economy
-
Trump Halts Canada Trade Talks After Ontario Ad Misuses Reagan Anti-Tariff Clip
U.S. President Donald Trump announced on Thursday that all ongoing trade negotiations with Canada had been formally terminated, citing what he described as a “fraudulent” political advertisement circulating in Ontario that used archival footage of former President Ronald Reagan speaking critically about tariffs. The decision, made public through Trump’s Truth Social account, marks a new…
-
U.S. Sanctions Rosneft, Lukoil; Putin Defiant as Oil Jumps, War Pressure Mounts
Russian President Vladimir Putin projected defiance on Thursday after U.S. President Donald Trump imposed sweeping sanctions on Rosneft and Lukoil, Russia’s two largest oil producers, in a bid to compel Moscow to halt its war in Ukraine. The announcement, made as oil prices jumped roughly five percent, immediately reverberated through energy markets: Chinese state oil…
-
Trump’s Social Media Reveals Preferred Oil Price Range, Says Goldman Sachs Analysis
Goldman Sachs commodity analysts have conducted a detailed review of over 1,000 social media posts authored by U.S. President Donald Trump across a sixteen-year span, encompassing both Twitter and Truth Social platforms. Their aim was to trace recurring thematic patterns in Trump’s public communications specifically concerning the energy sector, with a focus on his rhetorical…
-
How the Trump Administration Dismantled America’s Defense Against Foreign Disinformation
In a move emblematic of the Trump administration’s sweeping campaign to dismantle mechanisms perceived as encroachments on First Amendment rights, the U.S. Department of State has officially closed its final remaining office dedicated to countering foreign disinformation efforts. The closure of the Counter Foreign Information Manipulation and Interference (R/FIMI) hub—a successor to the Global Engagement…
-
California vs. the Tariff State: A Constitutional Battle for Economic Sovereignty
In an escalating confrontation between state and federal authority, the State of California has launched a high-stakes legal challenge against President Donald Trump’s aggressive tariff regime, marking a direct confrontation between a subnational government and the executive branch over trade policy. Governor Gavin Newsom and Attorney General Rob Bonta jointly announced their intent to file…
-
How U.S. Export Controls on AI Chips Are Reshaping the Global Tech Order
The U.S. government’s decision to indefinitely restrict the export of Nvidia’s H20 artificial intelligence chip to China has triggered a significant financial and strategic upheaval within one of the world’s leading AI hardware firms. Nvidia has disclosed it will incur a $5.5 billion charge, a figure reflecting losses tied to inventory, contractual purchase obligations, and…
-
The Unraveling of Global Trade: Trump’s Tariff War and the Specter of Economic Decoupling
The World Trade Organization has issued a stark and data-driven warning that the dramatic escalation of tariff policy under Donald Trump’s renewed economic agenda is set to reverse the direction of global trade in 2025, thereby constraining international economic growth and destabilizing the global trading system. WTO’s latest analysis, headquartered in Geneva, reflects a deep…
-
Gold Surges Past $3,300 as U.S.-China Trade War Escalates
Gold has surged to an unprecedented level above 3300 dollars per ounce, exceeding 3317 dollars, in the midst of intensifying tensions between the United States and China over tariffs and technology exports. Fears of a potential global recession and the need for safe-haven investments have propelled it to new heights, with investors reacting to the…
-
IEA Cuts Oil Demand Forecasts Citing Long-Term Oversupply Concerns and OPEC’s Market Strategy Shift
Natasha Kaneva from JPMorgan, speaking on “Bloomberg The Close,” emphasizes that the International Energy Agency (IEA) has reduced its global oil demand forecast for 2025 by nearly one third, warning of an oversupply that could extend into 2026. She explains that her baseline view for over a year has been that significant oversupply would affect…
Gros News 