Trump, copper and tariff
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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.
The latest trade war drama… the potential fallout of the copper tariff… how to hedge yourself… why Nvidia continues to be Louis Navellier’s favorite stock… sell this dog immediately VIEW IN BROWSER Yesterday,
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.
Comex copper turns lower a day after President Trump announced a higher than expected 50% tariff on copper imports that caused a record spike in US futures and a drop in the global benchmark
President Trump is threatening new 50% tariffs on copper and up to 200% on pharmaceutical imports. He also announced new tariffs on six countries. NBC News' Vaughn Hillyard reports the latest. Veda Partners Managing Partner Henrietta Treyz and University of Michigan Professor of Economics and Public Policy Justin Wolfers join Katy Tur to break down the economic impact of Trump's policies on Americans.
The U.S. is expected to see a significant increase in tariff revenues, potentially reaching $300 billion. Trump's trade policies, such as proposed pharmaceutical tariffs, have disrupted global markets.
Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth.