US Customs officials are rejecting attempts for companies to reclaim tariff duties, FT reports citing sources
The rejection of tariff duty reclamations by US Customs indicates a potential tightening in trade relations and could escalate tensions with affected companies.
IEA Director Birol says that there is plenty of oil in the market today
[MARKET ANALYSIS] Crude remains underpinned amid geopolitical conflict, despite the US administration effort to curb rising oil prices
US Customs officials are rejecting attempts for companies to reclaim tariff duties, FT reports citing sources
UK BBA Mortgage Rate (Feb) 6.59% (Prev. 6.62%)
EU GDP Growth Rate QoQ 3rd Est (Q4) Q/Q 0.2% vs. Exp. 0.3% (Prev. 0.3%, Low. 0.3%, High. 0.4%)
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This could introduce uncertainties in currency markets, particularly for the USD and relevant trading partners, while also impacting commodities if firms pass on tariffs to consumers, thereby influencing inflation expectations.
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