Markets

Europe’s steel tariff move tips over another domino in Trump’s trade war with China

The EU opted to make previously temporary steel tariffs permanent Wednesday matching US tariffs on imports. The move highlights that protectionism is spreading and Donald Trump’s trade war with China is entrenching itself into global economy. European automakers are “extremely disappointed” with the move restricting imports sending carmakers’ share prices […]
Europe’s steel tariff move tips over another domino in Trump’s trade war with China
Markets

Iron ore got a boost from upbeat Chinese economic data

Iron ore spot markets finished mixed on Thursday. The benchmark fell while lower and higher grades increased. China released stronger-than-expected manufacturing and non-manufacturing PMI reports on Thursday, helping to boost sentiment during the session. Chinese commodity futures continued to rally in overnight trade, showing little reaction to news the United […]
Iron ore got a boost from upbeat Chinese economic data