Reported about 9 hours ago
U.S. President Donald Trump's 25% tariffs on steel and aluminum have led to record highs in gold prices due to fears of escalating trade conflicts and inflation, while Chinese steel shares have faced pressure. Despite China not being a major steel exporter to the U.S., Trump cited its exports as a reason for increased shipments from other nations. Some countries, including Australia and South Korea, are exploring negotiations on these tariffs amidst concerns about the impact on steel demand and production profitability.
Source: YAHOO