-
Goldman Sachs 'surprised' as Trump's copper tariffs exclude refined metal
President Trump's decision to exempt refined copper from an import tariff is a "surprise," but the move is not expected to alter market fundamentals, Goldman Sachs analysts said Thursday. Trump went ahead with 50% tariffs on copper imports but exempted refined metals, which are the mainstay of international trading, and the move sparked a record plunge for U.S. prices after a period of large profits for traders who hurried metal to the U.S. before the tariffs kicked in. In a single session, the announcement on copper tariffs wiped out Comex's large premium over the London Metal Exchange; the Comex copper contract ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From msn.com | Jul 31, 2025
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 ...
From theglobeandmail.com | Jul 31, 2025
The copper market got the tariff right but the products wrong. U.S. President Donald Trump’s proclamation “to address the effects of copper imports on America’s national security” was not what traders were expecting. There will be 50-per-cent tariffs on copper imports effective Friday but only on semi-manufactured products such as wire and tube. Refined ...
Too Little, Too Late. Jerome “Too Late” Powell is a disaster. DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!
