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Trump’s 50% tariff unlikely to boost US copper production
US copper futures hit a record high yesterday – surging as much as 17% – after President Donald Trump announced he plans to implement a 50% tariff on copper imports. The magnitude of yesterday’s spike also set a record for a one-day increase. Meanwhile, LME prices dropped more than 4% early this morning. Trump's tariff on copper aims to boost domestic production of the metal and reduce the US's reliance on imports. By imposing a 50% tariff on imported copper, the administration aims to encourage the development of new mining projects within the US and support the domestic copper industry. However, the US ... (full story)
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From cnbc.com|Jul 9, 2025The cost of copper for U.S. buyers has rocketed after President Donald Trump said he would impose a 50% tariff on imports of the metal. It means that already elevated prices are ...
From @realDonaldTrump|Jul 9, 2025|28 comments
ANYBODY BUT “TOO LATE.”
From monetamarkets.com|Jul 9, 2025On July 9, 2025, markets respond sharply to rising geopolitical and trade tensions. WTI crude oil jumps above $67.00 as renewed attacks in the Red Sea revive supply disruption ...
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From @realDonaldTrump|Jul 9, 2025|26 commentsOur Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!
From bnnbloomberg.ca|Jul 9, 2025|1 commentThe minutes from the U.S. Federal Reserve’s June 17-18 policy meeting are expected on Wednesday to show a divided central bank wrestling with the expected economic impact of ...
From @zerohedge|Jul 9, 2025|1 comment*TRUMP TO IMPOSE 20% TARIFF ON GOODS FROM PHILIPPINES *TRUMP TO IMPOSE 20% TARIFF ON PHILIPPINES GOODS *TRUMP TO IMPOSE 25% TARIFF ON GOODS FROM BRUNEI *TRUMP TO IMPOSE 30% TARIFF ON GOODS FROM ALGERIA *TRUMP TO IMPOSE 30% TARIFF ON GOODS FROM LIBYA *TRUMP: IRAQ GOODS GET 30% TARIFF Trump Imposes 25% Tariff On Moldovan Goods
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- Jul 9, 2025 9:25am Posted byFundamental Analysis268
