Financial markets maintained the risk-off mode after US President Donald Trump announced that he would impose tariff on steel and aluminum imports next week. Risk assets including equities and commodities dropped. Wall Street declined with DJIA and S&P 500 indices losing -1.68% and -1.33% respectively. In the commodity sector, crude oil prices remained pressured with the front-month WTI and Brent contracts sliding -1.05% and -2.96% respectively.
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Sentiment Soured as Trump Seeks to Impose Tariff on Steel and Platinum Imports
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