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Japan's Ministry Of Foreign Affairs: Japan And Oman Held A Video Conference Of International Law Officials To Exchange Views On International Law Issues Related To The Strait Of Hormuz
The Average Monthly Price Of Polypropylene (PP) Futures Contracts Rose By More Than 2%, Currently Trading At 8,973 Yuan Per Ton
JPMorgan: The Appreciation Of The Yen And The Decline In Yields Will Accelerate The Recovery Of Japan's AI Sector
The SC Crude Oil Futures Contract Rose More Than 5%, Currently Trading At 738.5 Yuan Per Barrel, A New High Since March 23
Royal Bank Of Canada Initiates Coverage Of Sanofi European Stocks With A "Sector Perform" Rating And A Target Price Of €80
According To Fox News, A U.S. Official Said That "all U.S. Troops In Jordan Have Been 100% Accounted For" And That There Were No American Casualties, Despite Reports In The Region Contradicting This
According To Axios, U.S. Officials And Western Diplomats Say The Trump Administration Has Not Opposed A British-led Initiative To Impose New Sanctions On Israeli Settlements In The Occupied West Bank
In The First Eight Months Of This Year, The China–Laos Railway Carried 244,000 Cross-border Passengers, A Year-on-Year Increase Of Over 50%
As The Yen Rebounds, Japanese Retail Investors Are Bucking The Trend By Increasing Their Short Positions
Islamic Revolutionary Guard Corps: In Addition, Ten Vessels That Violated Regulations By Attempting To Traverse The No-navigation And Hazardous Zones In The Strait Of Hormuz, Under The Incitement And Support Of The U.S. Military, Were Also Targeted
Strategist: The Bank Of Japan's Hawkish Turn May Not Be Enough To Sustain A Sustained Yen Rebound
The Main Silicon Iron Futures Contract Fell By More Than 2.00% During The Day, And Is Currently Trading At 6206.00 Yuan/ton

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Trump defends tariffs, hinting at escalation, as the Supreme Court weighs the legality of his trade strategy.

U.S. President Donald Trump issued a warning on Thursday that tariffs on trading partners could become "much steeper," even as he claimed his administration has been "very nice" in its implementation of the policy so far.
The remarks were made during a White House Cabinet meeting, highlighting the administration's firm stance on trade amid a high-stakes legal review.
"The tariffs are very ... you know ... steep. They could be much steeper," Trump said. "We've been actually very nice about it, but even being nice about it, we've taken in hundreds of billions of dollars."
The president reiterated his long-held argument that tariffs have generated "tremendous" national security and strength for the United States.
He also directed criticism at those challenging the policy, labeling them "China-centric."
"These are people that are China (centric), but they are also outside of the United States," Trump stated. "These are countries that have ripped us off for years and years, charging us tariffs."
Trump's defense of his tariff strategy comes as the U.S. Supreme Court deliberates the legality of specific tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA). The court is expected to issue a ruling on these country-specific measures in the coming months.
A ruling against the administration could trigger calls for significant tariff refunds. However, the administration is widely expected to seek legal workarounds or alternative measures to maintain its tariff framework.
It is important to note that the court's review does not affect all of Trump's tariffs, such as the sector-wide duties imposed on autos and other items.
The administration has consistently framed its use of tariffs as a strategic tool to reshape the U.S. economy. The primary stated objectives include:
• Reducing the U.S. trade deficit.
• Increasing federal revenue.
• Boosting foreign investment and domestic manufacturing.
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