Commodities

Commodities Retreat as Trump Pushes Ahead With Tariff Threats

Trump says he may impose levies on Canada, Mexico by Feb. 1
President said he plans to fill oil reserve ‘right to the top’

WATCH: Oil swung as Trump threatened tariffs on Canada and announced plans to boost domestic energy output. Bloomberg’s Stephen Stapczynski reports.Source: Bloomberg

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By Alex Longley, Jack Ryan, and Julia Fanzeres

January 20, 2025 at 11:33 PM UTC

Updated on

January 21, 2025 at 8:26 PM UTC

This article is for subscribers only.

Oil and industrial metals declined after President Donald Trump reignited trade-war fears with his tariff threats against Mexico and Canada, while gold rose as investors sought haven assets.

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