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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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Oil Prices Dip Amid Supply Prospects, China Stimulus Limits Losses

Oil prices continued their three-day slide on Friday, with Brent crude dropping by 0.28% to US$71.40 per barrel and WTI falling 0.21% to US$67.53. Both benchmarks are set for weekly losses, with Brent crude expected to shed 4% and WTI 6%.

The decline in prices is driven by expectations of increased output from Libya and the Opec+ group, which have overshadowed China’s fresh stimulus efforts. China’s central bank recently lowered interest rates and injected liquidity into the banking system to boost economic growth, sparking optimism across other asset classes, but oil markets remain fixated on supply concerns.

Libya's recent agreement to resolve a dispute that had sharply reduced its oil production is expected to restore 500,000 barrels per day to the market. Additionally, Opec+, which is currently cutting oil output by 5.86 million bpd, plans to reverse 180,000 bpd of those cuts in December.

Despite the stimulus from China, the world’s top oil importer, analysts like Priyanka Sachdeva of Phillip Nova note uncertainty over whether this will translate into higher fuel demand. While the stimulus may offer some relief, oil markets are still grappling with weakening demand and rising supply concerns.

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