August 2019 | Aluminium Weekly Market Tracker
Funds focus: Trade tensions keep fund managers’ bias bearish towards the base metals
The macro picture has deteriorated further since last week due to another escalation in the US-China trade dispute. Both sides announced fresh tariffs against each other on Friday; China said it would impose tariffs on $75 billion of US goods, while US President Donald Trump responded with an additional duty of 5% on $550 billion of Chinese products.
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