Reported about 7 hours ago
Metals including copper, aluminum, and iron ore have seen significant declines following President Trump's announcement of tariffs on imports from China, Canada, and Mexico. The 10% and 25% tariffs are prompting fears of a trade war that could hinder global economic growth and elevate inflation. The strengthening US dollar further exacerbates the situation by making metals more expensive for international buyers. Analysts express concerns that the tariffs will dampen demand growth and affect global metal demand, despite potential support from a recovering European economy.
Source: YAHOO