Trump's Tariffs Drive Copper Prices to Record Highs
TL;DR Summary
President Trump's threats of steep tariffs on copper and pharmaceuticals are causing market turmoil, affecting commodities, bonds, and U.S. businesses reliant on copper. The trade war escalation includes a 50% tariff on copper, raising concerns about inflation and economic impact, while bond yields rise amid geopolitical tensions. Meanwhile, political developments in New York and leadership changes at major companies also make headlines.
- Trump’s Trade War Roils the Copper Market The New York Times
- Copper now costs way more in the U.S. than elsewhere. This could hit its economy hard CNBC
- Trump says 50% tariff on copper imports is coming and threatens 200% on pharmaceuticals CNN
- Five Things to Know About Record Copper Prices WSJ
- Trump Sows Turmoil on Metals Markets Bloomberg.com
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