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Industrial metals fall on fresh tariff threat
Industrial metals fell on Monday after President Donald Trump announced plans to impose a 10% tariff on countries aligned with the BRICS bloc, injecting fresh uncertainty into global trade relations, said Bloomberg News. The duty would be charged on top of existing tariffs with no exceptions, said Bloomberg citing Trump’s comments in a Sunday-night post on Truth Social. BRICS includes Brazil, China, South Africa and India, with China being the world’s biggest metals importer. Treasury Secretary Scott Bessent indicated the revised tariffs will take effect August 1, telling CNN that Trump will send tariff letters ... (full story)
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- Jul 7, 2025 9:26am Posted byFundamental Analysis265
