U.S. businesses warn Trump administration that new tariffs on $200 billion of Chinese imports will cause consumers to pay more. Trade tensions escalate as the trading rivals make little effort to settle the dispute.
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The Trump administration announced overnight that fresh US sanctions are to be imposed on Moscow.
No-deal Brexit and lack of transition agreement hits the Sterling which dropped below $1.29 to a one-year low, on Wednesday.
Oil prices soar following the imposition of new sanctions to Iran, one of the major crude exporters. The renewed sanctions came into force early on Tuesday.
According to the US Secretary of State the White House will provide detail regarding the implementation of new sanctions to Iran on Monday. US–Iran tension is mounting.