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Economic Times
10-07-2025
- Business
- Economic Times
India plans tariffs to counter US steel, aluminium duties
India has proposed retaliatory tariffs against the US under WTO norms in response to American tariffs on steel and aluminium, impacting $7.6 billion of Indian exports. The proposed tariffs aim to collect an equivalent amount of duty from US products. This development occurs as India and the US negotiate a trade agreement, with the first phase expected by September-October. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: India on Wednesday proposed retaliatory tariffs against the US under the World Trade Organisation (WTO) norms over American tariffs on steel and aluminium in the name of safeguard measures "The safeguard measures would affect $7.6 billion imports into the United States of the relevant products originating in India, on which the duty collection would be $3.82 billion," India told the week, India proposed retaliatory tariffs against the US' auto proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the US."Accordingly, India's proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the US," India May, India had proposed to impose retaliatory duties on certain American products under the WTO to counter the American tariffs on steel and aluminium in the name of safeguard measures. New Delhi told the WTO that these measures would affect $7.6 billion imports into the US."This notification is made in connection with safeguard measures extended by the US on imports of aluminium, steel and derivative articles" India said development assumes significance as India and the US are negotiating a trade agreement, the first tranche of which is to be concluded by March 8, 2018, the US promulgated safeguard measures on certain steel and aluminium articles by imposing 25% and 10% ad valorem tariffs respectively on such products with effect from March 23, 2018. On February 10, 2025, it revised the safeguard measures on imports of steel and aluminium articles, effective from March 12.
Global News
03-07-2025
- Business
- Global News
Canada's exports to the U.S. fell again in May as trade war continues
The Canadian economy showed signs that it has been working to pivot away from doing business with the United States, according to new data from Statistics Canada. That comes as U.S. President Donald Trump's tariffs and trade war have forced many businesses to seek alternative trading partners to avoid impacts and higher costs. 'Trade diversification is still advancing, and we're seeing encouraging gains in other markets,' says principal economist Andrew DiCapua at the Canadian Chamber of Commerce. 'The worst may be behind us, but the road back will likely be uneven.' In May, Statistics Canada reports the total amount of merchandise exported increased by 1.1 per cent compared with April, led by metals including gold, silver and platinum to countries like the United Kingdom, as well as non-metallic mineral products. Story continues below advertisement Imports fell 1.6 per cent, marking the third straight monthly decline, the agency said, which helped narrow the overall trade deficit from $7.6 billion in April to $5.9 billion in May. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy A trade deficit occurs when the amount an economy imports, or buys, is more than the amount it exports, or sells. 5:12 How close is Mark Carney to striking a deal on tariffs with U.S. President Donald Trump? The agency also reports that in May, the amount Canada exported specifically to the U.S. fell by 0.9 per cent, marking the fourth consecutive monthly decline. Although expectations of higher costs from Trump's tariff policies may have motivated businesses to look away from the U.S., economists note that the numbers show these higher costs from tariffs haven't yet fully materialized. 'Ninety-one per cent of Canadian exports to the U.S. crossed the border duty-free, consistent with the view that the exemption for CUSMA/USMCA-compliant trade from blanket U.S. tariffs imposed in March is working effectively,' economist Nathan Janzen at Royal Bank of Canada says. Story continues below advertisement 'We continue to expect that current rules, if maintained as currently in place, would leave Canada with the lowest tariff rate of any major U.S. trade partner — putting Canadian exporters in a stronger relative position to compete for U.S. import market share than other countries.' Tariff measures are more costly for goods and services that do not meet the requirements of the Canada United States Mexico Agreement (CUSMA/USMCA). Prime Minister Mark Carney has been working with Trump on the terms for a new trade deal. This data from Statistics Canada comes just weeks ahead of the July 21 deadline for Canada and the U.S. to reach a new trade deal, or there could be further tariff escalations.
