Too Risky To Trade? Shorts and Longs Are Cutting Risk in Oil

On Tuesday, U.S. President Donald Trump threatened to double his planned tariffs on Canadian steel and aluminum from 25% to 50%. Trump said his latest move comes in response to a threat by the province of Ontario to put a 25-percent surcharge on electricity exports to some U.S. states. Whereas Trump delayed most of the tariffs he had imposed on Canada and Mexico, Canada has responded forcefully, with the Canadian government announcing on Monday it would match American tariffs on roughly $30 billion worth of U.S. goods initially, and another $125…