Trade

• The Supreme Court may rule Friday on Trump's tariffs. Here's what's at stake for the economy - The decision is poised to have far-reaching impacts on not only trade policy but also the U.S. fiscal situation.
• Trade deficit in October hits smallest since 2009 after Trump's tariff moves - The trade shortfall was just $29.4 billion for October, down 39% from the prior month.
• Asia’s worst-performing currency is set for a rocky start to 2026 - The Indian rupee is expected to touch 92 against the dollar by end-March 2026 amid trade policy uncertainty and capital outflows.
• How U.S. oil tanker seizures targeting Venezuela are linked to rising geopolitical tensions with China - U.S. seizures of vessels carrying Venezuelan oil may become a bigger strategic pressure point in the geopolitical battle with China, a major buyer of the crude.
• China slaps tariffs of up to 42.7% on EU dairy products, alleging 'damage' to the domestic dairy industry - The tariffs range from 21.9% to 42.7%, and will take effect on December 23.
• U.S. halts UK tech trade deal negotiations, FT reports - The 'technology prosperity deal' is aimed at increasing collaboration between the countries on tech like AI, nuclear fusion and quantum
• New Trump tariffs collection hits $200 billion, Customs says - President Donald Trump this year unilaterally imposed, without congressional authorization, what he calls reciprocal tariffs and fentanyl tariffs on imports.
• GOP lawmakers seek Trump aid for agricultural equipment after tariff pressure - Top lawmakers signaled that more federal help to farmers could be on the way, which could help tractor sales.
• Swiss government says new 15% U.S. tariff ceiling retroactive to mid-November - Switzerland agreed to reduce tariffs on imports from the United States of fish, seafood, and some agricultural products under a trade deal announced last month.
• U.S.-Indonesia trade deal is in danger of falling apart, FT reports - Washington believes Indonesia is 'backsliding' on removing non-tariff barriers to U.S. industrial and agricultural exports, among other things, FT reported.