Trump, Copper and Tariff
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Fifteen months since a devastating fire destroyed more than half the building, and ten months since the start of a multi-stage reconstruction effort, skilled workers are laying a new copper roof on parts of Copenhagen 's Old Stock Exchange building.
The Aug. 1 deadline for Trump's 50% copper tariffs signals the endgame for the most profitable trade that industry veterans say they have ever seen.
Freeport-McMoRan could see a $1.6-billion boost to annual profit if President Donald Trump's copper tariff materializes, a benefit driven by the firm's role as the largest U.S. producer with more expansion options than rivals.
2don MSN
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
US President Donald Trump’s promised 50% copper tariffs will include all refined metal, indicating the president’s far-reaching efforts to bolster American production of one of the world’s most ubiquitous materials.
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U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,
The metal is used in manufacturing everything from automobiles to mobile phones.
The commodity’s price is near a record high because of Trump’s trade war. It might be wise for investors to wait for a dip before easing in.