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DO YOU WANT A $8.55 (U.S.) CUP OF COFFEE WITH YOUR STAGFLATION. Coffee is at all times highs surpassing the 'stagflation' 1970s. Trump's Tariff ' 25% 'madness' rule is now been extended to steel imports from all of South America. remember, Brazil is America's largest exporter of raw steel at 61% (update 1). Canada and Mexico get the Trump 25% tariff implemented. Stocks/USD drop, coffee rises.
News:
- Morning Wrap: ASX set to slide after Trump confirms tariffs for Mexico, Canada - Market Index
- Gold Gains as Tariffs Stoke Economic Fears and Dollar Drops - Bloomberg
- US to Slap Tariffs on Crop Purchases as Food Imports Balloon - Bloomberg
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