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Copper Gaps Lower on Fresh Tariff Fears
Copper prices are down sharply on Monday as traders look ahead to Wednesday’s US tariff announcement. The pause on Trump’s ‘Liberation Day’ tariffs is due to end and tariffs are set to return to higher levels across the board with new rates taking effect from August 1st. Hopes of a US/China trade deal have been left unfulfilled for now and with global trade expected to deteriorate as a result of the return to higher tariff levels, the copper demand outlook is weakening accordingly. In particular, Trump’s threat of an additional 10% tariff on BRICs countries (mix of heavy copper importers and producers) is ... (full story)
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- Jul 7, 2025 7:40am Posted byTechnical Analysis214
