Copper traders look to Chinese buyers in post Trump-tariff world | Metals Mine

  • Copper traders look to Chinese buyers in post Trump-tariff world

    From bnnbloomberg.ca

    Global copper traders are offering cargoes to Chinese buyers as they look to offload metal no longer able to reach the U.S. before U.S. President Donald Trump’s 50 per cent copper tariff deadline. Trump said late on Wednesday he would impose the new tariff from August 1 to promote domestic production of everything from semiconductors to ammunition. He didn’t specify which copper products would be hit or whether exceptions would be considered. China is the world’s largest copper consumer, and the number of offers by overseas sellers has been picking up since late June and is now at the highest in months, ... (full story)

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