How Washington is re-drawing the global copper map

From thearmchairtrader.com

The Trump administration’s announcement on July 30th that it would impose a 50% tariff on semi-finished copper products, while exempting upstream materials such as copper concentrates and cathodes, has done more than rattle traders. It marks a decisive turn in Washington’s industrial strategy, part of a broader “manufacturing reshoring” campaign, and signals a profound recalibration in the global copper trade. The immediate market reaction was dramatic. Copper futures on COMEX registered their steepest single-day fall on record, plunging over 18%. The collapse was not merely a knee-jerk response to shifting ... (full story)