Reported about 20 hours ago
Goldman Sachs reports a 50% likelihood of a 10% U.S. tariff on copper by the end of the first quarter of 2025, coinciding with Trump's return to the presidency. The current market conditions reflect this uncertainty, with three-month copper prices slightly declining after a recent peak. The bank also notes significant tariff implications for other commodities, including a 40% chance of a 25% tariff on Canadian goods.
Source: YAHOO