Never-ending trade war sinks commodities into a world of trouble: Bloomberg

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The U.S.-China trade war is sparking so much fear over demand that even those parts of the commodity world that aren’t in the direct firing line are getting burned, says a report by Bloomberg Oil had its biggest sell-off in four years after U.S. President Donald Trump brought an abrupt end to a truce forged […]

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US adds India along with China, EU to steel tariff dispute at WTO

The United States has complained at the World Trade Organization about Indian tariffs imposed in response to US steel and aluminium tariffs last year. The dispute follows similar complaints against China, the European Union and others who retaliated in the same way, saying the US tariffs were essentially “safeguard” measures that should be accompanied with […]

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Saudis threaten US with ‘Nuclear Option’ to kill petrodollar; warns not to go ahead with NOPEC bill

Saudi Arabia has threatened to use the “nuclear option” of undermining the petro-dollar if the U.S. moves forward with the NOPEC bill. The U.S. Congress has been mulling legislation, known as the NOPEC bill, which would allow the US  Justice Department to take antitrust action against OPEC for manipulating the oil market. Specifically, the bill would […]

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US-China trade war rattles markets; China retaliates after Trump fires first salvo

The battle seems to have just begun. President Donald Trump signed an executive memorandum that would impose retaliatory tariffs on up to $60 billion in Chinese imports. “This is the first of many” trade actions, Trump said as he signed the memo, in a CNBC newscast. China promptly hit back. Accepting the gauntlet head-on, China announced plans […]

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