Reported 22 days ago
Copper futures in New York experienced a dramatic surge following President Trump’s announcement of a proposed 50% tariff on imports, leading to significant price volatility. On one day, prices soared by 17%, only to retract by over 4% the next morning. This tariff is expected to increase costs across numerous sectors reliant on copper, from electronics to construction, while global supply chains face disruptions. Traders are rushing to import copper before the tariffs take effect, anticipating a surge in domestic prices amidst rising global demand for the metal.
Source: YAHOO