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Dr Copper under US tariffs fever
On July 8th, Donald Trump announced 50% tariffs on copper from August 1st, following a Section 232 investigation initiated by the White House in February. Nonetheless, their scope remains unclear, as there is currently no information on the nature of the taxed products — whether they apply to refined copper, derivative products, etc. Those tariffs are further fueling concerns within the US manufacturing sector, given that nearly half of the country’s copper demand is met through net imports. US markets reacted sharply to rumors of tariff increases, triggering a record intraday spike on July 8th. COMEX copper ... (full story)
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- Jul 24, 2025 10:53am Posted byFundamental Analysis221
