China's MOFCOM says it is assessing the US Supreme Court's ruling on tariffs and urges the US to lift unilateral tariffs on trading partners
China's Ministry of Commerce's statement regarding the US Supreme Court's ruling suggests rising tensions in trade relations, particularly around tariffs that China deems unlawful.
[MARKET ANALYSIS] Dollar softens amid trade uncertainty after SCOTUS struck down Trump's IEEPA tariffs
[MARKET ANALYSIS] T-note futures are higher following recent tariff developments, but with upside capped amid the closure of overnight cash treasuries trade due to the Japan holiday
China's MOFCOM says it is assessing the US Supreme Court's ruling on tariffs and urges the US to lift unilateral tariffs on trading partners
[MARKET ANALYSIS] Oil futures decline and precious metals are supported with tariffs and geopolitics in the limelight
New Zealand Credit Card Spending YoY (Jan) Y/Y 1.0% (Prev. -0.2%, Rev. From -0.3%)
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Says:
- US tariffs on reciprocal goods and fentanyl breach trade rules and US law, and are not in the interest of any party.
This call for the US to lift unilateral tariffs could have implications for investor sentiment and might affect currency stability, particularly in the USD and JPY, as trade disputes can influence broader market dynamics.
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