07 August 2025: 16:30 BST
Trump is handing tariff letters as if they were paper towels. In fact he announced a 100% tariff on chips and semiconductors, but companies that invest in US manufacturing will not face any levies. He also stands firm against the Swiss and they’re playing their last card now, asking the FIFA President to negotiate 🤣. How about giving him a pamper full of chocolates and Swiss cheese for the trips in the Qatari plane? But the tiny hand man isn’t focusing on the real threat, the loss of stature of the US and the fact that BRICS had enough. The Officials have been flagging this as it could turn into a full-fledged exit from anything American. India and Russia met to address the “terrorism” from the US. On Wednesday, they signed a new protocol to enhance industrial cooperation across various sectors. The BRICS are getting stronger and this is only the start…And of course, Modi, who is really aggrieved, is soon meeting China’s leader, Xi.
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.
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