Analysis: Commodities, Interest Rates Collapse After President Trump's Reciprocal Tariffs Announcement - The Florida Capital Star
2 Articles
2 Articles
Analysis: Commodities, Interest Rates Collapse After President Trump's Reciprocal Tariffs Announcement - The Florida Capital Star
by Robert Romano Commodities prices and interest rates collapsed across the board following President Donald Trump’s Wednesday announcement of reciprocal tariffs on U.S. trade partners despite Congressional Democrats’ predictions that inflation would increase as a result of the tariffs. Crude oil went from $72.22 prior to the announcement down to $66.12 per barrel as of this writing, a 8.4 percent decrease. Hot rolled coil steel’s June contrac…
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