Copper, Donald Trump and Tariff
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Canada, Trump and tariffs
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Gold prices climbed 1% to a one-week high on Friday as investors rushed towards safe-haven assets after U.S. President Donald Trump widened the global trade war with an announcement of new tariffs. Spot gold was up 1% to $3,
President Trump said Tuesday that an ongoing investigation of tariffs on copper will end with 50% duties on the metal, and he threatened 200% tariffs on pharmaceuticals.
2don MSN
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
An indicator of copper import demand in top consumer China jumped 38% on Wednesday, suggesting robust appetite for the metal, after U.S. President Donald Trump's plans for a 50% import tariff drove down benchmark prices in London.
Copper and other industrial metals extended losses after US President Donald Trump injected fresh uncertainty into his trade agenda with a pledge to impose a 10% tariff on countries aligned with the BRICS bloc of nations.