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Trump announced 25 percent tariffs on Mexico and Canada, starting Tuesday, and doubled Chinese tariffs to 20 percent
WTI crude futures dropped by 0.9 percent to $67.64 a barrel
In GCC markets, investor sentiment could be impacted by concerns over the economic fallout from new U.S. tariffs on China, Canada and Mexico
Italy is a key trade partner of the UAE, with annual trade over AED30 billion
Trump revoked Chevron's Venezuela license, halting imports and reinstated pressure on Iran's oil exports
Experts discussed global and local trends in the new economy's sessions
Crude Oil WTI Futures, set to expire in March, also saw a gain of 0.4 percent, reaching $68.53
12 discussion sessions and 11 roundtable meetings were held on Day 1 with wide international participation
The collaboration focuses on investments in Africa, North America, and Central Asia across the critical minerals value chain
In 2023, Italian exports to the UAE were $7.22 billion; UAE exports to Italy were $1.57 billion
Non-oil trade between the two countries grew to $11.7 billion in 2023
Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure
