Copper, Trump and tariff
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Futures contracts hit a record price after the president announced plans for a 50 percent tariff on the metal, driving up costs for businesses.
President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad
Spot copper prices are again trading at a steep premium to later-dated futures in New York, putting fresh pressure on holders of short positions after a historic squeeze last month.