The EU has removed a customs exemption for small imported parcels. Trade barriers increasingly take the form of administrative requirements. Consumers and SMEs are likely to bear much of the resulting cost.
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Resource competition challenges the principles of sovereignty. State-led commodity demand heightens supply-chain risks. China remains the single most important player in metals markets.
A functioning capital market does not rely on political direction; it is driven by supply and demand among free actors. Governments are participants, not central planners, and should operate on the same footing as private actors.
The dollar’s performance is mixed – some gains, some weakening. Gold prices surged, but volatility limits adoption as a primary reserve asset. The euro, renminbi and other BRICS currencies are still secondary.
