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Copper Traders Brace For Potential China Tariffs
Copper prices are on course to end the week in muted fashion, currently sitting just below the weekly opening price. The market managed to recover from a push lower earlier in the week while a subsequent rally ran into selling interest. Price action seems to reflect the uncertainty in the market ahead of expected tariffs from Trump this weekend. Trump Tariffs Over the week, an uptick in rhetoric from Trump on forthcoming trade actions fuelled volatility across the board in commodities markets. However, traders still aren’t clear on whether Trump will go ahead with tariffs against China, which would be the most ... (full story)
