13 May 2025: 09:30 BST
The inevitable Donald is dashing about in his new spangled jet, stopping off first in Saudi Arabia on the hunt for some progress on “big business”. Yet with Trump, nothing is as simple as it seems, especially when it comes to tariff policy. After the pomp and circumstance of declaring a 90-day reduction to tariffs on China, the US has quietly kept its “de minimis” tariff in place – meaning the tariff on goods valued less than $800 will face a 54% tariff (or a flat duty of $100 – this is not cheating, is it?), rather than the 30% now applied to other goods. Fortunately for Apple, the iPhone 16 costs rather more than that… Will they regret spending so much on an emergency airdrop of devices from India last month?
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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