Trump says 50% copper tariff to take effect Aug. 1
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London copper prices edged higher in early trading as the market weighed the impact of Trump’s 50% import tariff on the metal.
1hon MSN
Copper futures (HG1:COM) extended their rally on Thursday, rising around 2% as traders reacted to U.S. President Donald Trump’s announcement of a 50% tariff on imported copper, set to take effect on August 1.
Trump’s 50% copper tariff threat is likely a bluff to drive domestic investment, with markets pricing in a far lower risk if it materializes at all.
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad
U.S. President Donald Trump broadened his global trade war on Tuesday as he announced a 50% tariff on imported copper and said long-threatened levies on semiconductors and pharmaceuticals were coming soon.