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Trump sent copper prices soaring to records with talk of new tariffs. Morgan Stanley flags 2 companies set to benefit.
Trump said on Tuesday that he would impose a 50% tariff on copper. Though the remarks were light on specifics, his comments sent the metal to all-time highs.
Trump copper tariffs set to spark final scramble to get metal across the border
Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal across the border before U.S. President Donald Trump's higher than expected 50% tariff on imported copper takes effect.
Copper futures jump 2% after Trump tariff decision; global mine output seen rising 2.5% in 2025
Copper futures (HG1:COM) extended their rally on Thursday, rising around 2% as traders reacted to U.S. President Donald Trump’s announcement of a 50% tariff on imported copper, set to take effect on August 1.
Nvidia’s $4 trillion mark, copper crackdown, Trump’s tariff slaps: Live Updates
President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Nvidia scores the first $4 trillion market cap milestone, lifting the Nasdaq to a record.
Chile, Peru anxiously await word on Trump's proposed 50% copper tariff
U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.
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Stock Market Today: Dow rises 250 points after two days of losses as investors monitor tariffs; copper holds near record; Fed minutes on tap
Fed minutes and copper are in focus Wednesday as stocks look to shake of tariff anxiety and rally to fresh record highs.
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