Commodities Stand Corrected As Demand Destruction Doom Loop Beckons

Commodities Stand Corrected As Demand Destruction Doom Loop Beckons

Last Wednesday, on the heels of the USTR's decision to publish a list in conjunction with prospective tariffs on an additional $200 billion in Chinese goods, commodities had their worst day since 2014. It was a largely indiscriminate bloodbath and it suggested markets are beginning to fret about the possibility that an all-out global trade war could trigger across-the-board demand destruction. That episode underscored the inherent ambiguity surrounding the implications of the spiraling trade c
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