'Significant' Market Volatility Expected Amid Tariff Concerns

Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Uncertainty surrounding U.S. trade policies suggests global oil consumption will slump, dragging on commodity prices, the U.S. government said.

U.S. President Donald Trump upended global markets with a volatile trade agenda. He's threatened stiff tariffs on many U.S. economic allies, only to reverse course. China and the U.S., meanwhile, are volleying tariffs back and forth daily. U.S. tariffs on China went from combined 104% to 125%, and then to 145%. China responded with its own tariffs, calling last week for a 125% tax on goods imported from the U.S.