Trump is back, and the threat of tariffs looms large over China’s economy.
On Wednesday, base and precious metal prices took a dive.
Resource markets are deeply concerned about Trump’s proposed tariffs and how they will impact China’s manufacturing-led economy.
But there is a dichotomy to all of this; Trump has also promised to keep inflation low.
Tariffs will increase the cost of imports for the American consumer, which is inflationary.
So, which direction will Trump move?