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Donald Trump's first day back in office saw no major action on tariffs, but he indicated that new duties on Mexico and Canada are coming, possibly as high as 25%. TikTok and China tariffs remain on the table, and Trump has signed an order establishing an 'America First Trade Policy.' Market reactions were mixed, with S&P 500 futures rising while the US dollar index spiked.
Published on: January 21, 2025, 07:00 AM UTC
President Donald Trump plans to impose tariffs on Mexico and Canada by Feb. 1, citing concerns over undocumented migration and drug trafficking. The move threatens to spark a trade war and has drawn criticism from the auto industry, which relies heavily on imports from both countries.
Published on: January 21, 2025, 07:00 AM UTC
Singapore's central bank may loosen monetary policy this week amid easing inflation and strong economic growth, but some analysts expect it to remain unchanged.
Published on: January 21, 2025, 07:00 AM UTC
Asian stock markets trade mixed ahead of Trump's inauguration, with some gains and losses.
Published on: January 21, 2025, 06:00 AM UTC
Treasuries rallied as President Trump refrained from imposing China-specific tariffs and revoked offshore oil drilling bans, reducing inflation concerns and increasing anticipation of Federal Reserve interest rate cuts.
Published on: January 21, 2025, 06:00 AM UTC
President Trump delayed imposing tariffs on China, instead directing his administration to investigate unfair global trade practices and Beijing's compliance with a previous deal. The fact sheet released outlines measures to address foreign currency manipulation and reduce reliance on foreign supply chains. While Trump threatened increased tariffs on BRICS countries, he refrained from setting a date for additional Chinese tariffs. The decision indicates a shift towards negotiations and a potential new deal with China.
Published on: January 21, 2025, 05:01 AM UTC
Dollar Rebounds Amidst Tariff and Interest Rate Uncertainties
Published on: January 21, 2025, 05:01 AM UTC
President Trump revokes offshore oil and gas leasing bans, environmentalists vow to fight in court.
Published on: January 21, 2025, 05:00 AM UTC
Japan's yen rises against the dollar as traders bet on a potential interest rate hike from the Bank of Japan, despite Trump's tariff announcement.
Published on: January 21, 2025, 05:00 AM UTC
Base metals slide after Trump threatens tariffs on Mexico and Canada, but holds off on China levies.
Published on: January 21, 2025, 05:00 AM UTC