Key Takeaways:
Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov and Black Sea as part of broader military efforts. On Friday, market chatter indicated that there were proposals for two options to ensure the safety of civilian vessels in the Black Sea: a flag-state system and a system of short-term ceasefires. Later news reports indicated that neither Russia nor Ukraine had much interest in fleshing out these proposals through formal negotiations. Practically, WPI remains highly skeptical of any deal stemming from...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Just when we thought it was safe to step outside and enjoy some certainty in the world of international commerce, the Trump Administration announced on Thursday afternoon a barrage of tariffs on 60 countries based on its recent Section 301 investigations. Section 301 permits the executive branc...
