How Large Is The Shipping Backlog In The Strait Of Hormuz
According to shipping data cited by CNBC, dozens of tankers remain stranded in the Persian Gulf, with estimates suggesting a backlog of roughly 118 vessels
Trade
Canadian Envoy Says USMCA Discussions Are Progressing Well
Speaking before business leaders in Toronto, Mark Wiseman emphasized that concerns about an imminent disruption to the agreement may be overstated.
U.S. Oil Emergency Reserve Reaches Reagan-Era Levels
According to newly released Department of Energy data, the reserve stood at approximately 340.3 million barrels for the week ending June 12.
April Money Supply Growth Hit A 49-Month High. And Prices Soared.
April’s increase is also a big change from April 2025 when the year-over-year growth rate was a mere 1.8 percent
G7 Leaders Meet Amid Tensions Over Iran And Ukraine
Trump is expected to urge allies to help secure and reopen the strait, with Britain and France already expressing support for post-conflict maritime operations
Appeals Court Allows U.S. To Continue Collecting 10% Tariffs
The decision allows the tariffs, imposed in February under Section 122 of the Trade Act, to remain in effect as the court reviews whether the administration acted within its legal authority.
U.S. Becomes World’s Largest Oil Exporter For Third Straight Month
Supply disruptions affecting major producers, including instability in the Middle East and constraints on Russian exports, have increased demand for American crude among buyers seeking reliable alternative supplies.
U.S. Secretly Protected Oil Shipments, Trump Says
According to Trump, the effort enabled more than 100 million barrels of oil to reach global markets while helping to prevent sharp increases in fuel prices.
Why Did The U.S. Trade Deficit Narrow In April?
According to Commerce Department data, the trade gap fell 1.2% to $55.9 billion, slightly better than economists’ expectations.
Geoeconomic Risk Just Hit Its Highest Level In 25 Years
TIPP's new Geoeconomic Risk Index debuts at 92 out of 100, surpassing the peak it set when Russia invaded Ukraine, and driven this time by one force above all: trade policy.
Introducing The TIPP Geoeconomic Risk Index
A monthly gauge of the geopolitical, trade, and supply-chain pressures bearing on the world economy, built on Federal Reserve data and 25 years of TIPP polling, and validated against every major crisis since 2001.
Metals Tariffs Reset Hits, Full Customs Value Now Bites
Washington's revamped Section 232 regime on steel, aluminum and copper takes effect, reshaping the import math for manufacturers.
$85 Billion In Tariff Refunds Hangs On A Court Date
After the Supreme Court voided the emergency tariffs, importers are still waiting to be paid back, and Tuesday may clarify when.
Wall Street Slides As Strong Jobs Data Fuels Rate Hike Concerns
Investors interpreted the data as a sign of continued economic strength that could reduce pressure on the Federal Reserve to ease monetary policy.
Trump Administration Targets Imports With Fresh Section 301 Tariffs
The proposal, issued under Section 301 of the Trade Act of 1974, would impose a 10% tariff on economies with full or partial restrictions on forced labor imports and a 12.5% rate on those without such measures
Canada, Mexico Seek Long-Term Commitment To Free Trade Agreement
The request comes as President Donald Trump has increasingly questioned the value of the agreement despite signing it during his first term.