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Global markets tumble on Trump’s tariffs
Shares tumbled in Europe and Asia and U.S. futures tumbled Thursday following U.S. President Donald Trump ’s announcement of big increases in tariffs on imports of goods from around the world.
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Trump announces sweeping global tariffs
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Energy & Commodities
Commodities hit as Trump’s tariffs threaten demand and U.S. economy
Commodities from oil to industrial metals to grains slipped as President Donald Trump’s tariff onslaught ratcheted up a trade war that threatens to hurt the global economy and demand for raw materials. Gold steadied after hitting a fresh record high.
Trade War
Rush to Get Gold to the US Halts Abruptly With Tariff Exemption
A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the US came to an abrupt halt with Wednesday’s announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs.
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