Global tariffs announced by Donald Trump have taken effect at a 10% rate. They were introduced under Section 122 of U.S. trade law, which allows the administration to apply temporary protectionist measures for up to 150 days. After that period, alternative legal tools may be used, including Section 301, which enables the imposition of indefinite tariffs in response to practices deemed unfair.
There are growing expectations that US natural gas demand is set to jump in the coming years, driven by increasing LNG export capacity, and stronger demand from the power sector with further investment in data centres. But how much potential demand could we see in the years ahead?
Nothing – not even the news that SoftBank sold its entire Nvidia stake could spoil market sentiment yesterday, as investors bought into the optimism that the US government shutdown will finally end! Yes, after 41 days, the US government will reopen, and the data drought will come to an end.
Major global indices climbed yesterday — many to fresh all-time highs — on news that the US and China are inching closer to a trade deal that would prevent the two countries from imposing triple-digit tariffs on their mutual exports.
Another week of trading starts on a positive footing, buoyed by a range of news items pleasing investors. The first came from the long-awaited US inflation data released on Friday after weeks of official data drought during the government shutdown. Headline inflation advanced to 3% in September – the highest since early 2021 and still well above the Fed's 2% target.