Copper Price Record High as Trump Touts 50% Tariffs | The Opening Trade 07/09
George Mihalcea
President Donald Trump sowed fresh chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark. Global stocks were mixed as traders assessed the White House’s latest salvo on tariffs, with President Donald Trump escalating his trade rhetoric and threatening more charges on copper and pharmaceuticals. European stocks rose to the highest in almost a month. The
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