trump’s “Emancipation Day” tariffs. The Supreme Court ruled 6-3 that Trump overstepped his authority under the International Emergency […]