USA Today
03-07-2025
- Sport
- USA Today
Chicago White Sox at LA Dodgers odds, picks and predictions
The Chicago White Sox (28-57) and the LA Dodgers (54-32) play the second contest of a 3-game interleague series at Dodger Stadium Wednesday. First pitch is scheduled for 10:10 p.m. ET (MLB Network). Let's analyze BetMGM Sportsbook's MLB odds around the White Sox vs. Dodgers odds and make our expert MLB picks and predictions for the best bets. Season series: Dodgers lead 1-0 The Dodgers fired out to a 4-0 lead in the bottom of the first inning in Tuesday's interleague series opener, knocking around RHP Shane Smith. OF Teoscar Hernandez and OF Andy Pages each had multi-hit performances, with Pages and OF Michael Conforto driving in 2 runs apiece. DH Shohei Ohtani swatted a solo homer in the fourth inning, too. For the White Sox, 2B Lenyn Sosa appeared to be the only player to pack his hit shoes for the trip, going 2-for-3 with a double and an RBI, accounting for 2 of the team's 3 hits. OF Andrew Benintendi had the only other hit, a single. Despite Tuesday's loss, the White Sox are still 3-2 in the past 5 games since Wednesday, all against NL West opponents. The Under has cashed in 4 straight games for the ChiSox. The Dodgers have won the past 2 games by a combined 11-2 score, while going 7-1 in the past 8 games. The Under is 5-1 in the past 6 outings. White Sox at Dodgers projected starters RHP Sean Burke vs. LHP Clayton Kershaw Burke (4-7, 4.22 ERA) makes his 15th start and 17th appearance. He has a 1.42 WHIP, 4.1 BB/9 and 7.6 K/9 through 81 innings. Kershaw (4-0, 3.03 ERA) makes his ninth start. He has a 1.19 WHIP, 3.0 BB/9 and 6.8 K/9 through 38 2/3 innings. Win your fantasy baseball league with For decades, BHQ has been helping players just like you win! BHQ offers full-season subscriptions. Sign up today and start winning! White Sox at Dodgers odds Provided by BetMGM Sportsbook; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated at 10:40 a.m. ET. White Sox at Dodgers picks and predictions Dodgers 8, White Sox 2 Moneyline The Dodgers (-325) will set you back more than 3 times your potential return, and there is never a reason to bet such a heavy favorite. Even if you were to include LA in your multi-leg parlay, it would suck all of the value out of your ticket. PASS. Run line/Against the spread The DODGERS -2.5 (+105) are a solid play at plus-money. While laying the 2.5 runs is quite a bit risky, the White Sox offense is poor. The southpaw Kershaw appears to be rounding into form, and he should continue his ascension against Chicago. The Dodgers won the opener 6-1, and there is no reason to believe the White Sox will be able to cobble much offense together against the veteran lefty. Chicago is 7-12 against left-handed starting pitchers this season and 9-16 in interleague play. Over/Under OVER 9 (-115) is the lean, but go with a half-unit play at most. While the Chicago offense isn't expected to contribute much to the total, the Dodgers should be able to get off to another quick start against the very giving Burke. Look for LA to do most of the heavy lifting, as this one should get across the finish line for an Over result. Play our free daily Pick'em Challenge and win! Play now! For more sports betting picks and tips, check out and BetFTW. Follow @danieledobish on Twitter/X. Follow SportsbookWire on Twitter/X and like us on Facebook.
Business Insider
13-06-2025
- Business
- Business Insider
Oil prices surge after Israel said it struck Iran
Crude oil prices surged on Friday after Israel said it had launched strikes at Iran, prompting fears of energy supply disruptions from the Middle East. US benchmark West Texas Intermediate crude oil futures climbed nearly 8% higher, to $73.42 a barrel, at 9:10 p.m. ET. International benchmark Brent crude oil futures were up 7.6%, to $74.64 a barrel, at 9:10 p.m. ET. Iran is the fourth-largest oil producer in the Organization of Petroleum Exporting Countries.
