Donald Trump’s most controversial economic-policy proposal is to implement a 10% tariff on all imported products and materials, a drastic departure from traditional U.S. trade practices. This move has the potential to disrupt long-standing trade relationships and trigger retaliatory measures from both allies and adversaries, leading to possible trade wars that could have far-reaching economic consequences. Trump’s tariff plan represents a significant shift in U.S. trade policy and has sparked widespread debate and concern among economists and policymakers.
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Why Energy Fuels Rocketed Higher Today
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rose by 13.8% on Tuesday, driven by positive news. The company reported record monthly uranium production from one of its operational mines in May, and Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, enhancing optimism for future uranium demand. These developments collectively contributed to the significant increase in Energy Fuels' stock price....
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