Canada says Trump's metal tariffs are “completely unreasonable” to file a complaint with the WTO for Hong Kong – Business Live | International Trade

It is always worth noting when birds change their feathers. Take off a coat is attractive and beneficial – reminding us of a change in situations (Ed enough spring watch).

Just like ornithology, it is also monetary policy. last week, Katherine Man – Previously a policymaker at a hawkish bank, opposing drastically lowering interest rates and becoming a dove!

Urban economist is surprised Man Joined reliable Swati dhingra When their seven colleagues wanted to lower the standard by just a quarter of the point, when they voted for a half-point cut in UK interest rates.

Man This morning's speech is expected to outline her thoughts.

But in an interview with the Financial Times, it just published Man She voted half of the job market last week due to weaker job markets and slower consumer demand, which would make it harder for businesses to raise prices and fuel inflation.

Man It is now believed that weakened UK consumers will bring “lack of pricing power” to businesses.

Guide JM Keynes' famous “When the facts change…” Quote, Man explain:

“The demand conditions are much weaker than this – I changed my mind,

Man It also warned that data points to a “nonlinear” decline in employment as businesses with minimum wage and employer state insurance contributions suffered attacks.

Last week, the bank said it would take a “gradually cautious” approach to easing monetary policy.

Their new pigeons are not cautious! As Mann told Foot:

“In my opinion, in a way, we think we think it is the proper financial position of the UK economy, and I think the bigger move is an excellent means of communication.”

According to Reuters, the EU trade minister will hold a video conference on Wednesday that it announced last night that the U.S. would impose a 25% tariff on steel and aluminum tariffs.

The European Commission, which oversees EU trade policy, will measure the views of 27 EU members at a video conference held at 3 p.m. GMT.

In the city, BP's quarterly profit fell to a four-year low as profit margins fell as its refinery operations fell.

BP's Basic alternative cost profits (its definition of net income) fell to $11.7 billion in the fourth quarter of 2024, down from $2.99 ​​billion last year.

bp explain:

Compared to the third quarter of 2024, the basic results reflect weaker optimized margins, higher impacts of turnover activities, seasonal customer volume and fuel margins, and basic charges for other businesses and companies.

Each year, profits fell to $8.9 billion (£7.9 billion) last year from nearly $14 billion in 2023.

CEO Murray Auchincloss Defending on the decline in profits, BP will now “substantiate our strategy and drive further performance improvements” by “reshaping” its energy portfolio in 2024.

Auchincloss Under pressure after aggressive investors Elliott st bp.

Carlos Slim, Mexico's wealthiest man, warned that tariffs simply don't work.

Speech at Monday's annual meeting Slim warn:

“They increase inflation…interest rates won’t drop…Tariffs don’t solve the problem.”

Trump's tariff threat is just a negotiation tool. Slim debate.

SlimAccording to Bloomberg, the $81.5 billion worth is $81.5 billion, which controls Latin America’s largest mobile phone operator and also has stakes in the construction industries of commercial banks, energy companies and Mexico.

He also argued that Trump has a lot to do in the next four years, adding:

“What the United States has to do is restore global leadership,” he said.

“If he did doubles twice, it would be interesting, assuming that it reduces the cost of something on the one hand and reduces the access to his investment on the other hand.”

Gold prices have set new records as demand for safe haven assets continues to drive gold bars.

Spot gold prices are as high as $2,942.70 after Donald Trump announced new steel and aluminum tariffs. This means it has risen more than 11% so far this year.

Ipek Ozkardeskayasenior analyst Swiss bank, explain:

The dollar extended earnings and gold hit new ATH, and new tariff threats from Donald Trump are fueling. Additionally, China now allows insurance companies to buy gold and hold 1% of its precious metals, as other investment options are currently not ideal.

French Minister of Industry and Energy Marc Ferracci responded to Trump's tariffs, saying Europe should respond in a joint and firm manner, according to Reuters.

Donald Trump announced a 25% tariff on foreign steel and aluminum on Monday, raising his controversial bid to increase the collection of the U.S. economy and thus increase taxes imported from overseas.

After modification The president declared that the U.S. duty would be implemented “without exception or exemption” to combat the hopes of countries that want to avoid this.

Trump first imposed huge tariffs on foreign steel and aluminum during his first presidency. The lawsuit announced Monday night ended the exemption granted to certain countries and raised the tax rate on aluminum.

However, according to White House officials, the changes did not take effect until March 4 – raising the prospects for the Trump administration's brokerage and the administration seeking probation.

Countries, including Australia, are already filing cases, and Trump later said he would “good consideration” about Australia's demand for steel tariffs due to the country's trade deficit with the United States.

Good morning, welcome to rolling coverage of our business, financial markets and the world economy as the response to the latest U.S. tariffs emerge.

Donald Trump Announced a 25% tariff on foreign steel and aluminum on Monday, raising his controversial bid to boost the U.S. economy by taxing taxes on overseas imports.

After modification The president declared that the U.S. duty would be implemented “without exception or exemption” to combat the hopes of countries that want to avoid this.

Asked about the possibility of other countries retaliating against U.S. tariffs, trump card Say, “I don't mind.”

Canadian industry minister said U.S. tariffs were “totally unreasonable” and Canadian steel and aluminum provided support for major U.S. industries, including defense, shipbuilding, energy and automobiles.

Meanwhile, Hong Kong will file a complaint with the World Trade Organization for the recent U.S. tariffs imposed on cities by the U.S., claiming the U.S. has completely ignored the city's status as a separate customs territory, Chief Secretary Eric Chan said Tuesday .

“This is absolutely inconsistent with the WTO rules. Of course, they completely ignore that Hong Kong is an independent customs territory.

“We will file a complaint with the WTO about such an unreasonable arrangement,” he said.