Trump raises tariffs on Canadian goods over Reagan advert

Oil prices have surged following their best weekly performance since June, fueled by growing optimism that the US and China are on the verge of reaching a trade agreement. This potential deal is significant as it could enhance demand for oil, reflecting a positive shift in global economic sentiment. Investors are hopeful that improved trade relations will lead to increased consumption, making this development crucial for the energy market.

Former President Donald Trump has announced a reversal of Biden-era regulations on copper smelters, a move that could boost the U.S. mining industry and create jobs. This decision is significant as it reflects a shift towards prioritizing economic growth and energy independence, potentially leading to increased domestic production of copper, which is essential for various industries, including renewable energy. Supporters argue that this will enhance the U.S.'s competitive edge in global markets.

South Korean President Lee Jae Myung has expressed concerns that negotiations with the U.S. regarding a significant $350 billion investment pledge are at a standstill. This impasse raises doubts about finalizing a trade deal before the upcoming APEC summit, where President Trump is expected to be present. The outcome of these talks is crucial as it could impact economic relations between the two nations and set the tone for future collaborations.

US stock futures surged as news broke that the US and China are close to finalizing a significant trade deal. This development comes during President Donald Trump's diplomatic visit to the region, highlighting the importance of international relations in boosting market confidence. Investors are optimistic about the potential economic benefits that a resolution could bring, making this a crucial moment for both countries and the global economy.

Bessent has criticized a recent anti-tariff advertisement featuring Reagan, labeling it as 'psy-ops' aimed at manipulating U.S. citizens. He argues that the U.S. support for Argentina should still be viewed as an 'America first' initiative, as it strengthens ties with an ally. This perspective highlights the ongoing debate about the implications of U.S. foreign policy and its impact on domestic perceptions.

Recent reports indicate that companies have been absorbing tariff costs to protect buyers, but this relief may soon end. As tariffs rise, consumers could face higher prices, impacting their purchasing power and overall economic stability. This shift is significant as it highlights the delicate balance between trade policies and consumer welfare.

Argentina's recent elections highlight the challenges facing the Milei coalition, which, despite a decent performance, is unlikely to resolve the country's ongoing monetary issues. This situation is significant as it reflects broader economic instability and the potential impact on international relations, particularly with figures like Trump influencing global perceptions.

Former President Donald Trump has successfully negotiated significant trade deals focused on critical minerals in Southeast Asia. This development is crucial as it not only strengthens economic ties between the U.S. and the region but also enhances the supply chain for essential materials needed in various industries, including technology and renewable energy. By securing these agreements, Trump aims to bolster American manufacturing and reduce dependency on foreign sources, which could have long-term benefits for the U.S. economy.

Australia has initiated legal proceedings against Microsoft, alleging that the tech giant misled approximately 2.7 million customers regarding its products and services. This case is significant as it highlights the ongoing scrutiny of large corporations and their accountability to consumers, potentially setting a precedent for how tech companies communicate with their users.

Dow futures surged by 300 points as optimism grows over a potential ceasefire in the U.S.-China trade war. This positive momentum is further fueled by Wall Street's anticipation of another Federal Reserve rate cut and upcoming earnings reports from major tech companies like Meta, Microsoft, and Alphabet. With Apple and Amazon also set to report soon, investors are hopeful that these earnings will reflect strong performance, which could bolster market confidence and economic stability.

Perseus Mining has reported strong gold production in its Q1 2025 earnings call, showcasing the company's robust operational performance. This positive trend is significant as it reflects the company's ability to navigate market challenges and capitalize on opportunities, which could lead to increased investor confidence and potential growth in the mining sector.

POET Technologies has successfully raised $150 million through a registered direct offering, marking a significant milestone for the company. This influx of capital is expected to bolster its growth initiatives and enhance its technological advancements, which is crucial in the competitive tech landscape. Investors are optimistic about the potential returns, making this a noteworthy development in the tech sector.

Walmart's collaboration with OpenAI to integrate AI-powered shopping into ChatGPT marks a significant shift in the retail landscape, directly challenging Amazon's dominance. This partnership not only enhances the shopping experience for consumers but also sets a new standard for how retailers can leverage technology to improve search and discovery. As AI continues to evolve, this move could reshape competition in the retail sector, making it an exciting development for both companies and shoppers alike.

UK Chancellor Rachel Reeves is heading to Saudi Arabia to push for a trade deal with Gulf states, aiming to enhance the UK's economic growth ahead of her important budget announcement. This visit is significant as it highlights the UK's commitment to strengthening international trade relationships, which could lead to increased investment and economic opportunities.