Donald Trump, copper
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Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Nvidia scores the first $4 trillion market cap milestone, lifting the Nasdaq to a record.
U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.
LONDON: Copper prices held firm on Tuesday, supported by a lower dollar while gains were capped by worries about economic slowdown and demand growth caused by U.S. President Donald Trump’s tariffs and rising inventories, traders said.