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Trump Tariff Surprise Triggers Implosion of Massive Copper Trade
The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. US President Donald Trump went ahead with 50% tariffs on copper imports but exempted refined metals, which are the mainstay of international trading. The move triggered a record plunge for US prices after a period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated. “The blow-out in the CME-LME spread has been touted as one of the most profitable commodity trades in modern ... (full story)
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From @DeItaone|Jul 31, 2025WHITE HOUSE: NEW RECIPROCAL TARIFF RATES TAKE EFFECT FRIDAY WHITE HOUSE: COUNTRIES WITHOUT DEAL OR LETTER WILL HEAR FROM U.S. BY TONIGHT WH Press Sec. Leavitt: We have announcements coming on G20.
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- Jul 31, 2025 1:13pm Posted byFundamental Analysis235
