Commodities hit as Trump’s tariffs threaten demand and U.S. economy
Commodities from oil to industrial metals to grains slipped as U.S. 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.
The levies were seen as more aggressive than expected, with a 10% duty on all exports to the U.S.
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