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Ronan Manly: Trump tariffs will trigger trade war, with gold and silver benefiting
By Ronan Manly
Bullion Star, Singapore
Monday, December 9, 2024
With less than two months until his inauguration on 20 January 2025, U.S. President-elect Donald Trump is ramping up the rhetoric on tariff threats to unprecedented levels -- even by his own "all guns blazing" standards.
In the space of less than two weeks, Trump has lost no time in firing off import tariff threats against China, Canada, Mexico, and all nine member countries of BRICS (a grouping that represents 45% of the world's population).
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In doing so, Trump is rekindling fears of global trade wars and creating global economic uncertainty.
This global economic uncertainty coupled with the expected increase in inflation caused by probable trade wars will have serious consequences for global financial markets, but will likely be a boon for precious metals prices, given the role of gold and as universal safe-haven assets and traditional inflation hedges. ...
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