Commodities
Goldman Says Commodities Flash US Tariff Risk as Trump Gears Up
- Levies on Canada crude would raise gasoline prices, bank warns
- Analysts flag differences in regional pricing for materials
Raw materials markets from energy to metals are braced for a wave of disruption as Trump seeks to reshape global trade.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Commodity markets are pricing in elevated odds that US President Donald Trump’s sanctions against Canadian imports will include raw materials like oil, according to Goldman Sachs Group Inc., which warned of higher gasoline prices in the Midwest if penalties cover crude flows.
Differences in regional pricing for commodities including crude, copper and aluminum signal an 85% probability of a 10% tariff being applied, analysts including Samantha Dart and Daan Struyven said in a note. Lower probabilities were linked with higher eventual tariffs, they added.