Financial markets faced renewed turbulence on Friday, July 11, following former President Donald Trump’s aggressive trade rhetoric, including proposed new tariffs on key U.S. trading partners. The Dow Jones Industrial Average bore the brunt of the pressure, while cryptocurrency markets defied the trend with sharp gains, led by Bitcoin and a wave of altcoins. Dow Dips, Tech Stays Steady, Crypto …
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Trump Doubles US Steel and Aluminium Tariffs to 50%, Spares UK for Now
U.S. President Donald Trump has signed an executive order doubling existing import tariffs on steel and aluminium products from 25 percent to 50 percent. The measure, which takes effect on June 5, intensifies a series of ongoing trade disputes and places new pressure on global supply chains and diplomatic relations. The revised tariffs, enacted under national security provisions in Section …
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