Higher tariffs likely this week, says US Treasury

There might also be a more direct impact on food. “Some elements of crude oil are used in fertiliser, and so there could be a cost implication in terms of food prices,” Benjamin Goodwin, partner at banking advisory firm PRISM Strategic Intelligence told the BBC.

President Donald Trump’s ban on issuing new wind energy permits has been ruled “unlawful” by a US court. In January the president signed an executive order freezing federal approval of pending offshore and onshore wind permits, scrambling plans for many projects in the US that were already under way. Some 17 states and a New…