US President Trump's new tariffs face a legal challenge by a group of states, via Bloomberg TV
Newsquawk Staff ·
- Twelve US states to sue to stop Trump's latest worldwide tariffs, according to the Oregon Attorney General.
What it means
The challenge against President Trump's tariffs by twelve states introduces legal uncertainty that could impact trade relations and economic sentiment. This could lead to volatility across currencies and commodities as traders reassess the implications on US trade policy. Key assets like the USD and commodities may experience shifts in demand as the situation unfolds.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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