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Why demand for platinum and palladium is at risk from proposed US tariffs?
- US auto tariffs could lower demand for platinum and palladium.
- Demand may decline due to decreased car production from tariffs impacting sales.
- Analysts predict platinum and palladium demand could drop significantly if tariffs are imposed.
The demand for precious metals like platinum and palladium is expected to decline if the proposed tariffs by President Donald Trump on US auto imports lead to a decrease in vehicle sales, according to a Reuters report. This potential decrease in demand is due to the fact that automakers would likely reduce their production if […]
February 28, 2025
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