Reported about 7 hours ago
Goldman Sachs warns that the commodity markets are reflecting heightened risks of U.S. tariffs on Canadian imports, particularly raw materials like oil. Analysts note an 85% chance of a 10% tariff being implemented, which could lead to increased gasoline prices in the Midwest if crude flows are targeted. Trump is reportedly poised to impose these tariffs soon, potentially disrupting global trade as he considers various trade approaches, including penalties against Canada, Mexico, and China.
Source: YAHOO