Russian diesel tankers divert from US, ending Trump-Putin fuel deal

■ Steady

Russian diesel tankers divert from US, ending reported Trump-Putin fuel deal

On Friday, a report said the first tankers meant to carry Russian diesel to the US under a Trump-Putin deal had changed course and were no longer heading for the US coast, ending an agreement announced before the midterms. Earlier in the week, Canada said China would extend tariff-free treatment for some Canadian farm and seafood products for two years. Canada-US trade talks have resumed, and a senior Democrat has vowed to work to end US tariffs on allies once his party controls Congress next year.

• The first tankers meant to carry Russian diesel to the US have changed course, according to the report, ending the fuel deal.
• On Wednesday, Canada said China will extend tariff-free treatment for Canadian canola, lobster and crab for another two years.
• A senior Democratic congressman says his party will work to end US tariffs on allies including Canada. BBC reporting says the Democratic midterm victory is seen as adding pressure on the White House to reach a deal.
• BMW cut its profit margin forecast to between -0.5% and 0.5%, citing restructuring that includes 8,000 job cuts and competition from China. On Tuesday, Rwanda and South Africa lost duty-free US access after being excluded from AGOA.