Gold surely fly confirm trade read the caption Markets remain risk-averse as a global tariff war seems inevitable, with US President Donald Trump affirming 25% tariffs on Canada and Mexico effective on Tuesday while he already signed the order to raise China tariffs to 20%.
In response, China’s Commerce Ministry and the Canadian prime minister’s office confirmed retaliatory tariffs on the US, triggering a tit-for-tat situation, which could translate into a full-fledged trade war