|Day's Range||74.72 - 77.80|
By David Alire Garcia MEXICO CITY (Reuters) - Mexico will impose a 20 percent tariff on U.S. pork imports, two industry officials with direct knowledge of the plan told Reuters on Monday, for the first time providing details of the country's retaliatory measures to U.S. President Donald Trump's tariffs on steel and aluminum. Last week, Mexico said the retaliatory tariffs would apply to pork legs and shoulders from U.S. suppliers, which account for about 90 percent of the country's $1.07 billion annual imports of the cuts. "It's a 20 percent (tariff) on legs and shoulders, fresh and frozen ... with bones and without bones," said Heriberto Hernandez, president of Mexico's leading pork producers association OPORPA, following a briefing earlier on Monday with Economy Minister Ildefonso Guajardo and his team.
Investors upset that bitcoin has crashed more than 50% since December could now have someone to blame: Chicago futures markets. , owner of the venerable Chicago Mercantile Exchange, triggered a collapse in the digital currency by making it easier to “short” bitcoin--or bet on its price falling. In theory, that means launching a futures market on something that’s never had its own futures market should be a bearish signal.
While much of the oil market has been focused on Saudi Arabia’s desire for $100 oil, it appears that the impact of Donald Trump has been overlooked
Investing.com - Crude oil prices settled nearly 3% lower on Monday as escalating trade war fears prompted investors to flee riskier assets, offsetting recent data pointing to possible tightening in domestic output.
Oil prices fell on Monday, as concern of a trade war between the U.S. and China resurfaced. Crude oil futures slumped 1.57% to $63.92 a barrel by 10:27 AM ET (14:27 GMT). Brent crude futures, the benchmark for oil prices outside the U.S., fell 65 cents, or 0.94%, to $68.69 a barrel.
By Theopolis Waters and Michael Hirtzer CHICAGO (Reuters) - American consumers are snapping up plentiful low-cost pork, but U.S. farmers are worried that trade spats with key export markets in China, Mexico and Canada could hurt a lucrative part of their pork business. U.S. goods in general are attractive to foreign buyers thanks to the recent drop in the dollar.
The CME’s plan to offer bitcoin futures will benefit the futures trading and bitcoin communities alike – notwithstanding hand-wringing in both worlds.