US Treasury Sec. Bessent warns of tariffs rates to ‘reciprocal’ level if no trade deal

US Treasury Secretary Scott Bessent told CNN News on Sunday, President Donald “Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level.”

He added: “There are incoming deals with 18 "important" trading partners,” but didn't indicate a timeline for these trade agreements.

May 19, 2025

WTI sticks to modest intraday losses around $61.70, moves little after mixed Chinese data

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on Friday's move higher and attract fresh sellers at the start of a new week.

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May 19, 2025

GBP/USD holds gains around 1.3300 as US Dollar weakens following Moody’s downgrade

The GBP/USD pair recovered from prior session losses, trading near the 1.3300 level during Asian session on Monday. The rebound is largely driven by renewed pressure on the US Dollar (USD) after Moody’s Investors Service downgraded the US credit rating by one notch, from Aaa to Aa1.

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