Trump, Copper and Tariff
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The Aug. 1 deadline for Trump's 50% copper tariffs signals the endgame for the most profitable trade that industry veterans say they have ever seen.
U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,
2don MSN
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
US President Donald Trump’s promised 50% copper tariffs will include all refined metal, indicating the president’s far-reaching efforts to bolster American production of one of the world’s most ubiquitous materials.
Freeport-McMoRan could see a $1.6-billion boost to annual profit if President Donald Trump's copper tariff materializes, a benefit driven by the firm's role as the largest U.S. producer with more expansion options than rivals.
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The metal is used in manufacturing everything from automobiles to mobile phones.
Trump announced a 50% tariff on copper imports Tuesday, triggering a jump in U.S. copper prices that could cause an increase in metal theft.
The commodity’s price is near a record high because of Trump’s trade war. It might be wise for investors to wait for a dip before easing in.
Copper prices—and mining stocks—rose after President Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the metal hit record highs earli