Stock market news
• The week began with the now-familiar bang: President Trump used the media frenzy on Air Force One to announce 25% tariffs on U.S. steel and aluminum imports, promising more retaliatory tariffs on Tuesday or Wednesday. Meanwhile, new Chinese retaliatory tariffs on U.S. imports came into effect, and German Chancellor Scholz said the EU was ready to respond to the tariffs “within an hour.”
• Investors sold the Australian dollar and the euro, both falling early on, although they have since pared their losses. Wall Street futures also started lower, but did not stay low...
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