Trump Says 50% Copper Tariff To Take Effect Aug. 1
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Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies
London-listed miners popped Thursday with the coppor market in turmoil, as investors digested better economic news from China.
London copper prices pared some earlier losses in volatile trading as traders digest President Trump’s announcement of a 50% U.S. import tariff. Gold futures slipped.
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MoneyWeek on MSNWhy is the copper price rising?Fears of an upcoming 50% copper tariff have caused a spike in copper prices in the US, though the red metal’s price is falling elsewhere
U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.
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