with iron ore miners also lower. Near-term commodity demand could be weaker due to higher US tariffs potentially leading to slower economic growth and recession. Why it matters: After recently ...

Iron ore resumed its decline on concerns that US President Donald Trump’s trade war could hurt global economic growth.

A cascade of US tariffs announced by President Donald Trump will hurt Chinese steel exports and help to drag iron ore prices below $90 a ton by the end of the year, Goldman Sachs Group said in a note.