U.S. Futures Dip as Iran Ceasefire Faces Early Challenges 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
On Monday, the Trump administration announced that it would impose steep tariffs for foreign-made washing machines and solar panels. While the tariffs imposed on washing machines were far steeper than industry experts imagined, those imposed on solar panels fell short of expectations. The administration approved four-year tariffs on imported solar panels with the tariff beginning at 30 percent, which would be gradually reduced to 15 percent. The first 2.5 gigawatts of imported solar cells are exempt for each year.
While 30 percent tariff in year one is quite harsh, the duty imposed is less than 35 percent recommended by the U.S. International Trade Commission (ITC) in October in its report submitted to the President.
Asian exporters will be the biggest loser as the United States, according to International Trade Commission imported 80 percent of the solar panels installed in the United States and most of them came from Asia. Malaysian and South Korean imports accounted for almost 57 percent of the total imports, followed by Vietnam (9 percent), Thailand (9 percent), and China (8 percent).
