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Trump revokes steel tariff reprieve: Aus shares to open lower

01 Jun 2018 – The start of June is set to see Australian shares open lower due to concerns over the global economy. Shares on Wall Street dropped – with Industrials shedding as President Trump decides to impose tariffs on steel and aluminium imports from three of America’s biggest allies – Canada, the EU and Mexico. This will disrupt manufacturing output and raise prices for consumers and producers. Back home Mantra (ASX:MTR) sale goes through.

Source: Finance News Network

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