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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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LME Approves Saudi Port as Warehouse Delivery Point for Copper and Zinc

The London Metal Exchange (LME) has approved the Red Sea port city of Jeddah in Saudi Arabia as a new warehouse delivery point for copper and zinc, the exchange announced on Monday.

Key Takeaways:

  • New Warehouse Location: Jeddah has been approved as a delivery point for copper and zinc. The listing will become active three months after the first warehouse company has been approved in this new location.

  • Strategic Importance: Warehouses registered with the LME, the world's largest and oldest metals trading venue, are typically situated in regions of significant metals consumption or major transit hubs such as Rotterdam.

  • Saudi Arabia’s Vision 2030: This approval aligns with Saudi Arabia's ambitious industrial development and logistics programme, which is part of its Vision 2030 reform plan. The plan aims to position the kingdom as a major global player in the energy, mining, logistics, and industry sectors.

  • Background: In March, the LME announced plans to add Jeddah as a new delivery point, pending consultation about a technical change to the LME warehouse framework.

  • Policy Amendments: The LME also amended a clause in its policy on the approval of locations as delivery points related to warehouse insolvency following a consultation.

  • Ownership: The LME is owned by Hong Kong Exchanges and Clearing.

The approval of Jeddah as a delivery point underscores the growing strategic importance of Saudi Arabia in the global metals market, supporting the kingdom's broader economic and industrial ambitions.

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