Trump is imposing 25% tariffs on steel and aluminum imports starting today. The US president also called Canada an «unviable country,» once again calling on it to become the 51st US state. Trump also noted that he was not going to «buy» Gas and own it. Most likely, it will be transferred to other states of the Middle East for its restoration. European gas storage facilities are losing half of their reserves. Gas reserves in Germany's UGS decreased to 49.22% (about 12 billion cubic meters In France – up to 30% (less than 4 billion cubic meters). Austria, Italy and the Netherlands store 59.17%, 59.85% and 33.7%, respectively. In Portugal, the occupancy rate is close to 100%, in Sweden – 88.05%. Since the beginning of the heating season, the EU has consumed over 54 billion cubic meters, which exceeds the volume of injection by winter. An era is passing: pennies will no longer be minted in the USA. Trump's corresponding order has already been handed over to the Treasury. According to the US president, minting a 1 cent coin costs more than 2 cents — and this is a «waste». Oil prices are rising against the background of last week's decline. Markets fear a slowdown in the global economy and lower oil demand amid Trump's decision on tariffs. Brent rose to $75.26, WTI – to $71.54. China has been imposing 10% duties on American oil, machinery and cars since Monday. Chinese insurance companies will be able to transfer up to 1% of assets to gold, which opens up investments of $27.4 billion. The program started on February 7 and covers the largest companies. The solution is related to the search for alternatives amid a slowing economy and the real estate crisis. Since the end of 2023, gold has risen in price by 40%, exceeding $2,900 per ounce due to escalating trade disputes with the United States.
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