• Major legal decision on U.S. tariffs awaited
Global markets are watching a key U.S. court ruling that could determine whether emergency-based tariffs remain valid or are rolled back.
• Importers prepare for large refund claims
Companies are lining up for potential tariff refunds worth billions if existing duties are struck down or revised.
• High tariffs push up metal prices
Tariffs combined with low inventories have driven sharp increases in aluminium and industrial metal prices, impacting manufacturing costs.
• Trade uncertainty keeps markets cautious
Ongoing tariff disputes are adding volatility to equity and commodity markets as businesses delay long-term decisions.
• Stronger pressure on countries buying sanctioned oil
The U.S. is considering very steep tariffs on nations continuing trade with sanctioned oil producers, raising geopolitical tensions.
• Global supply chains adjust
Exporters in Asia and other regions are rerouting trade and diversifying markets to reduce reliance on tariff-hit routes.
• U.S. trade deficit narrows
Higher tariffs and reduced imports have contributed to a noticeable contraction in the U.S. trade gap.
