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EMERGING MARKETS: Global News: February 04

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • US / CHINA (MNI Beijing) – China will impose an extra 15% tariff on US coal and LNG imports from February 10, the Ministry of Finance said on Tuesday. An additional 10% charge will be applied to shipments of crude oil, agricultural machinery and some automobiles, the Ministry added. Washington’s decision to impose a 10% tariff on all Chinese goods violates WTO rules and undermines trade cooperation between the two countries, a statement from the Ministry said.
  • US (WSJ) – President Trump on Monday said there were curbs in place to prevent Elon Musk from doing anything in the government without the White House’s blessing, responding to growing confusion about who was overseeing Musk’s push to dismantle multiple agencies. Trump described Musk’s role as advisory.
  • US / ISRAEL (BBG) – Talks between Donald Trump and Benjamin Netanyahu on Tuesday are set to determine the course of Israel’s war against Hamas and, potentially, the prime minister’s ability to remain in power. In the first visit by a foreign leader to Trump’s White House, the two will discuss the ongoing truce in Gaza, which the US President’s Middle East envoy has indicated he wants to make permanent.
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  • US / CHINA (MNI Beijing) – China will impose an extra 15% tariff on US coal and LNG imports from February 10, the Ministry of Finance said on Tuesday. An additional 10% charge will be applied to shipments of crude oil, agricultural machinery and some automobiles, the Ministry added. Washington’s decision to impose a 10% tariff on all Chinese goods violates WTO rules and undermines trade cooperation between the two countries, a statement from the Ministry said.
  • US (WSJ) – President Trump on Monday said there were curbs in place to prevent Elon Musk from doing anything in the government without the White House’s blessing, responding to growing confusion about who was overseeing Musk’s push to dismantle multiple agencies. Trump described Musk’s role as advisory.
  • US / ISRAEL (BBG) – Talks between Donald Trump and Benjamin Netanyahu on Tuesday are set to determine the course of Israel’s war against Hamas and, potentially, the prime minister’s ability to remain in power. In the first visit by a foreign leader to Trump’s White House, the two will discuss the ongoing truce in Gaza, which the US President’s Middle East envoy has indicated he wants to make permanent.