Author: Philip Blenkinsop and Francesco Canepa

BRUSSELS (Reuters) -The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model. European ministers meeting in Brussels on Monday remained convinced they can bring Trump back from the brink before his Aug. 1 deadline and reach a deal that would keep the $1.7 trillion two-way trading relationship broadly intact. But the wild swings in Trump’s mood towards the European Union – which he has sometimes labelled as friendly and at other times accused of…

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West African crude oil differentials were wider on Monday, according to a trade source.* Differentials were wider for both August and September cargoes, the source said. * Among offers seen on Monday were Bonny Light at dated Brent plus $2.60 and Forcados at dated Brent plus $4.50. * The September…Read More

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SEOUL/TOKYO (Reuters) -Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported automobiles have upended the outlook for the global industry, yet the U.S. remains by far the most important market for Japan’s Toyota, South Korea’s Hyundai and Asian rivals including Honda and Nissan.Read More

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