Crude oil prices saw strong gains on Wednesday.

The US is due to start charging tariffs on $34 billion of Chinese goods on Friday. China has said it will retaliate. Canada, Mexico and European Union also expected to retaliate the US with same measures. So this doesn’t seem to be dying down soon and will start impacting metals sooner or later.

Asia's main economic hubs of Japan, China and South Korea reported a slow down in export. The manufacturing activity also seems to be slowing down in China and in much of Eurozone as well.

First Published:Jul 4, 2018 9:07 AM IST