According to Politico, the US Trade Representative said that US President Donald Trump may withdraw from the USMCA next year.
Iraq's OPEC representative said OPEC + could agree on Sunday to increase oil production by 130,000 to 140,000 barrels a day.
On Aug. 3 local time, U.S. Trade Representative Greg Greer said that a new round of tariffs imposed by U.S. President Donald Trump on several countries last week is "basically set" and will not be adjusted in the current negotiations, including 35% tariffs on imports from Canada, 50% tariffs on Brazil, 25% tariffs on India, and 39% tariffs on Switzerland. Some of the tariffs are based on bilateral trade surpluses and deficits, and "these rates are basically fixed," Greer said. (CCTV News)
On March 4, an OPEC representative said that OPEC + will continue to implement the planned increase in oil production in April.
The OPEC + representative said that OPEC + decided to extend the collective production reduction plan of 2 million barrels per day by one year until the end of 2026.