Trade News
U.S. Targets Turkish Bank Over Iran Ties, Draws Line Under Broader Sanctions Campaign
U.S. sanctions a Turkish bank over Iran ties while Bessent signals no further penalties; lira holds at 48.4400 per dollar.
Canada Hits Back With 50% Tariffs as Trump Trade War Escalates
Canada slaps 50% retaliatory tariffs on $20bn of US goods after Trump's auto tariff threat. USD/CAD holds at 1.3875 amid trade tensions.
Trump's Canada Tariffs Draw Fire as Loonie Holds Near 1.39
Trump faces backlash over Canada trade war as USD/CAD trades at 1.3861 and USD/KRW sits at 1385.41, raising cost concerns for US consumers.
Treasury Chief's Iran Sanctions Push Puts Beijing in the Crosshairs
Bessent vows toughest-ever Iran sanctions, urges China's cooperation. USD/CNY holds at 6.7220 amid rising geopolitical risk.
Trump Delays 50% Canada Tariff Three Days as Deal Nears, Dollar Steady at 1.3882 CAD
Trump delays 50% tariff on Canadian goods three days citing near-final deal; USD/CAD steady at 1.3882 as $20bn in exports hang in balance.
Iran Oil Blockade Tightens: How Energy Sanctions Are Reshaping Currency Markets
Kharg Island idles under US sanctions. Here's what Iran's stalled oil exports mean for the dollar, euro, yuan, and rupee.
Attorneys-General Take Trump's Tariffs to Court Over Forced Labour Claims
20+ attorneys-general challenge Trump's tariffs over forced labour laws. USD holds at 0.869 EUR, 157.7 JPY as trade legal risk mounts.
Brazil Takes the Hardest Hit as Trump Rebuilds His Tariff Wall
Brazil's effective US tariff rate jumps from 11% to 17.7%, the steepest rise in Trump's latest trade wave. USD/BRL holds at 5.0914.
U.S. Threatens New EU Tariffs Over Tech Fines, Putting Dollar-Euro Rate in Focus
The U.S. may impose new EU tariffs over tech fines. Dollar buys €0.8790 as transatlantic trade tensions mount. What it means for exporters.
U.S. Sets 10%–12.5% Tariff Floor on Major Trading Partners in Legally Hardened Trade Push
The U.S. imposes 10%–12.5% tariffs on major trading partners. Dollar buys 0.879 EUR, 163.84 JPY as markets reprice trade risk.
EU Sanctions Unity Fractures as Member States Demand Carve-Outs for Ukraine Strategy
EU member states are blocking or carving out Russia sanctions, fracturing a four-year strategy. The euro trades at 0.8760 as political risk rises.
Trump's Wildfire Smoke Tariff Threat Keeps Pressure on the Canadian Dollar
Trump threatens new tariffs over Canadian wildfire smoke as USD/CAD holds at 1.40275. What it means for cross-border trade and the loonie.
