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Tariff Tremor: Copper Soars, Miners Slide on Trump Announcement
Earlier this week, President Donald Trump sent ripples across the commodities sector with the announcement that he will impose a 50% tariff on copper imports. According to a CNBC report, Trump implied that additional sector-specific levies would be just over the horizon.
Trump's mooted copper tariff widens New York–London price dislocation
Donald Trump's mooted 50% tariff on copper imports into America has sharply exacerbated what was already a dislocation between New York and London prices for the metal. The chart shows that since Trump's inauguration traders have been placing a greater premium on the COMEX contract,
London copper prices edged higher in early trading as the market weighed the impact of Trump’s 50% import tariff on the metal.
President Donald Trump announced a 50% tariff on copper imports on Tueday, a move aimed at bolstering domestic production and ...
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