The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would not be made unilaterally.
tariff on trade
Renewed tariff threats target the EU
President Trump has floated the idea of an additional 20% tariff on European goods, potentially set for announcement later on Wednesday. This move revives worries of a transatlantic trade spat, with auto and pharmaceutical sectors reportedly in the crosshairs. Any retaliatory measures from the EU could undermine global growth and apply fresh downward pressure on the Euro.
Silver Prices Rebound on Trade Tensions
Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.