Reported about 11 hours ago
President Trump has announced a surprising 50% tariff on copper imports, causing volatility in the metals market and a dramatic spike in copper futures prices. This move aims to boost domestic mining and smelting but raises concerns about rising costs across multiple industries that rely on copper, especially since the U.S. heavily depends on foreign imports. Analysts warn that this could lead to a significant decline in imported copper, impacting manufacturers and creating uncertainty within the market.
Source: YAHOO