• Trump tariff “Liberation Day” and the latest jobs report loom in the week ahead. • ExxonMobil appears well-positioned to capitalize on the changing dynamics of energy trade. • General Motors is expected to face challenges due to the new tariffs set to be unveiled, potentially making it a stock to sell. • Looking for…
By Chen Aizhu and Siyi Liu SINGAPORE (Reuters) – Trade of Venezuelan oil to top buyer China stalled on Tuesday after U.S. President Donald Trump’s order threatening tariffs on countries buying from Caracas created fresh uncertainty, days after U.S. sanctions targeting China’s imports from Iran. Trump’s order, which caught traders and refiners in China by…
(Bloomberg) — China’s private refiners, long plagued by excess capacity and paper-thin margins, are facing yet another setback as the Trump administration imposes a 25% tariff on any buyer of Venezuelan oil and gas. Most Read from Bloomberg Beijing has had close commercial and political ties to Venezuela for years, fostering close connections to both…
US President Donald Trump on Monday announced steep tariffs on imports from countries buying Venezuelan oil and gas, a move that could affect major economies like China and India and add to global trade uncertainty, reported AFP. President Donald Trump speaks at a reception celebrating Greek Independence Day in the East Room of the White…