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FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland

GOLDMAN SACHS: Commodities markets are facing their biggest demand shock since the financial crisis

The pause to major manufacturing efforts shrank oil demand by 4 million barrels per day, Goldman wrote, compared to 5 million barrels per day in 2008.

Trump restores metal tariffs on Brazil and Argentina in surprise move

The surprise move threatened to open a new front in a global trade dispute that has slowed growth in some of the largest economies.

Government watchdog warns that Trump administration’s tariff exclusion process appears tainted by ‘improper influence’

The Department of Commerce has come under repeated fire for an opaque tariff exemption process that some say favors larger companies.

A major American steelmaker has lost 70% of its market value since Trump slapped steep tariffs on the metal last year

US Steel, a titan of the metal industry, has lost $5.5 billion in market value and idled two furnaces since Trump announced the move in March 2018.
Sen. Pat Toomey (R-Pa.) told INSIDER that the new trade deal with Mexico and Canada, the USMCA, will face

A top Republican senator says Democratic ‘resistance’ means there’s no path forward for Trump’s new trade deal with Mexico and...

"So it’s not clear to me what the path forward is," Toomey said. "As I’ve warned the administration, there’s a lot of resistance from Democrats."

Steel stocks are getting whacked after Trump expands tariff exemptions for 3 countries

Steel stocks dropped after Trump announced the US would allow some countries to enjoy "targeted relief" from quotas imposed on steel and aluminum imports.
President Donald Trump

Trump’s trade war with China is intensifying — here’s what tariffs are, and how they could affect you

President Donald Trump imposed tariffs on another $16 billon worth of Chinese goods on Thursday, prompting China to retaliate in kind. The move is an escalation of the trade war and could have serious effects for US businesses and consumers.

Turkey’s currency takes 17% dive to fresh all-time low after Trump tweets new tariff rate

Turkey's currency plunged to fresh all-time lows against the dollar Friday after President Donald Trump announced in a tweet that he would double tariffs on aluminum to 20% and on steel to 50%.

Steel stocks are getting whacked on optimism for US-EU trade

Steel stocks fell Thursday after President Donald Trump suggested he would backpedal in a trade face-off with the European Union that has sent prices of the metal soaring.
President Donald Trump speaks following a meeting on infrastructure at Trump Tower, August 15, 2017 in New York City.

It didn’t take long for Trump’s tariffs to become a headache for the auto industry

Both GM and FCA stock took losses in the markets after reporting second-quarter earnings. The CFOs of both automakers addressed higher steel costs due to Trump's tariffs. GM and FCA cut full-year profit guidance.