The US supreme court has struck down Donald Trump’s flagship policy of imposing tariffs on foreign imports in his bid to revitalise American manufacturing. The US president has reportedly called the decision a “disgrace”. Here’s what it means, and what could happen next.What did the court ruling say?The court ruled that Trump exceeded his authority and should have got congressional approval for the tariffs, which he announced on what he dubbed “liberation day” last April. The tariffs, set at varying rates, ...

Market Reactions - The announcement of Kevin Warsh as the next Federal Reserve Chair led to initial market volatility, with the Dow Jones Industrial Average (DJIA) dropping 139.16 points (0.28%) before recovering to close up 55.96 points (0.1%) at 49,071.56 [3][11] - The S&P 500 (SPX) experienced fluctuations, closing down 0.4% at 6,939.03 after earlier dipping as much as 1.1% [3][11] - The NASDAQ Composite (IXIC) ended the day down 0.7% at 23,685.12, marking a mixed market response overall [3][11] Commodity and Bond Market Impact - Gold prices fell over 4% to $5,115.60, while silver dropped nearly 13%, indicating a shift in investor sentiment [4] - The 10-year Treasury yield increased to 4.25% from 4.24%, reflecting changing bond market dynamics [4] Trade Policy Developments - President Trump's executive order on January 30, 2026, imposed tariffs on nations supplying oil to Cuba, causing immediate fuel shortages in Havana and raising concerns about a humanitarian crisis [7][8] - The price of WTI Crude Oil saw a slight decrease of 0.29% to $65.27, with potential long-term risk premiums of 8-15% anticipated due to supply constraints [8] Aviation Sector Reactions - The threat of a 50% tariff on Canadian-made aircraft, particularly affecting Bombardier, led to a 9% drop in Bombardier shares on January 30, 2026 [10] - The aviation sector reacted negatively to the announcement, with experts expressing skepticism about the tariffs' implementation but acknowledging the significant financial implications [10] Overall Market Trends - Despite the tumultuous events, the DJIA recorded its ninth consecutive month of gains, while the SPX ended January with its eighth positive month in nine [11] - The IXIC, however, closed lower for the month, breaking a seven-month winning streak, indicating varied performance across indices [11] - Trading volume on January 29, 2026, was notably high at 23.36 billion shares, suggesting active investor engagement amid policy uncertainty [12]

Group 1: Business Participation - Nearly 60 British businesses and cultural organizations are accompanying U.K. Prime Minister Keir Starmer on his trip to China, marking the first state visit in eight years [1] - The delegation includes leaders from the financial industry, such as HSBC Group Chairman Brendan Nelson and Aberdeen Group CEO Jason Windsor [2] - Executives from major companies in the aerospace and pharmaceutical sectors are also part of the group, including Airbus's general counsel John Harrison and AstraZeneca CEO Pascal Soriot [2] Group 2: Context of the Visit - The visit occurs amid a series of foreign leaders visiting Beijing, highlighting China's diplomatic engagements amidst escalating tensions with the U.S. and disputes involving trading partners [3] - Recent visits by other foreign leaders, including Canada's Prime Minister Mark Carney and Ireland's Prime Minister Michael Martin, indicate China's active diplomatic efforts [3]

In this articleRNO-FRBMW-DEVOW3-DEIndia's Prime Minister Narendra Modi (C) poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa before their meeting at the Hyderabad House in New Delhi on January 27, 2026.Sajjad Hussain | Afp | Getty ImagesA landmark trade deal between the European Union and India has been lauded as a major breakthrough for Europe's biggest carmakers, although analysts have flagged competition concerns in one of the ...

Geopolitical Tensions and Economic Responses - France is organizing a G-7 Finance call to coordinate international aid for Ukraine's energy infrastructure, following severe damage to Ukraine's power grid from Russian attacks, leaving millions without electricity and heating [3] - The European Union is deploying 447 emergency generators to Ukraine, valued at 3.7 million euros, to support critical services [3] - UNESCO has expressed concern over damage to the Kyiv-Pechersk Lavra and threats to the Saint Sophia Cathedral, both World Heritage sites, due to ongoing conflicts [4] Currency and Commodity Markets - The South African Rand (ZAR) has appreciated past 16/$ for the first time since June 2022, trading at 16.0475 against the dollar, up approximately 0.4% from the previous close, driven by record-high gold prices above $5,000 an ounce and an improved economic outlook [6] - OPEC+ is likely to maintain its supply pause in March amid signs of a surplus in global oil markets, with oil futures declining 15% this year to around $63 a barrel [7] International Trade and Digital Regulation - Canadian Prime Minister Mark Carney stated Canada has no intention of pursuing a free trade deal with China, responding to U.S. tariff threats of 100% on Canadian goods [8] - The EU Commission is initiating proceedings against xAI's Grok chatbot under the Digital Services Act due to concerns over inappropriate content generation [10]

商务部新闻发言人何亚东：中欧双方正在就电动汽车案开展磋商。中方的原则和立场是一贯的，愿与欧方通过对话磋商妥善解决分歧。推进达成行业整体解决方案，希望欧方与中方相向而行，切实落实中欧领导人会晤重要共识，真正拿出诚意。 ...

The European Union will impose higher fees on small packages starting next year in an attempt to curb the influx of parcels coming mostly from China https://t.co/xVOvJT4e6S ...

Global Currency Dynamics - A country's currency becomes the preferred global medium of exchange when it leads international trade [1] - This currency then becomes the preferred storehold of wealth and the world's leading reserve currency [1] - Historically, the Dutch Gilder, British Pound, and US Dollar served as reserve currencies when their respective countries led world trade [1] - China's currency is increasingly being used as a reserve currency [2] Reserve Currency Advantages - Having a reserve currency allows a country to borrow more than others [2] - Countries without a reserve currency do not have the same borrowing advantage [2] - A country with a reserve currency can print more money when it runs out [3] Potential Risks - The privilege of having a reserve currency can lead to increased borrowing and the beginning of a financial bubble [3] - This can create mutually supportive financial, political, and military powers [3] - Historically, empires have followed this path to power [4]

Uncertainty hangs over North America in 2026. Hosting a bunch of men kicking a football will be child’s play alongside the decisions about the United States-Mexico-Canada Agreement that will follow https://t.co/jfpuFKqZ0k ...

Core Insights - Companies are generally more optimistic and better prepared than six months ago, having taken proactive steps to mitigate the impact of tariffs and navigate policies [2][4][6] - Over 80% of corporates are looking to expand into new markets and engage in international trade, which is contrary to expectations during turbulent times [4] Group 1: Company Preparedness - Companies have implemented a range of strategies including renegotiating payment terms, seeking cost efficiencies, diversifying suppliers, and expanding operations [3][4] - The level of preparedness varies significantly by region, with US and Indian companies being more prepared compared to those in Hong Kong and Italy [4] Group 2: Market Dynamics - The sentiment in the market is more positive than it was six months ago, despite ongoing challenges [6] - In B2C markets, price is a critical factor, while B2B markets prioritize resilience and customization, indicating a potential shift in supplier relationships [7]