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Trump also mentioned his intent to impose tariffs on Canada and Mexico starting Feb. 1, sparking concerns of a trade war that could impact economic growth and, as a result, oil consumption.
Oil and gas prices jumped on Monday after Trump imposed tariffs over the weekend. The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, with a 10% ...
The market anxiety ahead of Donald Trump's tariffs deadline focused Friday on oil and gas after the president acknowledged there could be issues including the energy staple in his overall plans.
Trump said the tariffs would be imposed due to Chinese theft of U.S. intellectual property. [126] Trump said his planned tariffs on Chinese imports would make the United States "a much stronger, much richer nation". [127] However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126]
Trump changed the market narrative on trade policy this week, easing fears that have weighed on investors. The president has shifted investors' focus to his pro-growth agenda.
O n Thursday afternoon, President Donald Trump signed a memorandum calling for “fair and reciprocal” tariffs on all U.S. trading partners, directing his advisors to begin calculating new ...
Trump’s agenda of cheaper energy, deregulation and low taxes will accelerate that economic vigor. Don’t slam the brakes with tariffs. Paul Mueller, Ph.D., is a senior research fellow at the ...
LONDON/NEW YORK (Reuters) -The dollar extended its slide while crude prices curtailed their losses after U.S. President Donald Trump said on Monday he would tariff and tax countries to enrich ...