Additionally, China added PVH Corp.(NYSE:PVH) and Illumina Inc.(NASDAQ:ILMN) to its “Unreliable Entity List,” citing the need to “safeguard national sovereignty, security, and development interests,” and opened an antitrust investigation on Alphabet Inc.(NASDAQ:GOOGL)(NASDAQ:GOOG).
Yet, prices rebounded sharply Tuesday morning following reports that Trump is considering issuing a memorandum aimed at inflicting maximum economic damage on Iran, potentially leading to a sharp decline in Iranian oil production.
China responded to President Donald Trump‘s 10% import tariff with targeted countermeasures, including restrictions on key mineral exports to the U.S.and tariffs on American energy products.
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