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Trade Turbulence: Commodities Ride Volatile Waves Amid Tariff Strikes

UNITED STATES, AUG 2 – The White House aims to reduce the trade deficit by recalibrating tariffs, expecting a 3-5% export increase and a manufacturing output rise to 108 index points, officials said.

Summary by Devdiscourse
Trade Turbulence: Commodities Ride Volatile Waves Amid Tariff Strikes The global commodity markets faced pronounced volatility last week, as base metal prices, particularly copper, plummeted nearly 2%, contradicting the 1% surge in gold prices. The turmoil followed U.S. President Donald Trump's imposition of a 25% tariff on numerous Indian goods, igniting renewed fears of a trade war.Trump's tariff actions, especially on semi-finished copper goo…

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MondialNews broke the news in on Saturday, August 2, 2025.
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