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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.
Trump's tariffs on cars, copper, drugs, aluminum could hit harder than other levies
The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump's constantly evolving trade agenda.
A look at the countries that received Trump's tariff letters
President Donald Trump has sent letters to 14 countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1
Trump says steep copper tariffs in store as he broadens his trade war
U.S. President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide.
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