The oil market shrugged off the introduction of US "secondary" tariffs on India this week and we expect this to continue to have little impact as long as India continues to purchase Russian oil and secondary tariffs are not expanded. Elsewhere, overcapacity in China's steel sector has received renewed attention, but we do not expect policymakers' reforms to be as much of a prop to steel prices as they have been in the past.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services