U.S. President Donald Trump said on Monday the U.S. is not backing down on its decision to impose 25% tariffs on steel imports and 10% tariffs on imported aluminum products. Before a White House meeting with Israeli Prime Minister Benjamin Netanyahu, Trump suggested Mexico and Canada could be exempted from the planned tariffs if a new and “fair” North American Free Trade Agreement (NAFTA) is reached.
After a lengthy debate, Washington State Legislature has passed a bill phasing out Atlantic salmon net-pen farming ban in the state waters. The approved bill would end state leases and permits for operations that grow nonnative finfish in state waters when current leases expire in 2022.
Oil prices rose early on Monday ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut. Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) and other global oil players are set to gather in Houston as CERAWeek, the largest energy industry conference, begins on Monday.
The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration of stability in many oil-producing regions, aggravating risks for both oil companies and the oil market, according to a new report.
Two major US retailers have announced new restrictions on gun sales following the shooting at a Florida school where 17 people died. Dick's Sporting Goods, which has more than 600 shops, said it would no longer sell assault-style rifles, and backed “common sense gun reform”. Walmart later said it was raising the minimum age for anyone buying guns or ammunition to 21 years.
Federal Reserve Chairman Jerome Powell, pledging to strike a balance between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.
American Cruise Lines has announced that construction has begun on the second modern riverboat in the series of five. The second riverboat is the sister-ship to state-of-the-art American Song, the first modern riverboat available in the U.S., which will make its inaugural cruise on the Mississippi River this October.
US billionaire Warren Buffet says his conglomerate has received a profit boost of US$ 29 billion as a result of President Donald Trump's tax reforms, he says. Berkshire Hathaway reported a record quarterly and annual profit on Saturday.
The Organization of American States (OAS) was meeting in Washington on Tuesday from 10:00 AM local time on the subject of Venezuela and “the latest events” that have occurred in the Caribbean country. 19 of the 24 members voted in favor of a resolution calling on Venezuela to postpone the elections scheduled for April.
Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.