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LME copper hits one-week high after Trump pauses tariffs
LME copper prices touched a one-week high on Tuesday, recovering from a sharp retreat in the previous session, after US President Donald Trump delayed tariffs on Canada and Mexico for a month, easing concerns over a potential trade war. Benchmark copper was up 0.5% at $9,145 a metric ton, as of 0425 GMT, its highest point since Jan. 27. The metal fell to a four-week low on Monday. The dollar index fell 0.2% on Tuesday, making greenback-priced commodities cheaper for holders of other currencies. Trump backed away from his threat to impose steep tariffs on Mexico and Canada for a month, but US tariffs on China, the ... (full story)