US House majority backs resolution to eliminate Trump's tariffs on Canada
The US House backing the resolution to eliminate Trump's tariffs on Canada suggests a potential easing of trade tensions, which could strengthen USD and improve sentiment in equities and commodities.
US President Trump posts "Canada has taken advantage of the United States on Trade for many years. They are among the worst in the World to deal with, especially as it relates to our Northern Border"
US President Trump posts "Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries!"
US House majority backs resolution to eliminate Trump's tariffs on Canada
US Energy Secretary Wright states Venezuela oil quarantine is essentially over, calling it a historic pivot, but notes political prisoners remain an issue
RBA Governor Bullock says economy performing reasonably well, labour market a positive development, adds the Bank will monitor data and act if inflation becomes entrenched, warning that further rate hikes may be needed
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
If this resolution leads to reduced costs for imports, it may also hint at a softer inflation outlook, impacting monetary policy expectations. Market participants should watch for ripple effects across relevant currencies and sectors, especially in energy and materials.
Related headlines
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased6 hours ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates1 hour ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 2 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln1 hour ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed1 hour ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources1 hour ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks2 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports3 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin with mild gains after the positive lead from Wall St, where the major indices recouped some of the recent losses as yields edge lower, while Trump said the renewed campaign against Iran would not continue for too long9 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US6 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement1 hour ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output4 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hanwha Ocean (042660 KS) won a KRW 1.55tln order from Taiwan’s Yang Ming Marine Transport to build six LNG dual-fuel container ships9 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind43 min ago
- US Ambassador to NATO Matthew Whitaker says Iran is a bankrupt country and will not be able to pay anyone in its military, civil service or government, nor subsidise its society9 hours ago
- [MARKET ANALYSIS] Dollar is marginally softer with a mixed performance against major peers, while JPY continues its outperforms despite no obvious news catalysts6 hours ago
- India and China could hold talks on the sidelines of BRICS summit, Indian Trade Minister says 2 hours ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday1 hour ago
- [MARKET UPDATE] Yen strength continues with USD/JPY below 157.50, EUR/JPY below 183.00 - no headline driver but traders cite increased BoJ hike bets3 hours ago
- [MARKET UPATE] Further JPY strength with EUR/JPY below 182, USD/JPY beneath 157 to a 156.63 base, surpassing 7th August low2 hours ago
The whole workspace, free to try.
Try it free