中国商务部：调整《向特定国家（地区）出口易制毒化学品管理目录》《特定国家（地区）目录》，将美国、墨西哥、加拿大增列入《特定国家（地区）目录》，并单独增列针对上述3个国家的13种易制毒化学品。🗒️附件1中，序号1、2、4，以及序号8-13的化学品属芬太尼类物质的前体。 ...

中国商务部、海关总署：自即日起至2026年11月10日，商务部、海关总署公告2025年第55号、56号、57号、58号，及商务部公告2025年第61号、62号暂停实施。🗒️涉及10月9日关于稀土、锂电池、人造石墨负极材料的出口管制措施。 https://t.co/jeLFFp7RUk外汇交易员 (@myfxtrader):国务院关税税则委员会公告：自2025年11月10日13时01分起，调整《国务院关税税则委员会关于对原产于美国的进口商品加征关税的公告》（税委会公告2025年第4号）规定的加征关税措施，在一年内继续暂停实施24%的对美加征关税税率，保留10%的对美加征关税税率。 https://t.co/CkNR69k8zD ...

Core Viewpoint - Archer-Daniels-Midland (ADM) has lowered its full-year 2025 profit outlook due to weaker crush margins and delays in U.S. biofuel policy, resulting in a nearly 11% drop in its shares during pre-market trading [1]. Group 1: Financial Performance - ADM now anticipates adjusted earnings of $3.25 to $3.50 per share for 2025, a decrease from the previous forecast of around $4.00 and below analysts' estimate of $3.79 per share [4]. - The company reported an adjusted profit of 92 cents per share for the three months ending September 30, surpassing the average estimate of 85 cents [4]. Group 2: Market Challenges - The deferral of U.S. biofuel policy decisions, particularly regarding renewable fuel blending requirements, has led to reduced demand for soybean oil and other feedstocks, resulting in a 21% decline in operating profit to $379 million in the Ag Services and Oilseeds unit [2]. - Major agriculture processors, including ADM, are contending with volatile commodity cycles, soft crop prices, and uncertain energy policies [1]. Group 3: Future Outlook - Despite current challenges, the company anticipates that policy clarity and improving global trade flows will support growth in 2026, with expectations for biofuel policy clarity and trade policy evolution to provide demand signals for the industry [3].

Key Points Netflix and Vertex benefit from strong pricing power that could come in handy if inflation increases. Both companies are leaders in their niche with excellent growth prospects. They could deliver market-beating returns through 2031 and beyond. 10 stocks we like better than Netflix › President Donald Trump's aggressive tariffs could lead to higher inflation as corporations raise their prices and pass on cost increases to consumers. However, the public might respond by spending less, whi ...

By Javi West Larrañaga (Reuters) -The boss of Spanish steelmaker Acerinox praised on Friday recently announced steel import quotas by the European Commission but said the company was working to get the measures adopted more quickly. "We are pushing and trying to accelerate the process as much as we can," Chief Executive Officer Bernardo Velazquez said on a call with analysts, suggesting the measures should come into place as early as April 2026, before the current ones expire at the end of June. "We can ...

Trade Policy - The report discusses trade policy between the United States and China [1] - Derek Scissors, an AEI Asia economist, provides insights on the trade policy news [1]

Trade Agreement & Tariffs - A status quo agreement is expected between the US and China, delaying restrictions on rare earths and avoiding new US tariffs, protecting downside risk for markets [2][3] - Potential upside in the China trade deal could come from tariff reductions if there's an agreement on fentanyl [4] - The US is signing smaller agreements with other Asian countries to restrict China's ability to transship goods, strengthening the US position in trade discussions [4][5] - The President may be considering a 10% tariff on non-USMCA goods from Canada, which are a small and declining portion of goods, as part of negotiations [5][6] - Canada and Mexico are expected to be the greatest beneficiaries on the trade front due to the absence of reciprocal tariffs, leading to the lowest effective tariff rates [6] Deglobalization & Supply Chains - The world is moving towards deglobalization, highlighting the risk of having supply chains located outside the US [9] - Both the US and China are gradually building their own chip and rare earth industries to become more self-sufficient, aiming to avoid disruption to the global economy [9][10] - A trade truce is more likely than a broad deal with China, focusing on minor issues to maintain the status quo [7][11]

Trade Relations - The current trade situation with China involves a delay in rare earth restrictions and no new tariffs from the US, which helps protect downside risks for the markets [2][3] - There is a potential for upside if tariffs are reduced in exchange for an agreement on fentanyl, although this is considered a low probability [4] - Smaller agreements with other Asian countries are being signed to restrict China's ability to transship goods into the US, strengthening the US's negotiating position [4] North American Trade - Canada and Mexico are expected to benefit the most from trade negotiations, as they will have the lowest effective tariff rates in the world due to the absence of reciprocal tariffs [6] - The president's proposed 10% tariff on non-USMCA goods from Canada is seen as a minor issue, as it pertains to a small portion of imports [5][6] Global Supply Chains - The shift towards a deglobalized world is prompting countries to build self-sufficient supply chains, particularly in critical areas like rare earths and pharmaceuticals [9][10] - Both the US and China are gradually developing their respective chip and rare earth industries to avoid disruptions in the global economy [10] - The ongoing trade dynamics are characterized more as a truce rather than a comprehensive deal, focusing on minor issues to maintain the status quo [11]

We can't control the trade policy of the United States. We recognize that that policy has fundamentally changed from the policy in the 1980s, 1990s, 2000s. Um, and it's a situation where the United States has tariffs against every one of their trading partners to different degrees.A lot of progress has been made and we stand ready uh to pick up on that progress uh and build on that progress uh when the Americans are ready to have those discussions. ...

Core Points - The recent announcement of a 10% tariff on Canadian goods by President Trump was triggered by an Ontario ad campaign featuring Ronald Reagan, which Trump labeled as a "hostile act" [1][2] - The Canadian dollar experienced a slight depreciation against the U.S. dollar, but the overall market response was muted, with the S&P/TSX Composite Index showing resilience [3][4] - Specific sectors in Canada, particularly auto, steel, aluminum, and lumber, are more vulnerable to tariff impacts, with potential costs to American consumers estimated at $50 billion [5][6] Market Reactions - The Canadian dollar (CAD) saw a slight depreciation, with the USD/CAD exchange rate approaching 1.3980, reflecting a 50-pip spike post-announcement [3] - U.S. equity futures were mixed, but major indices like the Dow Jones Industrial Average and S&P 500 reached record highs on the same day as the tariff announcement, attributed to softer inflation data [4] - Analysts view the tariff announcement as typical political maneuvering rather than a serious threat to trade relationships, indicating a level of desensitization among investors [6][10] Sector-Specific Impacts - Industries with significant cross-border trade exposure, such as automotive and energy, are on high alert due to the potential for increased costs and market volatility [5][6] - The Canadian Chamber of Commerce emphasized that tariffs are ultimately a tax on American consumers and competitiveness [7] Broader Trade Context - The tariff announcement occurs amid ongoing trade tensions, including investigations into China's compliance with trade agreements and threats of new tariffs on Chinese goods [9] - The frequency and rhetoric of trade policy announcements have led to a market environment where investors are increasingly able to filter out noise and focus on other economic indicators [10][11]