USTR Greer tells Mexican firms that auto and steel tariffs will not go down to zero, Reuters reports citing sources
The USTR's indication that auto and steel tariffs will not be eliminated signals the continuation of trade tensions between the U.S.
UK sells GBP 5bln 4.00% 2029 Treasury Gilt: b/c 3.35x (prev. 3.49x), avg. yield 4.238% (prev. 3.810%), tail 0.2bps (prev. 0.4bps)
Barclays (BARC LN) faces scrutiny by UK Regulators over SRT deals, Bloomberg reports
USTR Greer tells Mexican firms that auto and steel tariffs will not go down to zero, Reuters reports citing sources
Russia is to pause Kazakhstan's oil exports to Germany through the Druzhba pipeline starting May 1st, Reuters reports citing industry sources
Canada is reportedly considering a new oil pipeline route in southern British Columbia that some believe will face less resistance than the proposed Alberta route, Globe & Mail reports citing sources
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and Mexico. This suggests potential ongoing cost pressures for Mexican firms in affected sectors, which could influence their competitiveness while impacting supply chains and market dynamics in these commodities. Watch for movements in steel prices and related equities as the market digests this stance.
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