Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
President Donald Trump's tariffs on steel and aluminum imports has triggered sharp criticism from the international community, begging the question of how the world will react.
It's still too early to tell how other governments may respond — so far, Canada and the European Union have promised strong countermeasures but didn't provide details.
If the administration applies its tariffs to all steel and aluminum exports — as opposed to cherry-picking countries to punish — there are five nations that will suffer the most. Brazil, Canada and South Korea were the three largest suppliers of steel to the U.S. last year, according to data from IHS. Canada, Russia and the U.A.E. were the three largest suppliers of aluminum in 2016.
Cornell University Professor Eswar Prasad told CNBC that countries may hit back in the form of "surgical strikes," meaning they may choose to target specific U.S. products.
For that reason, it's worth looking at what the United States is selling to the nations most at risk from Trump's tariffs.
Below are the U.S.-made products that make up the largest percentage of total exports to those five countries, based on 2016 data from the Observatory of Economic Complexity, an MIT site that compiles international trade statistics.