President Trump announced a 25 percent tariff on all foreign steel and aluminum imports into the United States, including allies like Canada and Mexico. This decision comes after imposing tariffs on China and threatening Europe, Taiwan, and others. The president plans to announce reciprocal tariffs on America’s trading partners, potentially sparking trade disputes and violating WTO commitments.
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Top shale boss says US oil companies will not flock back to Russia
US oil producers, including Continental Resources' Harold Hamm, are hesitant to invest in Russia despite talks of a peace deal, citing past losses and geopolitical risks. ExxonMobil and Chevron have previously scaled back operations in Russia due to sanctions, with analysts cautioning against hasty returns. Hamm supports Trump's tough stance on sanctions and tariffs, emphasizing US LNG exports for European energy security and praising the president's accomplishments in his first term. Full Article
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