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EMERGING MARKETS: Global News: January 22

EMERGING MARKETS
  • US (WSJ) – President Trump is using the threat of imposing stiff tariffs on goods from Canada and Mexico as soon as next week to pressure the two nations to start renegotiating a continental trade deal, according to people familiar with the matter. The USMCA trade agreement is up for statutory review in 2026, but Trump hopes to renegotiate it sooner, the people said.
  • EU (MNI) – Dutch National Bank President Klaas Knot says he is comfortable with market expectations for interest rate cuts at the next two meetings of the ECB Governing Council. In an interview with Bloomberg TV Wednesday, Knot said he was less certain about cuts beyond that time horizon as the ECB gets closer to the neutral rate of interest.
  • CHINA / RUSSIA (BBG) – Chinese leader Xi Jinping hailed his country’s ties with Russia during a video call with Vladimir Putin a day after Donald Trump’s inauguration as US president, signalling a resolve to deepen their alliance. Xi said he’s willing to work with his Russian counterpart to take bilateral relations to new heights, the official Xinhua News Agency reported Tuesday.
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  • US (WSJ) – President Trump is using the threat of imposing stiff tariffs on goods from Canada and Mexico as soon as next week to pressure the two nations to start renegotiating a continental trade deal, according to people familiar with the matter. The USMCA trade agreement is up for statutory review in 2026, but Trump hopes to renegotiate it sooner, the people said.
  • EU (MNI) – Dutch National Bank President Klaas Knot says he is comfortable with market expectations for interest rate cuts at the next two meetings of the ECB Governing Council. In an interview with Bloomberg TV Wednesday, Knot said he was less certain about cuts beyond that time horizon as the ECB gets closer to the neutral rate of interest.
  • CHINA / RUSSIA (BBG) – Chinese leader Xi Jinping hailed his country’s ties with Russia during a video call with Vladimir Putin a day after Donald Trump’s inauguration as US president, signalling a resolve to deepen their alliance. Xi said he’s willing to work with his Russian counterpart to take bilateral relations to new heights, the official Xinhua News Agency reported Tuesday.