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Stock impact report

Oil prices tumble to four-year low as US-China trade war fuels recession fears [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
US President Donald Trump's sweeping reciprocal tariffs have now come into effect, with China—currently the world's largest oil importer—facing 104% import duties. Since Trump's announcement of the new tariffs, Brent crude futures have dropped more than 19% to $60.41 per barrel, while West Texas Intermediate (WTI) futures plunged 20% to $57.06 per barrel—both marking their lowest levels since March 2021. On Tuesday, China vowed to “fight to the end” following Trump's threat of an additional 50% in tariffs. The US, meanwhile, remains committed to enforcing the full 104% levies. The intensifying trade war between the world's two largest economies has once again triggered a broad sell-off in risk assets. “For China, the tariffs could signif Read more
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