Markets Rattle as Trump Targets China on Rare Earths
Markets reeled today after Donald Trump’s morning post accused China of “hostile behavior,” threatened a “massive increase” in tariffs, and canceled his meeting with Xi Jinping slated for South Korea. The announcement sent shockwaves through global markets, with ICE gasoil tumbling a full standard deviation to $647.75/mt and soybean oil down roughly half that amount as traders pared risk across commodities and tech.
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