Advertisements

Trump Plans Copper Tariffs, COMEX Prices Surge to Record High

by Daisy

US President Donald Trump confirmed in a Newsmax interview on Wednesday that he intends to impose copper import tariffs “within weeks,” according to Bloomberg reports.

Key Remarks from President Trump

Trump stated that there would be few exceptions to the tariffs set to take effect on April 2. He emphasized a “reciprocal” approach, though added, “I’ll likely be more lenient than reciprocal.”

Advertisements

Market Reaction

The announcement sent COMEX copper prices soaring to an all-time high of $5.37. Meanwhile, the Australian Dollar (AUD), often linked to commodity prices, struggled against the US Dollar (USD), with AUD/USD hovering near the 0.6300 mark at the time of writing.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News