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ICE cotton crashes amid US export uncertainty following tariff move
ICE cotton futures saw their sharpest single day fall in two years, driven by uncertainty around US cotton exports following a new US tariff policy. President Trump's 10 per cent base tariff sparked fears of global retaliation, leading to widespread selloffs. May 2025 cotton dropped 4.4 per cent, with high trading volume reflecting market panic.
ICE cotton futures saw their sharpest single day fall in two years, driven by uncertainty around US cotton exports following a new US tariff policy.
President Trump's 10 per cent base tariff sparked fears of global retaliation, leading to widespread selloffs.
May 2025 cotton dropped 4.4 per cent, with high trading volume reflecting market panic.