Yahoo
11-06-2025
- Business
- Yahoo
The Zacks Analyst Blog Highlights QTUM, IonQ D-Wave Quantum and Lockheed Martin
Chicago, IL – June 11, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Defiance Quantum ETF QTUM, IonQ, Inc. IONQ, D-Wave Quantum Inc. QBTS and Lockheed Martin Corp. LMT. Here are highlights from Tuesday's Analyst Blog: The stock market had a turbulent year. However, quantum computing stocks have navigated the volatility and recorded impressive returns. The Defiance Quantum ETF outperformed the broader S&P 500 over the past year (+42% vs. +12.3%). Significant contributors to the gains in QTUM include IonQ, Inc. and D-Wave Quantum Inc., which rose by 409.7% and 1,447.4%, respectively, in a year. But does D-Wave Quantum's outperformance in the last 12 months against IonQ indicate a better buy, or would you prefer the latter? Let's find out – IonQ's first-quarter revenues of $7.6 million may have remained unchanged from a year ago, but the company has issued encouraging full-year revenue guidance. After acquiring Lightsynq, the company anticipates doubling its 2024 revenues to fall between $75 million and $95 million for the year. IonQ is also heading toward profitability. IonQ narrowed its first-quarter non-GAAP loss to $0.14 a share from a loss of $0.19 a share a year ago. IonQ has made substantial progress as its unique linear ion chains in quantum computing help it to surpass 100 qubits and reduce errors compared to other quantum computers. The company has grown its customer base for some time (read more: Can IONQ be the Next NVIDIA, and Is It a Buy?). D-Wave Quantum's financial performance has been imposing, too. D-Wave Quantum's first-quarter revenues skyrocketed to $15 million, a 509% increase from a year ago. D-Wave Quantum was able to meet its customer obligations and reduce its liabilities, indicating a path to profitability. D-Wave Quantum finished the quarter with $304.3 million in cash, which can sustain operations until profitability. D-Wave Quantum's revenue growth is driven by increased interest in its technology. The company's 6th-generation Advantage2 quantum computer can solve problems in 20 minutes, which supercomputers may take almost 1 million years. CEO Alan Baratz recently said that the Advantage2 quantum computer is "so powerful that it can solve hard problems outside the reach of one of the world's largest exascale GPU-based classical supercomputers." D-Wave Quantum also boasts a strong customer base with notable clients, such as Lockheed Martin Corp. (LMT) and Deloitte (read more: Here's Why D-Wave Stock Promises High Growth and Is a Buy). Both IonQ and D-Wave Quantum are on track to become profitable. IonQ's ion trap architecture provides scalability and a competitive edge, while D-Wave Quantum focuses on quantum annealing for solving complex problems, potentially driving revenue growth and boosting investments. However, quantum computing's practical applications remain limited as it is an unproven market. Therefore, placing bets on both speculative stocks may heighten risk. Yet, risk-tolerant investors may prefer focusing on one stock for potential gains when the market recognizes quantum computing's true value. IonQ should be the preferred choice over D-Wave Quantum since the company has a larger intellectual property portfolio, including 950 patents related to quantum computing. Its recent acquisitions of Lightsynq, ID Quantique and UK quantum computing firm Oxford Ionics have strengthened its business position in the quantum space. Moreover, IonQ stock is less pricey on a relative basis compared to shares of D-Wave Quantum since it has a price-to-sales (P/S) ratio of 212.84. D-Wave Quantum is trading at a P/S ratio of 240.66. And of course, let's face it, IonQ's CEO, Niccolo de Masi, sounds more optimistic as he believes the company will lead the field like NVIDIA Corp. (NVDA). Others have imitated, but have always trailed behind. IonQ has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Defiance Quantum ETF (QTUM): ETF Research Reports IonQ, Inc. (IONQ) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
