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Commodity Roundup: Steel Tariffs a Sign of More Restrictions Ahead, BMI Says; Oil Prices Down 1%
Trump's steel and aluminum tariffs "ignite" panic! Executives of American companies are as anxious as ants on a hot pot...
① The USA President Trump announced a 25% tariff on all Steel and Aluminum imported to the USA, expected to take effect in mid-March, affecting a variety of companies like Coca-Cola and Ford; ② USA companies are adopting various strategies to respond, including changing their import product mix or directly passing costs to consumers.
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Trading Strategy for Trump Tariffs: Sell the Rumor, Buy the News?