The European Union is concerned that time is running out for the United States to remove tariffs imposed by former President Donald Trump on steel and aluminium, a senior EU trade official said on Thursday. Citing U.S. national security grounds the Trump administration in 2018 imposed tariffs of 25% on EU steel and 10% on aluminium - measures that steelmakers such as Thyssenkrupp and Voestalpine have said they were affected by. The EU denied its exports pose any security threat and responded by placing its own tariffs on 2.8 billion euros ($3.4 billion) of U.S. products, including motorbikes, whisky and orange juice.
Usually commodity bull markets start with a supply shock, but maybe this time is different. Let's compare the 1970s to what we're seeing today.
When things get dicey, gold goes up. But not every retail investor needs to buy gold as a hedge against economic uncertainty.