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Trump’s tariffs are redrawing world trade. Watch gold, copper for the impact
U.S. stock markets are becoming inured to tariff shocks. But new global trade deals are being drawn up in the face of the Trump administration’s “America first” doctrine, and investors should pay attention to the resulting scramble for commodities. Traditional American allies are getting used to tongue lashings from the White House. The latest target is South Korea, which President Donald Trump said he would hit with 25% tariffs—up from 15% previously—due to a delay in approving a preliminary trade pact. That comes days after the president threatened 100% tariffs on Canada if the country makes a trade deal ... (full story)