US Mid-session 1 Mar 18: Trade tariff concerns hit markets - Dow off 500pts

Overnight European markets lower and the US market started off weaker before recovering. but the recovery was short lived as the news was released on new import tariffs to the US for steel and Aluminium. At a meeting of industry executives at the white House Donald Trump confirmed he will impose import tariffs next week at 25% for steel and 10% for aluminium.

 

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