US Job Growth Seen Picking Up in July 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Yet another signal from the Trump administration that the United States would no longer tolerate malpractices in trade. When it comes to trade, Allies and adversaries - all alike to President Trump and that’s why in the latest turn of events, the U.S. Commerce Department announced that in its investigation, it has found exporters of Magnesium from America’s ally Israel guilty of malpractices and to compensate for that imposed duties on the imports. In 2018, the U.S. imported $38.9 million worth of Magnesium from Israel.
The investigation was initiated based on petitions filed Magnesium LLC in October. The petitioner alleged dumping margins ranging from 92.06 to 130.61 percent. Moreover, the petitioner alleged the existence of 12 subsidy programs including seven tax programs and five grant programs.
The department has found exporters from Israel have dumped magnesium in the United States at a margin of 193.24 percent. The department has asked U.S. Customs and Border Protection (CBP) agency to collect cash from importers based on these rates.
Actions like these have increased under the Trump administration and by as much as 219 percent, compared to a similar period under his predecessor.
