Reported 2 days ago
President Trump's sudden implementation of a 50% tariff on copper imports, while exempting refined metals, has led to a significant downturn in the copper market, causing a record drop in U.S. prices and disrupting global trade. Analysts warn that this unexpected move has altered market dynamics, leading to potential re-exports and a return to normalcy in global copper flows. The decision highlights ongoing challenges in the U.S. metals sector and raises questions about the future of tariffs on refined copper.
Source: YAHOO