More Trump tariffs and huge protests in Islamabad
Andrew Sheves Good morning.
Three headlines for you.
Citing the flow of drugs and migrants across the US border, President-elect Trump threatened additional tariffs of 25% on Mexico and Canada and 10% on China. These appear to be in addition to the blanket 10% tariffs Trump plans to impose on all imports and 60% on Chinese goods. [SOURCE - Bloomberg]
In Pakistan, protestors demanding the release of former Prime Minister Imran Khan have reached the central D Chowk square in Islamabad. The situation is tense and fluid, and what happens next is uncertain but Khan has asked his supporters to occupy the center of Islamabad until their demands are met. The BBC has live coverage here.
The Israeli cabinet is due to vote on a ceasefire proposal to end its war in Lebanon today. The motion is expected to pass but Beirut continues to come under heavy Israeli bombardment while the deliberations continue. [SOURCE - Bloomberg]
Commodity and Rate Snapshot
🛢️** Crude Futures (WTI)**
$69.61
💵 **USD:EUR **
$1.051 (Price of 1EUR in USD)
₿ Bitcoin
$92,960
As at Nov 26, 06:00ET -Data is illustrative, not for decision-making.
Financial data via Bloomberg, Freightos and AlphaVantage
Americas Stability Ratings and News Summary
More Unstable
🇦🇷 Argentina, 🇧🇿 Belize, 🇧🇴 Bolivia, 🇧🇷 Brazil, 🇨🇦 Canada, 🇨🇴 Colombia, 🇨🇺 Cuba, 🇩🇴 Dominican Republic, 🇪🇨 Ecuador, 🇸🇻 El Salvador, 🇬🇩 Grenada, 🇬🇹 Guatemala, 🇬🇾 Guyana, 🇭🇹 Haiti, 🇭🇳 Honduras, 🇯🇲 Jamaica, 🇲🇽 Mexico, 🇳🇮 Nicaragua, 🇵🇪 Peru, 🇱🇨 Saint Lucia, 🇸🇷 Suriname, 🇹🇹 Trinidad and Tobago, 🇺🇸 United States Of America, 🇻🇪 Venezuela
More Stable
No countries were more stable over this period
Unchanged
🇦🇬 Antigua and Barbuda, 🇧🇧 Barbados, 🇨🇱 Chile, 🇨🇷 Costa Rica, 🇩🇲 Dominica, 🇵🇦 Panama, 🇵🇾 Paraguay, 🇰🇳 Saint Kitts and Nevis, 🇻🇨 Saint Vincent and the Grenadines, 🇧🇸 The Bahamas, 🇺🇾 Uruguay
Americas News Summary
The recent G20 summit in Brazil has spotlighted the humanitarian crisis in Gaza, prompting leaders to emphasize the need for international cooperation in addressing global challenges. This concern aligns with broader discussions on regional alliances and economic ties, particularly as Brazil strengthens its relations with Vietnam and Argentina, clinching a significant gas deal from Argentina’s Vaca Muerta reserve to bolster its energy production capabilities [SOURCE - Mercopress].
As Brazil increasingly relies on oil exports, the G20 summit also highlighted trade and investment potential, with Malaysian Prime Minister Anwar Ibrahim identifying a projected RM6.8 billion in export opportunities to Brazil over the next five years [[SOURCE - Malay Mail]](https://www.malaymail.com/news/money/2024/11/19/malaysia-eyes-rm68b-in-export-potential-over-five-years-after-pm-anwars-brazil-business-talks/157328?utm_source=news.decis.ai&utm_medium=refer
Carpe tomorrow!