Copper Retreats as Trump Hints at New Severe Tariffs on China
Last month, Mexico announced plans to raise tariffs on auto parts and vehicle imports from countries like China. In its argument, the country explained that the tariffs surging to 50% would protect thousands upon thousands of industry and manufacturing jobs. Despite this, analysts argue that the increase may have also been a way to appease President Trump. Shortly after this announcement, the Chinese government released a statement condemning the plan, noting that the move was discriminatory. Lian Jian, the spokesperson of China’s Ministry of Foreign Affairs, argued that the country opposed all forms of protectionism and would protect its interests…
