Revenue resilience after IEEPA ruling – Standard Chartered

Revenue resilience after IEEPA ruling – Standard Chartered

Standard Chartered economists Dan Pan and Steve Englander assess the impact of the United States (US) Supreme Court’s IEEPA ruling on US tariff revenue. They note that tariff income has fallen but remains well above pre-Liberation Day levels. The report highlights temporary support from Section 122 tariffs and potential further declines as remedies expire and […]

Iran’s Araghchi tours three capitals; is Trump boxed in?

Iran’s Araghchi tours three capitals; is Trump boxed in?

Iran’s Foreign Minister Abbas Araghchi landed in Islamabad on Friday evening to open the long-delayed second round of talks with the US, and special envoy Steve Witkoff and senior adviser Jared Kushner are due in on Saturday morning. The optics point to a breakthrough, but the substance is thinner than the headline suggests. Both sides […]

Growth hit by energy shock – Commerzbank

Growth hit by energy shock – Commerzbank

Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the sharp fall in the Ifo Business Climate Index underlines how severely the energy price shock is weighing on the German economy. He estimates German growth in 2026 will be around 0.6%, or just 0.3% adjusted for working days, and warns that prolonged closure of the Strait […]