SINGAPORE: Commodities including oil, copper and agricultural products dropped on Thursday as U.S. President Donald Trump's aggressive tariffs on key trading partners fuelled fears of recession, while safe-heaven gold jumped to an all-time high.
Trump announced a 10% minimum tariff on most U.S. imports, with significantly higher duties on goods from dozens of countries including China, which is likely to prompt countermeasures potentially driving up prices and reducing demand for U.S. goods.
