Silver Rises Over 120% YTD 
President Trump suggested he may impose new tariffs on China for purchasing oil from Russia, following a similar move that doubled tariffs on Indian goods.
While no decision has been made, Trump said such action “may happen.” If enacted, this could further strain U.S.-China trade relations and potentially spark retaliation.
A White House adviser, however, downplayed the likelihood, warning that additional tariffs could backfire by harming the U.S. economy. Talks between the U.S. and China continue, with hopes of a summit later this year—but tensions remain, especially around AI technology and strategic resources.
