25% Steel and Aluminum Tariffs to be Announced - - - Rising Grain Prices - - - Energies Slide - - - The Watch on Cryptos
To start Monday, Monday . . . . Markets are expecting President Trump to announce new 25% tariffs today, targeting imports of steel and aluminum. Those expected to be hit hardest by these duties include Canada, Mexico, Germany and Asian exporters. However, this will damage U.S. steel and aluminum demand as well. Despite targeting other countries, these tariffs are likely to threaten to deepen the unannounced U.S. recession.
Lets take a look the U.S. dollar, cryptocurrencies, the fat cattle market and diesel fuel. How are U.S. tariffs impacting commodity markets? What’s on the rise? What’s on the slide?
And here’s my take and a presentation summary at the Alberta / BC Seed Growers annual meeting held last week in Calgary . . . .
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