US EditionIron Ore Set To Slide Further As Trump Tariffs, China Slowdown Collide, Goldman Says
- President Donald Trump announced reciprocal tariffs on U.S. Trade partners, resulting in a drop in commodities prices and interest rates.
- Crude oil prices decreased by 8.4%, and gold dropped by 2%, contrary to predictions from Congressional Democrats about inflation rise.
- Executive Director Robert Romano stated that the reaction to the tariffs is to sell commodities, leading to lower prices rather than the expected inflation.
- General trends indicate that tariffs may contribute to lower prices rather than inflation.
12 Articles
12 Articles
Iron Ore Set To Slide Further As Trump Tariffs, China Slowdown Collide, Goldman Says
Iron ore could be set for further declines, according to Goldman Sachs, which reiterated its short case after concluding field research in China, the largest global consumer of base metals. The investment bank visited six private steel mills in the Beijing/Tangshan region, evaluating sentiment among mill operators, who forecast a 5% drop in domestic demand in 2025. Although utilization rates are high for now, output is expected to slow as crude …
Commodities Gauge Slumps by Most Since 2022 on Trump Tariffs
Commodity prices posted their biggest one-day collective slump in more than two years after President Donald Trump’s tariffs ignited speculation that a slowing global economy will undermine demand for oil, metals and agricultural products.
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