Copper, Donald Trump and Tariff
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Looming Copper Tariffs Leave Companies Scrambling
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Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies
Copper miners remain bullish on the metal's future prospects even as a looming 50% U.S. tariff creates short-term price volatility, Barrick Mining Corp CEO Mark Bristow said in Zambia, where the company is expanding its operations.
1don MSN
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
Maria Curi, tech policy reporter at Axios, joins Marketplace’s Meghan McCarty Carino for “Tech Bytes: Week in Review.”
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Earlier this week, President Donald Trump sent ripples across the commodities sector with the announcement that he will impose a 50% tariff on copper imports. According to a CNBC report, Trump implied that additional sector-specific levies would be just over the horizon.
U.S. President Donald Trump's plans to impose 50% tariffs on copper would include semi-finished products such as those used for power grids, the military and data centers, Bloomberg News reported on Thursday,
Peru kept interest rates unchanged as its economy comes under threat from Donald Trump’s plan for a 50% copper tariff. The central bank held its key rate at 4.5% for a second straight month on Thursday,
President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.