IDEX Polished Price Index Dips in May
June 04, 25
(IDEX Online) - The IDEX Polished Price Index dipped during May, closing the month down 1.37 per cent.
Trump's announcement of reciprocal tariffs on 2 April prompted a brief, two-day surge in prices the previous month, resulting in a slight increase of 0.58 per cent.
They have been in gradual decline since then, as caution and uncertainty persist.
The reciprocal tariffs remain on a 90-day pause, which is due to expire on 9 July.
In the meantime, one US court has ruled that the tariffs are not legally enforceable, while another overturned that ruling pending a further hearing this week.
On top of that there's the traditional lull before the biggest trade event of the year, JCK Las Vegas, which opens on Friday (6 June).
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