Oil Prices Defy Trump’s Trade Tariffs

Oil prices climbed on Monday despite the real threat of a global trade war erupting after U.S. President Donald Trump announced wide-ranging tariffs on U.S. imports,  this time targeting steel and aluminium. On Monday, Trump announced he will impose a 25% import tax on all steel and aluminium entering the U.S., with Canada likely to be hardest hit. Trump also talked about reciprocal tariffs on all countries that tax imports from the U.S., although he did not give the specifics, "If they charge us, we charge them," Trump said. Brent crude for…