All articles tagged with #metal prices
President Trump signed a 50% tariff on copper imports, causing copper prices to plummet up to 18% and impacting major copper miners, as part of a broader effort to boost domestic industries and address trade imbalances, with potential effects on various products and overall US economic growth.
U.S. President Trump's threat of a 50% tariff on copper imports is causing concern in the auto industry due to soaring metal prices and reliance on imports, which could lead to higher costs for carmakers and consumers. The tariffs may be short-lived amid inflation concerns and political considerations, but they are already impacting supply chains and increasing vehicle production costs.
Gold's dramatic rise compared to industrial metals signals potential economic concerns, with some experts viewing it as a bubble and others warning it could indicate a looming market correction if stocks decline, as gold remains a safe haven amid geopolitical and economic uncertainties.