The price of buyer dropped and recorded the largest daily decline in five months, after US President Donald Trump threatened to set up a ‘massive increase’ in customs duties on Chinese goods, which set fire to widespread unrest in global markets. Prices dropped about 5% to fall below $ 10,400 per tonne on the London Metal Exchange, which pushed the profits of prices on Thursday in the direction of record levels. Trump: China imposed “hostile” export restrictions on rare metals that Trump said on social media that the possible measures came in response to what he described as “enemy” export restrictions imposed by China on rare metals and related technology. US stocks dropped sharply following the statements, while gold and bonds rose. Trump cancels his meeting with Chinese president and threatens Beijing with ‘massive’ rates. Trump explained that he saw “no reason” to meet with Chinese President Xi Jinping later this month in a scheduled meeting in South Korea, adding that one of the measures the United States is considering, “a major increase in customs duties on Chinese products imported in the United States.” This publication comes as part of a series of steps taken by both the United States and China to limit the flow of technology and materials between the two countries. The price of buyer on the London Stock Exchange scored a 4.9%drop, reaching $ 10,337.50 per ton at 17:06 local time, at a time when all metals traded on the stock exchange dropped, and futures on the Comex scholarship in New York also dropped.
The price of buyer is on his way to its greatest daily losses in five months after Trump’s statements
