Tag : us tariffs

US crude stockpile surge and OPEC+ supply hike push Brent down 3%
Business

US crude stockpile surge and OPEC+ supply hike push Brent down 3%

manamalive.com
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production...
EU considers countermeasures if US imposes new trade tariffs
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EU considers countermeasures if US imposes new trade tariffs

manamalive.com
The European Commission has requested further clarification regarding U.S. President Donald Trump's recent announcement of imminent tariffs on steel and aluminum exports from European Union countries. The Commission stated that it would not issue an...
Korean won hits new yearly low amid Trump tariff concerns
Business

Korean won hits new yearly low amid Trump tariff concerns

manamalive.com
The South Korean won fell sharply against the US dollar on Monday, reaching its lowest point of the year amid growing concerns over the economic impact of new tariffs announced by US President Donald Trump....
Kremlin rebuffs Trump’s claim on BRICS currency, stresses investments
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Kremlin rebuffs Trump’s claim on BRICS currency, stresses investments

manamalive.com
The Kremlin has dismissed a renewed warning from U.S. President Donald Trump about imposing tariffs on BRICS nations if they move to establish a common currency. Dmitry Peskov, spokesperson for the Kremlin, clarified that BRICS...