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U.S. President Donald Trump is readying an announcement on auto levies as soon as Wednesday, according to people familiar with the matter, a move that would escalate his fight with global trading partners ahead of a broader tariff push next week.
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Oil rose after an industry report signaled a chunky decline in U.S. crude stockpiles, while the market weighed the prospect of a Russia-Ukraine ceasefire in the Black Sea.
U.S. President Donald Trump plans to hold a press conference on Wednesday afternoon to announce tariffs on automobile imports, the White House said.
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