Trump's imposition of tariffs on steel and aluminum has caused market volatility, with Asian stock markets opening under pressure and oil prices rising against the trend.
According to the Securities Times app, President Trump of the United States announced a trade protectionism measure to double tariffs on steel and aluminum imports, causing tension in global markets. Asian stock markets opened weaker on Monday, with prices of safe-haven assets rising. Meanwhile, international oil prices continued to rise due to geopolitical risks and the dual effects of OPEC+ production increases.
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