President Donald Trump plans to impose tariffs on countries purchasing Russian oil, including China, India, and Brazil, Republican Senator Lindsey Graham said. “These countries buy about 80% of cheap Russian oil,

U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

To reduce its economic dependence on Russia, the EU has imposed higher tariffs on fertilisers and agricultural products. The aim is to reduce Russian revenue, but it could impact on food prices in the EU,

Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.

The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.

US President Trump is antagonising friends and rivals alike, inadvertently reinforcing an anti-US bloc. It is quite possible that the world may be witnessing the unintended handover of global leadership from Washington to Beijing and Moscow.