"If they used to be a country that was known to be a leader in culture, the economy and the perception of being good, I feel like the US is now a threat to geopolitical balance," says Sim, expressing a shift in feelings toward the US amidst tariff threats.
Any formal move against Fed Chair Powell could fuel significant volatility across global markets, impacting Treasury yields, the dollar and broader financial stability.
The price of copper moved upward sharply yesterday after President Trump said he thought imports should be taxed at 50%. Copper prices were up 17% in New York on Tuesday but fell back this morning.
These changes mirror similar safeguards adopted by the European Union and are intended to shield UK producers from unfair competition and unsustainable price pressures caused by heavily subsidised foreign steel.
