EU approves counter-tariffs on US goods
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Trump, tariffs
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The United States appears firm on its slated tariff increase on the EU following comments made by U.S. Commerce Secretary Howard Lutnick over the weekend.
Brazilian President Luiz Inacio Lula da Silva responded to Trump's letter by issuing a statement saying that any unilateral measure to increase tariffs would be met with a response in accordance with Brazilian law.
Oil prices seem to have remained in their tight sideways motion since last week. We are to discuss the upcoming tariff deadline from the US and the state of the US oil market once more . The report is to be concluded with a technical analysis of WTI’s daily chart.
Many economists already believe it’s a matter of time before Americans start to see sticker shock from the tariffs President Donald Trump has enacted. That timeline could speed up even more if Trump follows through with his latest package of tariff threats slated to take effect in three weeks.